Smotrich Reportedly to Cut Fuel Excise Tax

Finance Minister Bezalel Smotrich is reportedly expected to sign an order cutting Israel's excise tax on fuel, according to reports circulating in Israeli media. The move is aimed at offsetting rising fuel prices tied to disruptions surrounding tensions with Iran, with officials hoping to ease the burden on consumers amid regional instability. The tax reduction is reportedly targeted to take effect later this week, though final confirmation from the Finance Ministry has not yet been issued. If enacted, the cut would mark another step by Smotrich's ministry to shield Israeli households from economic fallout linked to the ongoing security situation. Further details on the scope and duration of the reduction are expected as the order moves toward formal signing.