Yemen's Houthis Confirm Targeting Central Israel With Two Missiles; Say They Launched Several Drones On Israel's Jaffa And Eilat
Portfolio Pulse from Benzinga Newsdesk
Yemen's Houthis have confirmed targeting central Israel with two missiles and launched several drones on Israel's Jaffa and Eilat. This escalation in conflict could impact global markets, particularly those related to oil and defense sectors.
October 07, 2024 | 5:31 pm
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POSITIVE IMPACT
The escalation of conflict in the Middle East, with Yemen's Houthis targeting Israel, could lead to increased volatility in oil prices, potentially benefiting oil-related ETFs like USO.
The Middle East is a critical region for global oil supply. Increased conflict can lead to fears of supply disruptions, which typically drive oil prices up. USO, an oil-related ETF, could see positive movement as a result.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80