The shekel has surged to its highest level against the dollar in four years, prompting concerns among exporters and industrial manufacturers about the potential negative impact on Israel's export-driven economy. Industry representatives have warned that if the exchange rate continues to fall, it could severely harm exports and are calling on the Bank of Israel to take action.

In a related development, the Energy Ministry announced a significant and unexpected reduction in gas prices. Starting Wednesday at midnight, the maximum price for a liter of 95-octane unleaded gasoline at self-service stations will drop by 26 agorot to 6.85 shekels, while the surcharge for full-service remains unchanged.