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As foreign investors warn over Israel’s future, ratings firm accused of anti-Israel bias says it’s not worried — for now
(JTA) — As much of the financial world increasingly eyes political developments in Israel with concern, a company that specializes in assessing investments based on social responsibility criteria made a special announcement Wednesday in which it declared Israel “a low-risk country.”
That designation is both a signal to investors that they are unlikely to get entangled in human rights abuses or other scandals if they put their money in Israel, and a reassurance intended for pro-Israel advocates who have accused the company of bias against Israel.
The announcement from the multibillion-dollar Chicago-based financial research firm Morningstar is the latest entry in a debate about how companies around the world should regard the Israeli-Palestinian conflict. One side says that Israel should be treated as regular Western democracy and the other says that Israel’s treatment of the Palestinians should put the country in the class of authoritarian regimes.
But another debate about Israel’s investment worthiness has emerged in recent months following the election of a new Israeli government led by Benjamin Netanyahu, whose slim parliamentary majority relies on the support of parties with far-right platforms.
Netanyahu, who is on trial for corruption, has vowed to overhaul Israel’s judicial system and rein in the independence of the courts. Many financial analysts consider a weakened judiciary a red flag for investors.
Sarah Wirth, a spokesperson for Morningstar, said that its analysis designating Israel a low-risk country does not yet account for recent developments in Israel.
“Some of the changes developing in Israel may impact their Country Risk Rating once we incorporate them into our analysis,” Wirth wrote in an email to the Jewish Telegraphic Agency in reference to the judicial reform plan.
The latest warning about Israel’s place in the global economy emerged Friday with the leak of an internal report written by JPMorgan, one of the largest banks in the world.
The report compared Israel to Poland, which passed a similar judicial reform in 2016 and saw a downgrade to its credit rating, which was a major blow because national credit ratings can either attract or drive away investments from abroad.
JPMorgan analysts wrote that Israel’s credit rating still “stands comfortably in the investment grade bucket” but that Netanyahu’s plan could cause it to go down.
The report adds to a warning by another Wall Street giant, Goldman Sachs, which said last week that the Israeli shekel could be affected by “growing concern over domestic political developments.”
“The five most recent elections over the past three-year period have had typically limited read-through to financial markets,” Goldman Sachs economist Tadas Gedminas wrote in a report. “This is not to say that the current situation could not have a more meaningful impact this time around, and we will closely monitor ongoing developments.”
Netanyahu has rejected criticism of his judicial plan by saying that the proposed reforms are being misrepresented by his critics and that they would merely bring Israel’s courts in line with courts in other Western countries. The plan would limit the ability of the Supreme Court to rule laws and government actions as unconstitutional, give the government control over the appointments of new judges and end the independence of the position of legal advisor across various government offices, among other measures.
Netanyahu has also said that regardless of the warnings by analysts, international investors are excited about Israel and eager to acquire equity in Israeli companies. His latest pronouncement came from France where he said he met with 60 local business leaders.
“What they’re saying about investors running away is nonsense,” Netanyahu said. “We want to increase our investments in Israel.”
Some of Israel’s own business leaders are concerned enough about the country’s direction that they are choosing to decamp. The CEO of tech company Verbit, which was valued at $2 billion in 2021, announced Tuesday that he would leave the country to avoid paying millions in taxes as a protest of the judicial overhaul plan.
“Over the past few years, I’ve paid tens of millions of dollars in taxes and my company has paid hundreds of millions in taxes,” Verbit CEO Tom Livne said on Israel’s Channel 12. He encouraged others in Israel’s vaunted tech sector to do the same.
Livne’s announcement comes about a week after two Israeli tech firms, including one that was valued at $3.7 billion in 2021, said they would withdraw assets from Israel for the same reason.
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Iran Promises ‘Crushing’ Attacks Against the US and Israel
Symbolic mock-ups of Iranian missiles are displayed on a street, amid the U.S.-Israeli conflict with Iran, in Tehran, Iran, March 22, 2026. Photo: Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
i24 News – Iran has issued a stark warning of “crushing” retaliatory attacks against the United States and Israel following threats from US President Donald Trump to escalate military operations in the coming weeks.
In a statement aired on Iranian state television, the Khatam al-Anbiya operational command said, “this war will continue until your humiliation, your disgrace, your permanent and certain regret, and your surrender,” framing the conflict as a long-term confrontation and invoking “trust in Almighty God.”
