There are a few reasons Israel is immune to the oil price:
The Israeli economy developed in the shadow of Arab boycotts and oil shortage. Pump prices has always been high and the economy developed in ways to not be hostage to the oil price. Israel's economy is mainly medium and high tech - high value, low weight items with generally low energy inputs. Mostly exported by internet or air, not sea - this is also why Houthi Red Sea blockade had immaterial impact on Israel.
Israel is now a net energy exporter. It has huge gas reserves and is a major gas exporter. It also has excellent solar energy potential.
Israel is small, so transport distances are short and the move to electric vehicles has been strong, making it even less reliant on oil than in the past. Electricity & gas in Israel is far cheaper than Europe.
There are a few reasons Israel is immune to the oil price:
The Israeli economy developed in the shadow of Arab boycotts and oil shortage. Pump prices has always been high and the economy developed in ways to not be hostage to the oil price. Israel's economy is mainly medium and high tech - high value, low weight items with generally low energy inputs. Mostly exported by internet or air, not sea - this is also why Houthi Red Sea blockade had immaterial impact on Israel.
Israel is now a net energy exporter. It has huge gas reserves and is a major gas exporter. It also has excellent solar energy potential.
Israel is small, so transport distances are short and the move to electric vehicles has been strong, making it even less reliant on oil than in the past. Electricity & gas in Israel is far cheaper than Europe.