Gas

UCC, British BP, and XRG, a unit of United Arab Emirates' state company ADNOC, last month were granted a long-term license to develop the Loran gas project, one of the largestin Venezuela's waters.

A similar move by Smotrich earlier in September, approved by the prime minister's legal advisor, was seen as unwise by the Treasury's professional echelon, according to N12.

The Jerusalem Post's must-listen news roundup with Gadi Zaig - the top stories, clear and concise.

Finance Minister Bezalel Smotrich said later Tuesday that he instructed officials to "prepare for an additional subsidy on gasoline to stem the price spike," according to N12 News.

"It was like the whole building, the whole block blew off. That's how strong it was," said local resident Andreas Martzaklis.

Oil loadings at the Red Sea port of Yanbu were suspended, sources told Reuters, while Saudi Arabia’s East-West Pipeline remained offline after attacks on the kingdom’s energy infrastructure.

The commissioner for environment and public safety at the Aqaba Special Economic Zone Authority, Nidal Al-Ouran, said the leak had been contained and that the injuries ranged from minor to moderate.

The United Nations Development Program estimates that 90% of Syrians live below the poverty line, compared with about a third before the Syrian civil war began in 2011.

Iranian workers are going on strike as inflation rises to 128% and the fuel crisis worsens living conditions across the country.

Under the new arrangement, Jordan will import liquefied natural gas and regasify it using existing infrastructure at the Aqaba Port, before transporting the product to Lebanon through Syria.