Galit Altstein

1 week ago | bloomberg.com | Galit Altstein

The Leviathan natural gas field in the Mediterranean Sea. (Bloomberg) -- Egypt started to receive small quantities of natural gas from Israel, ending a six-day halt in supplies, according to people familiar with the matter. Israel shut down two of its three gas fields on June 13 as a precautionary measure as the country exchanged missile fire with Iran. The closures halted flows to Egypt and Jordan, which in turn cut off supplies to several industries to prioritize power generation.

1 week ago | bloomberg.com | Galit Altstein |Rakteem Katakey |Anna Shiryaevskaya

A gas-fired power plant near the River Nile in Cairo. (Bloomberg) -- Israel may resume some natural gas exports to Egypt and Jordan as early as Thursday, though any initial volumes will be small, Energy Minister Eli Cohen said. Israel shut down production at its biggest gas field Leviathan on June 13 after it launched airstrikes against Iran, stopping supplies to import-dependent Egypt, which in response reduced flows to several of its industries.

1 week ago | bloomberg.com | Galit Altstein |Srinivasan Sivabalan

A man counts Israeli shekel banknotes. (Bloomberg) -- Options traders are bracing for the Israeli shekel to experience wilder moves than at any time since the start of the Gaza war in 2023 — a hedge against any breakdown in the resilience it’s so far shown against the nation’s multiple ongoing conflicts.

1 week ago | japantimes.co.jp | Galit Altstein

As Iran fires masses of ballistic missiles, Israel’s vaunted air defenses are being tested like never before. Iran launched around 200 such missiles at Israel on Friday night — in retaliation for a wave of Israeli strikes that day — and 70 or so on Saturday evening, according to the Israel Defense Forces. More came on Sunday and Monday. In total, Tehran’s sent 370 ballistic missiles toward Israel, with around 30 hitting targets in the country, the Israeli government says.

1 week ago | kdhnews.com | Josh Wingrove |Stephanie Lai |Arsalan Shahla |Galit Altstein

President Donald Trump called for the evacuation of Iran's capital Tehran on Monday, hours after he urged the country's leadership to sign a deal to limit its nuclear program and Israel signaled strikes would continue. It wasn't clear if Trump knew of a fresh round of attacks Israel may have planned for the city, which has a population of more than 9 million people. Israel had earlier warned one Tehran neighborhood to evacuate and video showed massive traffic jams as people sought to escape.