John Bolton Says Israel Should Strike Iran By 'Going After Its Nuclear Weapons Program' — Tehran's Nukes Threaten America's Security
Portfolio Pulse from Benzinga Neuro
John Bolton, former Trump-era national security advisor, urges Israel to target Iran's nuclear program, citing threats to both Israeli and American security. His comments follow recent missile attacks from Iran. Israeli PM Netanyahu has opted against targeting Iran's oil or nuclear facilities to avoid political and economic repercussions. This decision has led to a drop in oil prices, affecting related ETFs.
October 15, 2024 | 1:27 am
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NEGATIVE IMPACT
The iShares US Oil & Gas Exploration & Production ETF (IEO) closed 1.1% lower as oil prices dropped due to geopolitical decisions by Israel.
IEO, which is sensitive to changes in oil prices, was affected by the drop in oil prices after Israel's decision not to target Iran's oil facilities.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The United States Oil Fund LP (USO) saw a 2% decline as oil prices fell following Netanyahu's decision not to target Iran's oil or nuclear facilities.
Netanyahu's decision to avoid targeting Iran's oil facilities led to a decrease in oil prices, directly impacting USO, which tracks oil price movements.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80