Record Fuel Prices BREAK American’s Back Due To Iran War; Israel Slashes Fuel Tax To Favor Citizens

By Oneindia News

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A sharp fuel-price divide is emerging as the Iran war continues to disrupt global energy markets. Israel is moving to ease gasoline costs after prices hit a record high, while American drivers face rising pump prices during the Labor Day weekend. Israeli Finance Minister Bezalel Smotrich ordered a half-shekel-per-litre cut in fuel excise tax for two months, lowering gasoline prices from 8.25 to 7.75 shekels per litre. Fuel taxes make up a significant share of Israel’s gasoline price, while global crude costs account for roughly one-third. The measures aim to shield Israeli consumers as conflict-driven fears pressure worldwide oil markets. #Israel #US #IranWar #FuelPrices #GasPrices #Oil #CrudeOil #EnergyCrisis #Gasoline #BezalelSmotrich #Economy #EnergyMarkets #MiddleEast #Geopolitics #WorldNews #oneindianews #oneindiaenglish #breakingnews #worldnews #englishnewslive #englishnews #latestnews #news -----------------------------------------------------------------------------------

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