Despite oil market turmoil and Iran’s effective closure of the Strait of Hormuz, energy experts report that Israel currently faces no shortages of crude oil or petroleum products.

Amit Mor, CEO of Eco Energy and senior lecturer at Reichman University, confirmed Sunday that Israel maintains robust strategic and commercial reserves, aligned with International Energy Agency (IEA) recommendations to store at least three months’ worth of fuel.

However, consumers will soon feel the pinch at the pump.

Mor predicts government-controlled gasoline prices will rise by NIS 1 per liter ($1.21 per gallon) next month. In response, the Finance Ministry is reportedly considering a fuel tax reduction of NIS 0.5 per liter to prevent prices from crossing the NIS 8 per liter ($9.69 per gallon) threshold, a move aimed at tempering inflation.

Since the start of joint US-Israeli strikes on the Iranian regime on February 28, oil tanker activity near Israel has slowed significantly. Real-time data from the Marine Traffic shipping site shows minimal movement near the ports of Haifa, Ashdod, and Ashkelon.

In Eilat, the state-owned Europe Asia Pipeline Company terminal remains quiet following Houthi attacks in Yemen during the Gaza war.

In the northern city of Haifa, the Bazan........

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