Lebanon Hezbollah Says It Targeted Military Base In Northern Israel With Dozens Of Missiles
Portfolio Pulse from Benzinga Newsdesk
Hezbollah has claimed responsibility for targeting a military base in northern Israel with dozens of missiles, according to a statement cited by Reuters.
September 23, 2024 | 2:16 pm
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NEUTRAL IMPACT
The United States Oil Fund (USO) might experience fluctuations as Middle East tensions rise following Hezbollah's attack on Israel, potentially impacting oil prices.
While the attack could influence oil prices due to increased regional instability, the direct impact on USO is uncertain and depends on broader market reactions.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
The iShares MSCI Israel ETF (EIS) may experience volatility due to increased geopolitical tensions following Hezbollah's missile attack on a military base in northern Israel.
The attack by Hezbollah on an Israeli military base could lead to increased geopolitical tensions, potentially affecting the Israeli economy and, by extension, the iShares MSCI Israel ETF (EIS). This may result in short-term volatility for EIS.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The VanEck Vectors Israel ETF (ISRA) might face short-term pressure due to heightened geopolitical risks after Hezbollah's missile attack on an Israeli military base.
The missile attack by Hezbollah increases geopolitical risks, which could negatively impact the Israeli market and the VanEck Vectors Israel ETF (ISRA) in the short term.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75