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Full coverage· Economy· Updated

Fuel Prices Set to Surge in Israel Amid Rising Gulf Tensions

Rising tensions in the Persian Gulf have caused oil prices to surge from $70 to $81 per barrel, leading to expected fuel price hikes in Israel. Iranian missile attacks on commercial ships followed the US revoking oil sanction relief, prompting strong US warnings.

4 newsrooms · 1 language · since

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Fuel Prices Set to Surge in Israel Amid Rising Gulf Tensions
Illustration by baba

What happened

  1. 01Oil prices jump from $70 to $81 per barrel amid Persian Gulf tensions.
  2. 02Iranian missile attacks damage commercial ships in the Strait of Hormuz.
  3. 03US revokes recent oil sanction relief granted to Iran.
  4. 04Israeli fuel prices expected to rise significantly next week.
  5. 05President Trump warns Iran of heavy retaliation after US soldier deaths.
  6. 06Dollar strengthens against shekel amid regional security concerns.

The situation is also impacting currency markets, with the dollar strengthening against the shekel.

Translated and summarized by baba from Srugim, the latest report. Read Srugim’s original

The coverage

4 newsrooms on this story

Who covered it

  • LeftNone
  • Centre2
  • Right1
  • Haredi1
  • ArabNone

How it broke

See which of the 4 newsrooms broke it, and who waited