Israeli officials hint at military action against Iran's nuclear program.
TL;DR
The shekel fell to its lowest level in years against the dollar, reaching NIS 3.73, after IDF Chief of Staff Herzi Halevi warned of a possible war with Iran. The shekel has been on a general downward trend since a hardline government took power in January, and the passage of the government's first budget for 2023 and 2024 is expected to further weaken the currency. A weaker shekel is expected to raise the price of imported goods and travel abroad while also pushing up prices at the gas pump.
- Shekel slumps 1.6% against dollar after IDF chief hints at war with Iran The Times of Israel
- Israel's defense chief warns Tehran against further nuclear development: 'We have the ability to hit Iran' Yahoo News
- Israeli national security chief: New Iranian nuclear facility not immune from attack The Associated Press
- In veiled threat to Iran, Gallant says air force preparing for ‘main goal’ The Times of Israel
- Top Israeli general says 'action' is on horizon over Iran nuclear work Yahoo News
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