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submitted 2 months ago* (last edited 2 months ago) by rodent@lemmygrad.ml to c/worldnews@lemmygrad.ml

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[–] Marat@lemmygrad.ml 0 points 2 months ago (3 children)

Does Israel gain or lose from rising oil prices? Genuinely have no clue what their logistics supply chain is so :p

[–] Ronin_5@lemmygrad.ml 0 points 2 months ago

Net neutral. Though it imports its energy, its backer, the US is a net exporter and it will offset Israeli losses.

[–] rainpizza@lemmygrad.ml 0 points 2 months ago

As far as I can recall, Israel is not the one footing the bill but the whole West. Israel's existence depends on the West support.

With that context, a better question will be if the West can sustain themselves with oil prices over $120+ USD.

[–] freagle@lemmygrad.ml 0 points 2 months ago (1 children)

Israel is not a petrol state AFAIK, relying on imports for 99% of its consumption.

[–] Magnanimuzedong@lemmygrad.ml 0 points 2 months ago

Israel's not even a state, dude