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economic crisis

An Islamic Revolutionary Guard Corps (IRGC) boat allegedly takes part in an operation to seize ships attempting to cross the Strait of Hormuz, on April 21, 2026. (MIRZADEH via the Iranian news agency TASNIM NEWS, via AFP)
April 27, 2026, 8:36 pm
Rubio rejects new Iranian proposal to reopen Strait of Hormuz, with future of talks in limbo
Iran’s plan is ‘We’ll blow you up and you pay us,’ says top US diplomat; tanker traffic muted in strait, which Iran says it controls; Germany’s Merz: Iran ‘humiliating’ US in talks
By Agencies, ToI Staff and Jacob Magid
A tanker sits anchored in the Strait of Hormuz off the coast of Qeshm Island, Iran, April 18, 2026. (AP Photo/Asghar Besharati)
April 21, 2026, 1:35 pm
Iran war creating worst energy crisis ‘in history,’ says International Energy Agency
Strait of Hormuz closure, coupled with energy-related fallout from Ukraine war, becoming world’s ‘biggest crisis’ ever, IEA chief says; jet fuel price hikes may cost travelers
By Reuters
Syrian Foreign Minister Faisal Mekdad, right, shakes hands with the new United Arab Emirates Ambassador to Syria Hassan Ahmad al-Shihi and receives his credentials, in Damascus, Syria, January 30, 2024. (AP Photo/Omar Sanadiki)
February 5, 2024, 4:45 pm
Beyond Israel’s borders: Why did Abu Dhabi return its ambassador to Damascus now?
Even as Israel’s far-right celebrates at a conference on resettlement of Gush Katif, Arab countries work to restore ties with Syria and an economic crisis deepens in Egypt
By Ksenia Svetlova
Supporters of the Tunisian Free Destourian Party wave national flags and raise placards during a demonstration against President Kais Saied in the capital Tunis, October 15, 2022. (FETHI BELAID/AFP)
October 19, 2022, 5:38 pm
Tunisian bakers strike over $78 million in unpaid subsidies
Union says 3,200 businesses have closed amid crippling economic crisis, which has prompted North African country to seek $1.9 billion loan package from IMF
By AFP
Former prime minister Benjamin Netanyahu speaks to the media at Likud headquarters in Tel Aviv on July 26, 2022. (Avshalom Sassoni/Flash90)
August 3, 2022, 2:05 pm
Daily Briefing August 3: Netanyahu pivots to the economy, stupid
Political correspondent Tal Schneider on significance of former PM’s rebranding; legal affairs reporter Jeremy Sharon on how ‘good faith’ legalizes settlements
By ToI Staff
Then-prime minister Benjamin Netanyahu and then-education minister Naftali Bennett (left) at the annual Bible Quiz at the Jerusalem Theatre on Independence Day, April 19, 2018. (Shlomi Cohen/Flash90)
August 8, 2021, 5:58 am
Budget shows Bennett-Lapid gov’t aims to transform Israel, as Netanyahu once did
It’s a pattern too consistent to be coincidence: A dramatic crisis opens the political window for change, and Israeli governments find the courage to step through it
By Haviv Rettig Gur
People stand in line outside stores in Jerusalem after they were permitted to reopen following a national lockdown due to the coronavirus outbreak, on November 8, 2020. (Yonatan Sindel/Flash90)
June 16, 2021, 12:36 pm
Central bank urges new government: Think long-term, make Israel more productive
Bank of Israel report says Israel must invest more in its people, develop its infrastructure and upgrade its financial system in order to eventually reduce income inequality
By Shoshanna Solomon
Illustrative: A Hezbollah supporter chants slogans as he holds his group's flag during a protest against US involvement in Lebanon's affairs, near the US embassy in Aukar, northeast of Beirut, Lebanon, July 10, 2020. (AP Photo/Hussein Malla)
April 17, 2021, 11:36 am
Hezbollah said making preparations for Lebanon’s possible collapse
Terror group stocking up on supplies, including fuel from Iran, as it prepares to protect its Shiite backers, assume an even larger role in society if country’s leadership crumbles
By ToI Staff
An empty shopping area at Washington Union Station in Washington, DC, March 20, 2020. (SAUL LOEB/AFP)
January 28, 2021, 10:31 pm
Pandemic caused worst year for US economy since 1946
Commerce Department reports GDP shrunk by 3.5% in 2020 while net exports fell 13% and personal consumption expenditures dropped 3.9%
By Chris Stein and Heather Scott
Israeli prime minister Benjamin Netanyahu gives a statement to the media in the Israeli Parliament in Jerusalem on November 2, 2020. (Yonatan Sindel/Flash90)
January 23, 2021, 12:27 pm
Netanyahu said planning new aid to small businesses ahead of election
TV network says PM preparing blitz of diplomatic and economic moves in March to boost his chances in national vote
By ToI Staff
In this photo taken on July 18, 2020, a man waits for the start of a video projection in the "Cour d'Honneur du Palais des Papes" in Avignon, southern France. (CLEMENT MAHOUDEAU/AFP)
August 17, 2020, 12:06 pm
Coronavirus pushes world’s leading economies into record slumps
Second-quarter contractions show recessions in all major economies except China; eurozone, Israel’s major trading partner, sees GDP plunge 12.1% in three months
By AFP
An anti-government protester shouts slogans while wearing a mask with the colors of the Lebanese flag in Beirut, Lebanon, on July 2, 2020. (Hassan Ammar/AP)
July 21, 2020, 7:06 pm
Corruption-plagued Lebanon contracts NY-based company to do forensic audit
Deep dive into country’s finances comes after Beirut defaults on massive debt due to economic crisis
By Bassam Mroue
Former Bank of Israel deputy governor Nadine Baudot-Trajtenberg. (Bank of Israel)
July 20, 2020, 4:58 pm
Israel needs clear economic policy to help it out of crisis, top economist says
Former Bank of Israel deputy governor Nadine Baudot-Trajtenberg says lack of economic leadership has brought unemployment in Israel to among worst of OECD nations
By Shoshanna Solomon
Israelis protest in Tel Aviv's Rabin Square against the government's economic policies during the coronavirus pandemic, July 11, 2020. (Miriam Alster/Flash90)
July 15, 2020, 10:37 am
Protester who attended mass Tel Aviv rally diagnosed with coronavirus
Health Ministry says demonstrator was at Rabin Square from 7 to 9:30 p.m. on Saturday, days after officials warned that gathering would feed increase in infections
By ToI Staff
Israelis protest in Tel Aviv, calling for financial support from the government, on July 12, 2020. (Avshalom Sassoni/Flash90)
July 13, 2020, 6:43 am
Anger mounts as self-employed discover virus stipends far less than PM promised
Despite approval of payments up to NIS 7,500, many to get less than NIS 2,000; welfare chief slams top treasury official for being ‘out of touch’ with suffering of the people
By ToI Staff
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