Iran's President Pezeshkian Says We Don't Seek War But If Israel Acts Against Us We Will Respond
Portfolio Pulse from Benzinga Newsdesk
Iran's President Pezeshkian stated that Iran does not seek war but will respond if Israel acts against them. This geopolitical tension could impact markets, particularly those related to energy and defense sectors.
October 02, 2024 | 4:31 pm
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POSITIVE IMPACT
USO, an ETF tracking oil prices, could be impacted by potential disruptions in oil supply due to geopolitical tensions between Iran and Israel.
Geopolitical tensions in the Middle East often lead to concerns about oil supply disruptions, which can drive oil prices up, potentially benefiting USO.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
EIS, an ETF focused on Israeli equities, may experience volatility due to increased geopolitical tensions between Iran and Israel.
EIS is directly related to Israeli equities, and any geopolitical tension involving Israel can lead to market volatility, potentially impacting the ETF negatively.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
ISRA, another ETF focused on Israeli stocks, could see increased volatility due to the potential for conflict between Iran and Israel.
Similar to EIS, ISRA is tied to Israeli stocks, and geopolitical tensions involving Israel can lead to market fluctuations, likely affecting the ETF negatively.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80