Gas

Finance Ministry aims to cut record high gas prices by 50 agorot, needs attorney-general's approval

Finance Minister Bezalel Smotrich intends to introduce the additional reduction, which, if approved and completed, is expected to bring the price of a liter of gasoline down to about NIS 7.77.

A worker fills benzene, at a gas station in Jerusalem before petrol prices rise at midnight on 31 January 2011.
The Venezuela International Oil & Gas Summit 2026, the first major international energy summit since Nicolas Maduro's removal from power in January, in Caracas, Venezuela, September 29, 2026.

Qatar's UCC in talks for possible entrance into oil, gas areas in Venezuela, executive says

Finance Minister Bezalel Smotrich attends a ceremony marking the establishment of the new Israeli settlement of Ma’ale Arugot in Gush Etzion, in the West Bank, September 2, 2026.

Smotrich to again increase state fuel subsidies to counter rise in gas prices

A vehicle on fire at a Palestinian village in the West Bank, allegedly due to far-right Jewish extremists, September 28, 2026.

Over 100 settlers riot in West Bank early Tuesday morning, gas prices in Israel reach all-time high


Gas prices in Israel to reach all-time high at NIS 8.27 per liter amid worldwide price hikes

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.

Illustration of a gas station in Jerusalem. August 30, 2026.

One injured, five trapped after explosion in central Athens caused a building to collapse

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

Emergency personnel work at a site where an old building partially collapsed following an explosion, in the touristy Plaka area in central Athens, Greece, September 25, 2026.

The Iran war is creating a new global energy risk beyond the Strait of Hormuz - analysis

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.

Damage in the aftermath of Houthi strikes on the Red Sea port city of Mocha, Yemen, August 10, 2026 in this screengrab taken from a handout video.

Eleven injured in ammonia gas leak at Jordan's Aqaba industrial complex - report

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.

A container ship is docked as its cargo is unloaded at the Aqaba Container Terminal (ACT) in Aqaba, Jordan, August 30, 2026.

Syria rocked by largest protests since fall of Assad regime after fuel prices surge

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.

Protesters burn tyres and block the road in protest against rising fuel prices on the highway between Aleppo and Turkey, Syria, September 13, 2026.

Iranian Rial hits record low as economic fallout from war takes hold - report

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

A vendor pumps petrol from Iranian fuel oil tankers for resale near the Bashmagh border crossing on March 11, 2026.

Arab Gas Pipeline revival: Jordan approves strategic natural gas supply route to Lebanon via Syria

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.

A worker checks an oil pipeline at Nahr Bin Umar oil field, north of Basra, Iraq.

Saudi energy group signs landmark oil, gas agreements with Afghanistan

The agreements also include a natural gas utilization study in Herat and plans for a proposed 435-mile gas pipeline, in a deal that could pave the way for billions of dollars in future investment. 

3D-printed oil pump jacks and a Saudi Arabian flag appear in this illustration taken March 2, 2026.

Israel cuts gasoline prices by 50 agorot after Smotrich approves temporary excise relief

Smotrich's order to lower gas prices will remain in effect until October 31, four days after Israel's 2026 election.

Gas station

US military created secret path through Hormuz, 10 million barrels of oil pass daily - report

US President Donald Trump told reporters "The Strait is open. A lot of boats are coming through, adding that "We are getting a lot of oil out."

A drone view shows vessels in the Strait of Hormuz, as seen from Musandam, Oman, June 15, 2026.