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Full coverage· Economy· Updated

Oil Prices Surge Amid US-Iran Tensions, Fuel Costs in Israel Set to Rise

Oil prices have surged due to US-Iran military tensions, pushing Brent crude to $100 per barrel. Israeli fuel prices will rise by around 30 agorot next Saturday, also influenced by a stronger US dollar against the shekel.

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Oil Prices Surge Amid US-Iran Tensions, Fuel Costs in Israel Set to Rise
Illustration by baba

What happened

  1. 01Brent crude oil prices hit $100 per barrel amid US-Iran conflict escalation.
  2. 02WTI crude oil trades near $90 per barrel, reaching recent highs.
  3. 03Israeli fuel prices expected to increase by about 30 agorot next Saturday.
  4. 04Fuel price hike partly driven by the US dollar strengthening against the shekel.
  5. 05The shekel currently trades at approximately 3.07 per US dollar.
Translated and summarized by baba from Behadrei Haredim, the latest report. Read Behadrei Haredim’s original

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