Turkey's Erdogan Says If U.N. Security Council Fails To Stop Israeli Attacks In Gaza, Lebanon, U.N. General Assembly Should Rule To Recommend Use Of Force
Portfolio Pulse from Benzinga Newsdesk
Turkish President Erdogan has called for the U.N. General Assembly to recommend the use of force if the U.N. Security Council fails to stop Israeli attacks in Gaza and Lebanon.
September 30, 2024 | 5:00 pm
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NEUTRAL IMPACT
The iShares MSCI Turkey ETF (TUR) may experience volatility due to geopolitical tensions as President Erdogan calls for U.N. action against Israeli attacks.
Erdogan's statements could lead to increased geopolitical tensions, impacting Turkish markets and the TUR ETF. However, the direct financial impact is uncertain, leading to a neutral short-term score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The iShares MSCI Israel ETF (ISRA) might face pressure due to potential geopolitical instability following Erdogan's call for U.N. intervention.
Erdogan's call for U.N. action against Israel could lead to increased geopolitical risks, potentially affecting the Israeli market and the ISRA ETF negatively.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80