Gulf States Are Lobbying Washington To Stop Israel Attacking Iran's Oilfields, Gulf Sources Say
Portfolio Pulse from Benzinga Newsdesk
Gulf states are lobbying Washington to prevent Israel from attacking Iran's oilfields, as reported by Reuters. This geopolitical tension could impact oil prices and related markets.
October 10, 2024 | 1:09 pm
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The geopolitical tension involving potential attacks on Iran's oilfields could lead to volatility in oil prices, impacting the United States Oil Fund (USO).
The potential for conflict in the Middle East, particularly involving Iran's oilfields, could disrupt oil supply and lead to price fluctuations. USO, being an oil fund, is directly affected by changes in oil prices.
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