Biden-Harris admin continues to be on ‘both sides’ of the Israel-Hamas war: Rep. Scott Perry | Fox Business Video
Rep. Scott Perry criticized the Biden administration's response to the ongoing Israel-Hamas conflict, stating that it appears the administration is taking a dual approach. This comes amidst increasing tensions in the Middle East, suggesting a complicated geopolitical landscape that could have significant implications for U.S. foreign policy and its allies.
Stock Forecasts
XLE
Positive
The continued tensions in the Middle East are likely to put pressure on energy prices, particularly oil. Investors may want to look at energy sector stocks as potential beneficiaries of rising oil prices due to supply concerns. Additionally, defense stocks may also see a boost given increased military engagement or support for allies.
DAL
Negative
Companies that have significant exposure to the region or rely on stability in the Middle East could face challenges. This may negatively impact travel and tourism stocks as well as various multinational companies with exposure to regional volatility.
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