Economically, Israel is not facing multi-front war yet - opinion
If the northern front expands into an all-out war between Israel and Hezbollah, or if the Red Sea is closed by the Houthis – then the energy market will respond with increases in fuel prices.
OFFICIALS, INCLUDING energy ministers of several Arab countries, attend the 12th Arab Energy Conference in Doha, Qatar, last month. The war with Hamas in Gaza is the first in the Middle East that has not led to a rise in the price of oil. (photo credit: Yousef Saba/Reuters)ByELIE PODEH, ONN WINCKLER
