Please keep related news in this thread rather than making separate posts. Remember to include sources and avoid spreading rumours.
Please keep related news in this thread rather than making separate posts. Remember to include sources and avoid spreading rumours.
Does Israel gain or lose from rising oil prices? Genuinely have no clue what their logistics supply chain is so :p
Net neutral. Though it imports its energy, its backer, the US is a net exporter and it will offset Israeli losses.
As far as I can recall, Israel is not the one footing the bill but the whole West. Israel’s existence depends on the West support.
With that context, a better question will be if the West can sustain themselves with oil prices over $120+ USD.
Israel is not a petrol state AFAIK, relying on imports for 99% of its consumption.
Israel’s not even a state, dude