Netanyahu Claims Turkey Wants to Destroy Israel to Restore Empire

Geopolitics7 hours ago

President Recep Tayyip Erdogan's desire to reclaim Jerusalem is driving Turkish aggression against the Jewish state, Benjamin Netanyahu said on Oct. 20. The Israeli Prime Minister stated that while he seeks to avoid a confrontation, Turkey is the party actively pursuing a clash and believes the Ottoman Empire can be restored by destroying Israel.

The rhetoric marks a shift from Oct. 18, when Netanyahu said he was taking all possibilities into account to prevent a direct engagement with Ankara. He told listeners that Israel's connection to its homeland spans 3,000 years and that the region is no longer in the 16th century when Ottoman forces ruled for 400 years.

Mapped to your portfolio

Possible scenarios

45%Managed Verbal Escalation-0.3%
25%Economic Retaliation-0.4%
20%US-NATO De-Escalation+0.3%

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Netanyahu Claims Turkey Wants to Destroy Israel to Restore Empire

In this story

Benjamin Netanyahu Turkey Israel Recep Tayyip Erdoğan Jerusalem Ottoman Empire

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Mapped to your portfolio

Possible scenarios

45%Managed Verbal Escalation-0.3%
25%Economic Retaliation-0.4%
20%US-NATO De-Escalation+0.3%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.