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.
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.
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.
Oct 10, 2024, 8:09 PM
The government is investigating 37 companies - but has yet to hand out any fines, the BBC discovers.
Oct 10, 2024, 12:17 PM
Investors are looking to the latest reading on CPI consumer inflation to set expectations for the path of interest rates.
Oct 10, 2024, 7:02 AM
Economists forecast that the rise in consumer prices will slow to 2.3 percent in the year through September, the latest evidence that inflation appears to have come under control.