Iran's President Pezeshkian Says Tehran Will Never Give Up On Its Missile Program As Deterrence
Portfolio Pulse from Benzinga Newsdesk
Iran's President Pezeshkian has declared that Tehran will not abandon its missile program, emphasizing its role as a deterrent. This stance may influence geopolitical tensions and impact global oil markets.
September 16, 2024 | 1:00 pm
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Iran's firm stance on maintaining its missile program could heighten geopolitical tensions, potentially affecting global oil supply and prices. This may lead to increased volatility in oil-related ETFs like USO.
Iran's missile program is a significant geopolitical factor. Any escalation in tensions could disrupt oil supply, affecting oil prices. USO, an oil ETF, is likely to experience volatility as a result.
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