Oil israel

Oil prices spike as Asian markets tumble on Hormuz fears

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.

|ByDOR OPHIR
A sharp spike in oil prices rattled equities and revived fears of a renewed global inflation wave.
Oil tanker Bronco sits anchored in Lake Maracaibo, near the Bajo Grande crude port operated by state oil company PDVSA, in Maracaibo, Venezuela, February 9, 2026. (Ilustration)

Venezuela sends first oil shipment to Israel in years in sign of relations improving - Bloomberg

Israel's Bazan Group will be responsible for transporting the cargo, according to the report, although authorities have not publicly disclosed this.

|ByTOBIAS HOLCMAN
Moshe Kaplinsky, Chairman of Bazan Group; Assaf Almagor, CEO of Bazan Group; MK Gadi Eisenkot

“Driven by Duty” - Eisenkot Honors Refineries Staff in Haifa

MK expresses gratitude to workers for dedication during wartime operations

|ByJERUSALEM POST STAFF
Damage at Haifa oil refinery as a result of an Iranian missile attack, June 16, 2025.

Iranian strike on Haifa oil refinery plant kills three

Danny Abraham, 59, from Kiryat Motzkin, was announced as one of the victims killed in the missile strike.

|ByAMICHAI STEIN, JERUSALEM POST STAFF

Golan residents to demonstrate against plans for oil drilling

Residents are concerned about the planned project's potential effects on the environment, health and regional tourism.

APRIL 20, 2014BySHARON UDASIN
The Tamar gas processing rig off the coast of Israel 370