Israel's inflation could jump to 3% if Iran talks derail, expert warns

Economists warn that if Iran doesn’t seal a deal within the five‑day pause, Israel’s inflation could rise from about 1.7% to 2.5–3%, driven by higher oil prices that lift fuel costs and ripple through the economy. Golomb notes oil moves hinge on conflict outcomes: a Venezuela‑like resolution could pull prices down, while escalation that disrupts oil infrastructure could trigger further inflation. The analysis underscores oil’s outsized role in the regional economy and the challenge of transitioning to renewables amid volatile energy prices.