https://www.engineeringnews.co.za

Receive our free daily newsletter:

Israel

Israel is a country in the Middle East, located on the eastern shore of the Mediterranean Sea, bordered by Lebanon to the north, Syria to the north-east, Jordan to the east, Egypt to the south-west and the Palestinian territories. The capital is Jerusalem, though Tel Aviv serves as the country's economic and financial centre. Israel has a population of about nine-million people and operates as a parliamentary democracy. The economy is advanced and diversified, with key sectors including technology, pharmaceuticals, defence manufacturing, agriculture and diamond processing. Israel is a global leader in high-technology industries, particularly cybersecurity, software development and medical devices, earning it the nickname "Startup Nation". The currency is the new Israeli shekel. Major exports include cut diamonds, pharmaceuticals, machinery, chemicals and technology products. Israel is a member of the United Nations and the Organisation for Economic Co-operation and Development. Geopolitical tensions in the region, particularly involving Iran and Palestinian territories, periodically affect investor sentiment and economic stability. The country was established in 1948 and has since developed one of the most technologically sophisticated economies in the Middle East.

Latest Articles in 60 Seconds

US-Iran peace deal reopens Strait of Hormuz, oil prices fall

US President Donald Trump and Iranian President Masoud Pezeshkian digitally signed a 14-point interim agreement on June 18 to end their war and reopen the Strait of Hormuz, which had been closed for more than three months. Oil prices fell to three-month lows as tankers carrying about 85-million to 93-million barrels of stranded crude began moving through the strait, with analysts expecting further pressure on Middle East crude markets and a gradual recovery in traffic over four to six months.

Israel continues Lebanon operations despite ceasefire

Israeli Defence Minister Israel Katz says the military will remain in security zones in Lebanon, Syria and Gaza indefinitely to protect the border and Israeli settlements, raising questions about whether the US-Iran peace agreement will hold. The fate of Iran's nuclear programme will be addressed in later talks during a 60-day ceasefire period, while E4 nations including the UK, France, Germany and Italy have said they are prepared to lift sanctions on Iran in response to steps on its nuclear programme.

Israel Updates


Vessels in the Strait of Hormuz
Oil extends decline on rising Middle East supply
25th June 2026 By: Reuters

Oil prices extended their decline on Thursday to near levels last seen before the start of the Iran war, as expectations of rising supply from the Middle East outweighed demand concerns.... 


Coal processing plant in Russia
India pivots to Russian crude and coal to mitigate Iran war fallout
23rd June 2026 By: Reuters

India has swung to buying Russian crude oil and coal to bolster its energy supplies after flows were disrupted and prices rose during the Iran conflict. The world's third-largest oil importer is... 


Strait of Hormuz
Oil falls as supply starts moving through Strait of Hormuz
19th June 2026 By: Reuters

Oil prices fell on Friday on the prospect of more supply returning to the market after oil tankers began to move through the Strait of Hormuz following the signing of the US-Iran interim peace... 


An oil tanker at sea
Hormuz reopening to release wave of oil supply, depress prices
18th June 2026 By: Reuters

Middle Eastern crude oil markets could come under further pressure if the Strait of Hormuz reopens on Friday following the US-Iran interim deal, releasing-millions of barrels of oil stranded in the... 


Crude oil
Oil hits 3-month low as US, Iran reach peace deal to reopen Strait of Hormuz
15th June 2026 By: Reuters

Oil prices slipped to a three-month low on Monday after US President Donald Trump and Iran's deputy foreign minister said they had reached an initial deal to end the war and to resume traffic... 


Britain’s costly Rwanda misadventure
12th June 2026 By: Martin Zhuwakinyu

In the annals of public procurement, few projects rival one that cost £290-million, resulted in the relocation of just four unwanted immigrants to a faraway country and survived three Prime... 


Rand currency
South Africa posts largest current-account surplus since 2022
11th June 2026 By: Bloomberg

South Africa posted its largest current-account surplus in four years in the first quarter as the value of gold exports surged and imports dropped. The balance on the current account — the broadest... 


