Economy

Renewed Middle East tensions send Brent Crude above $100

Brent crude tops $100 as renewed U.S.-Iran tensions disrupt the Strait of Hormuz, fueling inflation fears and putting fresh pressure on global markets.

 Model of petrol pump is seen in front of US and Iran flag colors in this illustration.
Howard Lutnick

No. 8: Howard Lutnick: US Secretary of Commerce, and Trump’s tariff dealmaker-in-chief

The Israeli and Chinese flags fly beside the portrait of Mao Zedong at Tiananmen Gate in Beijing on May 8, 2013.

Mao Zedong, Israel and the road not taken - 50 years after leader’s death

ON THE front line of the cyber war, Israel has become one of the world’s most targeted countries for cyberattacks, with state-backed hackers increasingly using AI to probe government networks, companies, and critical infrastructure.

Israel ranks third worldwide in AI commercialization as economy grows 3.2% ahead of Rosh Hashanah


Basketball association to return half a million shekels to clubs

Management approved Amos Frishman's initiative. Every club will be credited for registered players, with funds transferred in coming weeks.

Chairman of the Israel Basketball Association, Amos Frishman.

Trump says he will grant a $5,000 dividend to all Americans if Republicans win midterms

Trump further said he would rename the Strait of Hormuz the "Trump Strait."

US President Donald Trump speaks during the Republican National Midterm Convention at the American Airlines Center in Dallas, Texas on September 9, 2026.

On the way to an Israeli AI crisis: Avi Simhon’s unusual warning

National Economic Council head Avi Simhon slammed power grid regulators for blocking data centers, assuring no energy shortages will occur by 2031.

Avi Simhon.

Dwindling oil revenue is driving Iran into deeper economic crisis - report

The US's continued efforts to choke Iran's economy appear to be working, although questions over whether financial pressure will suffice for Tehran to concede the Washington's demands remain.

An Iranian woman shops in a store in Tehran, Iran, April 28, 2026.

Small-scale protests break out in Iran over cost of living

Retired educators, telecommunications workers, and job seekers also reportedly demonstrated on Sunday in Tehran, Ahvaz, Shush, Kermanshah, Dezful, and Rasht.

Cars burn in a street during a protest over the collapse of the currency's value, in Tehran, Iran, January 8, 2026.

‘Al-Aqsa, be patient’: Chants against ‘Zionist scum’ heard at Damascus International Fair - report

The fair ran under the theme “Syria Shines Again,” SANA reported, claiming nearly 1,000 participating entities, representing approximately 60 countries, joined.

Artists perform on stage during the opening ceremony of the Damascus International Fair in Damascus, Syria, August 26, 2026.

After the surge, comes the drop: Average wage in Israel plunges by nearly NIS 1,000

Following June's record high, CBS data for July shows a sharp decline to NIS 14,241, while the number of salaried jobs continues to climb.

Average salary drops to NIS 14,241.

Former NSC adviser explains why Iran could face internal upheaval within months - interview

Former NSC chief Jacob Nagel said six to nine months of economic pressure could push Iranians back into the streets, while warning Tehran still has the ability to retaliate.

Jacob Nagel, national security adviser in the Israeli prime minister's office attends a Defense and Foreign Affairs Committee meeting at the Knesset, on March 8, 2017.

US sanctions Turkish bank, two subsidiaries in bid to increase economic pressure on Iran

The sanctions put the financial entities on the US Treasury's OFAC Specially Designated Nationals list as part of US President Donald Trump's campaign to increase economic pressure on Tehran.

A general view of the Treasury Building on day two of a partial government shutdown in Washington, DC, US, February 1, 2026.

'Taxes will need to be raised': Bank of Israel Governor's bad news following rate cut

Bank of Israel Governor warns taxes must rise after rate cut; market reacts with gains on Tel Aviv Stock Exchange while business sector backs decision.

Amir Yaron, Governor of the Bank of Israel.