Join our Community
Support ToI and remove all ads
Learn more
×

oil prices

Finance Minister Bezalel Smotrich signs an order to reduce the excise tax on gasoline to bring down fuel prices at the pump, October 5, 2026. (X/Bezalel Smotrich)
October 4, 2026, 7:46 pm
Government trims price at pump, days after it reached record high
Treasury trims a further NIS 0.5 off fuel tax excise surcharge, bringing cost per liter down to NIS 7.7; ministry officials reportedly balk at cost to state coffers
By ToI Staff
A fuel pump nozzle inserted into a car at a Dor Alon gas station in central Israel, September 4, 2026. (Nati Shohat/Flash90)
September 30, 2026, 10:06 am
Price at pump set to hit record high of NIS 8.27 per liter
Government says rise due to world energy markets, which have been rattled by supply concerns amid Iran war
By ToI Staff
Gas prices are displayed in front of a gas station, September 10, 2026, in Carlsbad, California. (AP Photo/Gregory Bull)
September 24, 2026, 8:43 am
Gulf nations keep oil flowing despite Iranian attacks, but workarounds are costly
Pipelines, clandestine tanker shuttles and dwindling stockpiles have kept crude near $100 a barrel, but analysts warn the fragile balance may not last
By David McHugh
A woman stands at the water's edge along the Strait of Hormuz as a plume of smoke rises in the background following an explosion, off Bandar Abbas, Iran, July 13, 2026. (Razieh Poudat/ISNA via AP)
September 14, 2026, 6:02 am
Diplomacy stumbles as meeting on Hormuz between Iran and Gulf states is postponed
Oman cites need for ‘consensus’ as Iran says countries will coordinate future date for planned Monday meeting; Trump again predicts war will end around midterms
By Agencies
Fighters loyal to the Houthi authorities, march during a rally to recruit more fighters, in Sanaa on September 10, 2026. (Mohammed HUWAIS/AFP)
September 11, 2026, 4:19 pm
Houthis seize key Red Sea islands, complete takeover of vital Bab el-Mandeb shipping lane
Advance by Iran-backed rebels gives Tehran effective control of two of the Middle East’s most important waterways; Houthis insist no cause for concern to international shipping; US diesel prices top $6 for first time
By AFP
US Secretary of State Marco Rubio speaks alongside Paraguay’s Vice President Pedro Alliana (not pictured), in the Treaty Room at the US State Department, August 4, 2026, in Washington. (AP Photo/Tierney L. Cross)
August 26, 2026, 10:27 am
Rubio says no new Iran offensive for now as US focuses on economic pressure — report
Washington also bent on restoring shipping through Hormuz; Iran and Oman discuss temporary corridor; oil firms begin avoiding vessels on Iranian blacklist of ships
By Nava Freiberg, Agencies and ToI Staff
US President Donald Trump listens during a back to school event in the Rose Garden of the White House, August 24, 2026, in Washington. (AP Photo/Alex Brandon)
August 25, 2026, 6:43 pm
Trump says Iran in ‘humanitarian crisis of epic proportions’ that ‘must be stopped’
US president alleges Tehran stiffing swathes of its military, ‘killing protesters’ at record levels; Pakistan says Iran open to renewed diplomacy, as oil prices fall for second day
By Jacob Magid and Agencies
In this photo released by official website of the office of the Iranian Presidency on April 16, 2017, a part of the South Pars gas field facility is seen after being inaugurated by President Hassan Rouhani, on the northern coast of Persian Gulf, Iran. (Iranian Presidency Office via AP)
August 11, 2026, 2:01 pm
Iran says it will up gas output by next month as regime repairs damaged facilities
Oil ministry says 95 million cubic meters of lost daily output to be restored by end of September; global energy prices rise as hopes fade for US-Iran deal to open Hormuz
By Agencies
Palestinian motorists queue at a gas station while the city is experiencing a severe fuel shortage following the Israel Iran conflict, in Ramallah June 19, 2025. (AP Photo/Nasser Nasser)
July 30, 2026, 10:51 pm
West Bank fuel shortage strands Palestinians at pump with economy running on empty
Cash liquidity crunch and fiscal strains, some stemming from PA’s reliance on Israeli shekel, seen as driving petrol scarcity, leading to long gas lines and illicit ‘black gold’ sales
By Nurit Yohanan
US President Donald Trump speaks in the Oval Office of the White House, July 24, 2026, in Washington. (AP Photo/Rod Lamkey, Jr.)
July 25, 2026, 2:43 am
Trump says hasn’t decided on major Iran strikes, Tehran getting ‘serious’ in talks
Saudi-led coalition says it hit Houthi targets in Yemen, as US continues to bomb Islamic Republic targets and Iran retaliates with strikes across the region
By Agencies and ToI Staff
Traders work on the floor of the New York Stock Exchange (NYSE), July 9, 2026, in New York City. (Spencer Platt/Getty Images/AFP)
July 20, 2026, 2:08 pm
Oil prices ease after Iran says US contacts continue through mediators
Crude scales back gains after reaching $91 a barrel, as Tehran says diplomatic exchanges remain active despite escalating conflict; US gas prices cross $4 mark
By Agencies
Yemeni soldiers patrol the strategic Bab el-Mandeb Strait, Yemen, April 5, 2026 (AP Photo/Abdulnasser Alseddik)
July 14, 2026, 8:32 pm
After blocking Hormuz, Iran signals it could ramp up pressure and shut Red Sea gateway, too
Analysts say Tehran looking at ‘nuclear option’ of ordering Houthis to close Bab el-Mandeb Strait, extending the threat to global trade and energy supplies beyond the Gulf
By Samia Nakhoul
Illustrative: A worker collects engine oil as he works at a degassing station in the Zubair oil field near Basra, Iraq, on March 28, 2026. (AP Photo/Leo Correa)
July 8, 2026, 9:50 pm
Oil shoots back up and stocks slide as Trump indicates Iran ceasefire over
Brief spike above $80 a barrel declines somewhat later in the day; stocks also affected by AI boom
By AFP and ToI Staff
Tankers and cargo vessels are seen in the Gulf of Oman, along shipping routes linking the Strait of Hormuz and the Arabian Sea, Tuesday, June 16, 2026. (AP Photo)
June 25, 2026, 7:38 pm
Hormuz traffic rebound returns oil to prewar rates, as US reassures wary Gulf allies
Oil dips below prewar price of under $73 a barrel, but number of vessels passing through strait is still below prewar figures; oil tankers use new route through channel despite Iran threats
By Agencies
Pedestrians walk past an electronic quotation board displaying the Nikkei Stock Average on the Tokyo Stock Exchange in Tokyo on June 15, 2026. (Kazuhiro NOGI / AFP)
June 15, 2026, 12:09 pm
Oil prices fall and stocks soar with announcement of framework for Iran deal
After repeated false starts, investors are betting that this time the war might end, leading to the flow of oil and gas supplies: ‘The reopening of Hormuz is a relief valve’
By AP
Load More

