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Oil plunged more than 6%. their biggest daily drop in more than two years after an expected Israeli retaliatory strike against Iran over the weekend spared the country’s petroleum infrastructure.
Oil prices rose as much as 3% Wednesday before paring gains amid worries of supply disruptions stemming from the Middle East conflict. Prices fell from session highs by mid-day in the trading ...
Brent crude, the international oil benchmark, pared some of its steepest losses by mid-morning and was down by about 5% to $72.13 a barrel. US oil prices fell over 5% to $67.90 a barrel. The sharp ...
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Oil prices shot up more than 4% on Monday as traders reacted to news of deadly violence in Israel over the weekend, leading to questions about whether the price of gasoline would follow suit ...
The economy of Israel is a highly developed free-market economy. [23] [4] [24] [25] [26] The prosperity of Israel's advanced economy allows the country to have a sophisticated welfare state, a powerful modern military said to possess a nuclear-weapons capability with a full nuclear triad, modern infrastructure equivalent to developed countries, and a high-technology sector competitively on par ...
Still, on March 29, 2024, the Biden administration authorized the transfer of billions of dollars worth of bombs and fighter jets to Israel. [15] [16] In total, the United States spent $17.9 billion on military aid to Israel from October 2023 to October 2024, a record for a single year, as estimated by the Costs of War Project at Brown University.
The Leviathan gas field is a large natural gas field in the Mediterranean Sea off the coast of Israel, [2] 47 kilometres (29 mi) south-west of the Tamar gas field. [3] The gas field is roughly 130 kilometres (81 mi) west of Haifa in waters 1,500 metres (4,900 ft) deep in the Levantine basin, a rich hydrocarbon area in one of the largest offshore natural gas field finds.