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Israel weathers energy shock from Iran war even as world battles crisis
March 31, 2026
Al-Monitor
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Iran's chokehold on the Strait of Hormuz has thrown the global economic system into turmoil, yet Israel, which launched attacks on Tehran alongside the United States, has emerged as a rare exception.Since Israel and its US ally started the Middle East war on February 28, economies from Asia to Europe and the United States have come under pressure from surging oil and natural gas prices that have driven up fuel and electricity costs.
Al-Monitor
Coverage and analysis from United States of America. All insights are generated by our AI narrative analysis engine.
United States of America
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