Sign in or Join The Times of Israel Community

Sign in or Register

Paying ToI Community members are invited to comment on articles
Please use the following structure: example@domain.com
Or Continue with
By joining you agree to the terms and conditions
Register to continue
Or Continue with
Log in to continue
Sign in or Join The Times of Israel Community
Sign in or Register
Only ToI Community members can comment below articles
Forgot your password? / Send me a login link
Or Continue with
check your email
Check your email
We sent an email to you at .
It has a link that will sign you in.
Join The Times of Israel Community
Commenting is available for paying members of The Times of Israel Community only. Please join our Community to comment and enjoy other Community benefits.
Please use the following structure: example@domain.com
Confirm Mail
Thank you! Now check your email
You are now a member of The Times of Israel Community! We sent you an email with a login link to . Once you're set up, you can start enjoying Community benefits and commenting.
Back to top
Never miss breaking news on Israel
Get notifications to stay updated
You're subscribed
image
Register for free
and continue reading
Registering allows you to manage your newsletters and alerts and helps us improve your experience. It takes just a few seconds.
Already registered? Enter your email to sign in.
Please use the following structure: example@domain.com
Or Continue with
By registering you agree to the terms and conditions. Once registered, you’ll receive our Daily Edition email for free.
Register to continue
Or Continue with
Log in to continue
Sign in or Register
I forgot my password / Send me a sign in link
Or Continue with
check your email
Check your email
We sent an email to you at .
It has a link that will sign you in.