How Israel’s coalition battle could send oil prices higher and hit your gas pump
As Eisenkot prepares to receive the mandate to form a government, Liberman seeks a 61-seat majority with Haredi support; Netanyahu calls for national unity, while disagreements over military conscription threaten to complicate negotiations
President Isaac Herzog announced on Sunday that Gadi Eisenkot will receive the mandate to form Israel’s next government after collecting 67 Knesset endorsements, versus Prime Minister Benjamin Netanyahu’s 46. Avigdor Liberman, leader of Yisrael Beiteinu, is demanding a 61‑seat coalition that includes the Haredi parties United Torah Judaism and Shas, rejecting a minority government. The dispute over mandatory military conscription for Haredi men threatens to stall negotiations, as Liberman warns that without full Haredi participation the coalition cannot reach the required majority. Netanyahu has called for national unity, urging all parties to set aside differences and support a unified front against external threats.
A 6% jump in Brent crude, seen in recent weeks, would raise gasoline prices by roughly 0.35 shekels per liter, adding about 150 shekels to an average household’s monthly fuel budget. That extra cost hits your wallet directly, squeezing disposable income for groceries and other essentials. If the government fails to form a stable coalition, the resulting policy uncertainty may keep prices elevated for months.
Since 2009, Israel has experienced five elections, each triggered by coalition breakdowns over security‑related legislation. The current dispute mirrors the 2021 impasse, when the same Haredi parties withdrew over draft exemption, causing the government to fall after just one year. Insiders say the Knesset’s 120 seats are now divided among 13 parties, making any coalition that commands a bare majority mathematically precarious. Analysts warn that the outcome will set the tone for the next two years of domestic policy and Israel’s diplomatic posture.
The next decisive moment will be the Knesset plenary vote on the coalition agreement scheduled for 22 November. If the vote passes, Eisenkot will be tasked with forming a government by early December, a deadline that could reshape the country’s fiscal calendar. A surprising twist is that the same day, the national electricity company announced a 1.5% tariff hike, citing rising fuel costs that have nothing to do with the political deadlock.
South Korea steps in as the surprise protector of the Strait of Hormuz, a move that could ripple through oil markets and everyday fuel prices.
The strike that could push gasoline prices up and shake energy markets — why a single Ukrainian raid matters for your wallet.
Show how the drone hit on Ozon’s warehouse could spike Russian online prices and move the ruble, turning a war‑zone incident into a market shock that affects everyday shoppers.
Frame it as ‘Putin’s data‑center scramble: how Russia’s 24‑hour capacity decree could jack up your cloud bills and move tech stocks.’
A hidden supply‑chain shock: how Bangladesh’s wage hike could raise your clothing price and move apparel stocks.
The EU’s scramble to protect its remaining oil refineries — and why that matters for your gas pump and energy‑sector investments.