GLOBES
by Ran Dagoni
March 16, 2015

The agreement guaranteeing Israel’s oil supplies in wartime was first signed in 1975. The US has not renewed a historic agreement under which it guaranteed a supply of oil to Israel in emergencies, that is, instances in which Israel might be cut off from its regular commercial sources of oil because of war or closure of sea lanes. The agreement expired in November 2014, and since then the US administration has done nothing to renew it, Washington sources told “Globes”. The sources said that it was not clear whether this was a deliberate step by the administration, stemming perhaps from renewed friction between Prime Minister Benjamin Netanyahu and the White House, or a matter of bureaucratic inertia in Washington. READ MORE