Ukraine's Foreign Ministry Spokesman Says Will Consider Its Options And Could Even Cut Ties With Tehran If Russia Uses Iranian Missiles In Ukraine War
Portfolio Pulse from Benzinga Newsdesk
Ukraine's Foreign Ministry has stated it may consider cutting diplomatic ties with Tehran if Russia uses Iranian missiles in the Ukraine war. This development could impact geopolitical relations and energy markets.
September 10, 2024 | 3:46 pm
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POSITIVE IMPACT
The potential geopolitical tension between Ukraine and Iran, due to the use of Iranian missiles by Russia, could impact oil markets, affecting USO, an oil ETF.
USO, an oil ETF, could be impacted by changes in oil prices due to geopolitical tensions. If Ukraine cuts ties with Iran, it may lead to increased volatility in oil markets, potentially driving prices up.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
VGK, an ETF focused on European stocks, might be affected by the geopolitical tensions between Ukraine and Iran, as it could influence European markets.
VGK, which tracks European stocks, might see indirect effects from geopolitical tensions. However, the direct impact is less certain, leading to a neutral short-term outlook.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 40