How is Israel’s economy impacted by an increase in the price of oil?

Import of oil is a significant expense to the State of Israel, and changes in oil price have may cause implications on Israel's entire economy. In fact, one-dollar increase in the price of an oil barrel results an additional expense of 65 million dollars annually to the Israeli economy

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3.their economies remained dependent on outside powers.

4. drafted new economies

5. democracies have replaced dictatorships