Renewed Middle East tensions send Brent Crude above $100
Brent crude tops $100 as renewed U.S.-Iran tensions disrupt the Strait of Hormuz, fueling inflation fears and putting fresh pressure on global markets.
Brent crude tops $100 as renewed U.S.-Iran tensions disrupt the Strait of Hormuz, fueling inflation fears and putting fresh pressure on global markets.
IEA member states approved the release of 400 million barrels from strategic oil reserves to mitigate the impact of a potential Iranian blockade of the Strait of Hormuz.
As South Korean and Japanese stocks plummeted due to concerns about supply disruptions in the Strait of Hormuz, Brent crude surged 26% to $116 per barrel on Monday.
The Trump administration is deploying a $20 billion maritime reinsurance program through the DFC to restore Hormuz shipping. Move targets soaring energy prices as Iran war halts Gulf commerce.
While oil and gas prices have surged this week, as ship traffic through the Strait of Hormuz has all but halted, they remain far below the highs seen just after Russia invaded Ukraine.
New Reverse Carrier system will send up to 5,000 cubic meters of desalinated water per hour into the lake by early summer, as officials cite climate pressures and wartime conditions.
A report by State Comptroller Matanyahu Englman revealed that Israel entered the October 7 war without an updated, fully implemented emergency framework for the electricity and energy sectors.
WATCH: Tomer Raved, Executive Chairman of the Bezeq Group, in conversation with Jake Laznik, Senior Breaking News Desk Manager, The Jerusalem Post.
The government is advancing a new Negev airport at NIS 7 billion. Two decades of data suggest the final bill will be far higher.
"This is enormous news that will drive growth across the entire region and surrounding communities," says Infrastructure and Energy Minister Eli Cohen
The agreement links Beit She’an and the Emek HaMaayanot to the national water grid, increasing supply reliability for residents and farmers.