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March 21st - International crude oil prices continue to fluctuate at high levels, and the cost pressure on airlines is being rapidly passed on to customers. Recently, several domestic airlines have raised fuel surcharges on international routes, with increases generally exceeding 50%, and some routes even doubling. Although the domestic market is still in the traditional off-season after the holidays, with the expectation of further fuel surcharge increases continuing to strengthen, many consumers are starting to book tickets for travel two weeks or even a month in advance, attempting to lock in relatively lower travel costs at present.March 21 – According to the U.S. Treasury Department, the United States approved a 30-day authorization on March 20 to conditionally ease sanctions on Iranian oil products, allowing the delivery and sale of Iranian crude oil and petroleum products already shipped as of March 20. U.S. Treasury Secretary Bessenter stated that the Treasury Department is issuing a “narrow, short-term authorization” allowing the sale of Iranian oil currently stranded at sea. By temporarily releasing existing oil supplies, the U.S. will quickly provide approximately 140 million barrels of oil to the global market. The temporary, short-term authorization is strictly limited to oil already en route.On March 21, local time, Iranian Oil Ministry spokesman Saman Godoosi stated via his personal social media account on the evening of March 20 that Iran currently has virtually no remaining crude oil stranded at sea, nor any surplus crude oil to supply other international markets. The statement by US Treasury Secretary Bessenter was purely intended to create hope for buyers, provide psychological reassurance, and manipulate market sentiment. On March 19, local time, US Treasury Secretary Bessenter stated that the US had allowed Iranian oil to continue being transported through the Gulf region, and that the US might lift sanctions on Iranian oil at sea in the coming days. Bessenter said the US had begun lifting sanctions on approximately 130 million barrels of Russian oil already shipped or stored at sea, and might take similar measures on approximately 140 million barrels of Iranian oil already shipped or stored at sea.US President Trump: We moved up our strikes against Iran by several weeks.US President Trump: (Regarding oil prices) I thought it would be worse than it is now.

At market close, Israeli equities dropped; the TA 35 index declined 0.64 percent

Aria Thomas

Jul 05, 2022 11:10


The Israel stock market declined on Monday evening, with losses in the Banking, Insurance, and Financials sectors leading the slide.


At the market's close in Tel Aviv, the TA 35 fell 0.64 percent.


During the session, Energix (TASE:ENRG) had the best performance on the TA 35, collecting 5.27 percent of 61.00 points to end at 1,218.00. Strauss Group (TASE:STRS) jumped 2.07 percent, or 180 points, to $8,859.00 at the conclusion of trade, while Azrieli Group Ltd (TASE:AZRG) advanced 1.08 percent, or 270 points, to $25,300.00 in late trading.


Israel Corp (TASE:ILCO) ended the day with the worst performance, sliding 3.96 percent, or 6,240.00 points, to 151,260.00. ICL Israel Chemicals Ltd (TASE:ICL) closed the day at 3,097.00, down 3.07 percent, or 98.00 points, while Kenon Holdings Ltd (TASE:KEN) down 2.28 percent, or 310.00 points, to 13,310.00.


On the Tel Aviv Stock Exchange, decreasing stocks outnumbered rising stocks by a ratio of 276 to 201, with 39 remaining unchanged.


The August delivery price per barrel of crude oil increased 1.82 percent, or $1.97, to $110.40. Brent oil for September delivery rose 1.75 percent, or $1.95, to $113.58 per barrel, while the August Gold Futures contract rose 0.28 percent, or $5.00, to $1,802.50 per troy ounce.


The USD/ILS exchange rate fell 0.60 percent to 3.50, while the EUR/ILS exchange rate fell 0.64 percent to 3.65.


The US Dollar Index Futures climbed 0.07 percent to 104.98.