Bank Hapoalim to finance Stark Power with $85 million
The deal helps the energy firm created by former Enlight and Nofar executives expand in the US to acquire and build new energy and storage projects.
Energy & Infrastructure
Renewed Middle East tensions send Brent Crude above $100
On the way to an Israeli AI crisis: Avi Simhon’s unusual warning
Jerusalem's L3 opens after years of delays, turning one light rail line into a network
Asia is most affected continent by Strait of Hormuz closure, with 80% of Gulf energy imports
A New York Times report revealed that Asian countries are entering an energy crisis due to the closure of the Strait of Hormuz, while Western nations will feel the economic effects of the war.
Global powers release oil reserves as Iran war threatens Strait of Hormuz supply
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.
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.
US offers $20b. reinsurance plan to spur Gulf oil flow amid Operation Epic Fury, Iranian attacks
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.
Traders warn $100-a-barrel oil is imminent if Iran war keeps raging
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.
Israel launches historic project to send desalinated water into Sea of Galilee
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.
Israel entered Gaza war without emergency plan for electricity, energy sectors, probe finds
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.
Israel ranked 7th in broadband speed: Bezeq chairman on telecom innovation
WATCH: Tomer Raved, Executive Chairman of the Bezeq Group, in conversation with Jake Laznik, Senior Breaking News Desk Manager, The Jerusalem Post.
Israel is building a NIS 7b. airport – history says it will cost much more - analysis
The government is advancing a new Negev airport at NIS 7 billion. Two decades of data suggest the final bill will be far higher.
Mekorot to invest NIS 800 million in doubling water supply to Eilat
"This is enormous news that will drive growth across the entire region and surrounding communities," says Infrastructure and Energy Minister Eli Cohen