Iron-ore in rail wagons
Iron-ore remains unaffected by Iran war, but China's May data baffles
11th June 2026 By: Reuters

Iron-ore is the one major commodity that is sailing unaffected through the storm created by the US/Israeli war on Iran, but the relative calm masks shifting dynamics for the key steel raw... 


3D printed oil barrels and a percentage symbol
Oil prices climb more than $4 after Israeli strikes on Iran, Lebanon
8th June 2026 By: Reuters

Oil prices jumped more than $4 on Monday, with investors spooked by fresh Israeli strikes on Iran as well as renewed attacks on Lebanon a day earlier. Brent crude futures rose $4.42 or 4.47% to... 


US Secretary of State Marco Rubio
Hostilities flare in Iran war, oil jumps with talks at a stalemate
3rd June 2026 By: Reuters

Gulf hostilities flared again on Wednesday, with an Iranian missile attack damaging Kuwait's airport and the US military carrying out strikes near the Strait of Hormuz, as diplomacy between... 


Photo of Terence Creamer
Big and small pictures
29th May 2026 By: Terence Creamer

Much has been written in recent weeks about the geopolitical factors now driving the energy transition. Particular attention has been given to how the attack on Iran by the US and Israel, which... 


Reserve Bank Governor Lesetja Kganyago
South African central bank raises key rate by 25 basis points
28th May 2026 By: Reuters

South Africa's central bank raised its key interest rate by 25 basis points to 7% on Thursday, saying the decision was aimed at managing risks and ensuring that inflation returns to target. The... 


Talga coal mine
Chinese firms speed up plans to build new coal power plants - GEM
25th May 2026 By: Reuters

Chinese firms are accelerating the pace at which they propose new coal-fired power plants, even as the government moves to rein in growth after the rapid expansion in recent years. Companies... 


Consumer
South Africa consumer inflation quickens to 4.0% y/y in April
20th May 2026 By: Reuters

South African inflation accelerated sharply in April, increasing the likelihood that the central bank will hike interest rates when it meets to assess its monetary policy stance next week. Headline... 


Valterra Platinum CEO Craig Miller
Valterra Platinum says input inventories are healthy despite Middle East conflict
19th May 2026 By: Reuters

South Africa's Valterra Platinum has managed to maintain healthy inventory levels of critical operational inputs, such as diesel and lubricants, despite uncertainty created by the US-Israeli war on... 


IEA executive director Fatih Birol
IEA chief warns commercial oil inventories are depleting rapidly, only weeks left
18th May 2026 By: Reuters

Fatih Birol, head of the International Energy Agency, said on Monday that commercial oil inventories were depleting rapidly with only a few weeks' worth left due to the Iran war and the closure of... 


A pumpjack in Texas, in the US
Oil touches two-week high after drone attack on UAE nuclear power plant
18th May 2026 By: Reuters

Oil prices extended gains on Monday as efforts to end the Iran war appeared to have stalled, after a nuclear power plant in the United Arab Emirates came under attack and as US President Donald... 


Photo of Terence Creamer
Don’t waste the crisis
15th May 2026 By: Terence Creamer

South Africa is experiencing its third energy crisis of this decade. While electricity loadshedding has been a threat for far longer, the most extreme phase was definitely during 2022 and 2023,... 


SA's unemployment rate rose to 32.7%
SA's unemployment rate rose to 32.7%
15th May 2026

In the first quarter of 2026, South Africa’s unemployment rate rose to 32.7% from 31.4% in Q4 of 2025, according to data from Statistics South Africa. 


Coins
Goldman now sees two 2026 South Africa rate hikes because of war
14th May 2026 By: Bloomberg

Goldman Sachs expects South Africa to raise interest rates twice this year after previously seeing a series of cuts, as the Iran war fans inflation risks around the world. The bank forecasts... 


1
2 3

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

pqt: 0.109s - ct: 0.168s - 290pq - 2rq
Subscribe Now