Israel Strikes Iranian Military Targets In Major Retaliation: IDF
Portfolio Pulse from Navdeep Yadav
Israel has launched strikes against Iranian military targets in retaliation for Iran's missile attack on October 1. This escalation in Middle East tensions has led to a rise in oil prices, with the United States Oil Fund (USO) seeing a 1.2% increase in after-hours trading.
October 26, 2024 | 1:05 am
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The United States Oil Fund (USO) rose by 1.2% in after-hours trading as oil prices increased due to heightened geopolitical tensions following Israel's strikes on Iranian military targets.
The escalation of conflict in the Middle East typically leads to concerns about oil supply disruptions, causing oil prices to rise. This directly impacts USO, which tracks oil prices, resulting in a 1.2% increase in after-hours trading.
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