Israel Faces Significant Fuel Price Hike Amid US-Iran Tensions
Fuel prices in Israel are expected to rise sharply between Saturday and Sunday due to a recent surge in global oil prices triggered by escalating tensions between the United States and Iran. Analysts predict that unless there is a major de-escalation in the security situation, the Strait of Hormuz will not fully reopen, and the US dollar will remain above three shekels against the Israeli currency. Under these conditions, the price of a liter of 95-octane gasoline at self-service stations is expected to increase by approximately 25 to 30 agorot, reaching around 7.75 shekels. Full-service fuel prices are also anticipated to rise, nearing 8 shekels per liter.
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