Iranian officials further warned that future operations would be “more crushing, broader, and more destructive,” signaling the potential expansion of the conflict across multiple fronts amid ongoing missile and drone exchanges in the region.
The escalation comes after Trump publicly suggested intensifying strikes on Iran, saying operations would continue until “the job is finished” and claiming significant military gains against Iranian strategic capabilities. As tensions rise, both sides appear to be hardening their positions, increasing fears of a wider regional confrontation.
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Trump Speech Unleashes More Pain on US Consumers with $5 Gasoline, Record Diesel in Sight
US President Donald Trump arrives to award the medal of honor to Master Sgt. Roderick ‘Roddie’ W. Edmonds, Staff Sgt. Michael H. Ollis, and retired Command Sgt. Maj. Terry P. Richardson during a ceremony in the East Room of the White House in Washington, DC, USA, 02 March 2026.
US President Donald Trump’s address to the nation on Wednesday, in which he vowed more aggressive strikes on Iran, has put consumers on course for record fuel prices at the pumps just ahead of the country’s peak summer travel season, market experts said.
Americans expected Trump’s speech to outline a plan to end the Iran war and reopen the Strait of Hormuz, as Iran’s blockade of the global oil conduit has sent oil and fuel prices skyrocketing, pinching consumers’ wallets. But instead, Trump vowed to bomb Iran back into the “Stone Ages” and said the strait would just open “naturally” when the war ends.
The comments sent US crude oil prices surging more than 10 percent on Thursday, and US average retail gasoline prices are now set to climb to between $4.25 and $4.45 a gallon by next week after crossing $4 a gallon for the first time since 2022 at the start of this week, said Patrick De Haan.
The pain could worsen. If there is no viable plan to reopen the Strait of Hormuz, the US average price of gasoline will likely cross $5 a gallon and hit record levels within a month, De Haan said.
Wholesale markets had begun moving higher on Thursday, with midmorning increases of 17 cents a gallon in the Great Lakes, Great Plains, Northeast and West Coast markets, and a 19-cent-a gallon hike in the Gulf Coast, said Tom Kloza, chief energy adviser to Gulf Oil on social media.
Meanwhile, diesel prices, less visible to consumers but arguably more impactful as they are directly tied to the cost of making and moving goods, could hit a record high within two weeks, De Haan said.
The national average retail diesel price is set to climb from $5.47 a gallon on Thursday to between $5.80 and over $6 a gallon within the next two weeks, De Haan said. The record US average retail price was $5.83 a gallon in 2022.
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Britain Says 40 Countries Discuss Reopening Strait of Hormuz After Iran Blockade
A map showing the Strait of Hormuz is seen in this illustration taken June 22, 2025. Photo: REUTERS/Dado Ruvic/Illustration
About 40 countries are discussing joint action to reopen the Strait of Hormuz to stop Iran holding “the global economy hostage,” Britain said on Thursday, after US President Donald Trump said securing the waterway was for others to resolve.
British foreign minister Yvette Cooper said Iran’s “recklessness” in blockading the waterway was “hitting our global economic security” as she chaired the virtual meeting, which included France, Germany, Canada, the United Arab Emirates and India.
“We have seen Iran hijack an international shipping route to hold the global economy hostage,” Cooper said in opening remarks broadcast to the media before the rest of the meeting took place behind closed doors.
The United States did not attend the talks, one official said. The discussions, involving representatives of some 40 countries, took place after Trump said on Wednesday evening that the Strait could open “naturally” and it was the responsibility of countries that rely on the waterway to ensure it was open.
FOCUS ON DIPLOMATIC AND MILITARY OPTIONS
Iran has effectively shut down the key waterway, which carries about a fifth of the world’s total oil consumption, in retaliation for US-Israeli strikes which began in late February. Reopening it has become a priority for governments around the world as energy prices soar.
European countries initially refused Trump’s demand to send their navies to the area because of fears about being dragged into the conflict.
But concerns about the impact of the rising cost of energy on the global economy have prompted them to try to form a coalition to see how they can defend their own interests.
European diplomats said putting the coalition together was at an early stage, with Britain and France leading.
Officials said the discussions on Thursday would focus on which countries were prepared to participate.
France’s Armed Forces spokesperson Guillaume Vernet told a news conference on Thursday that the process would be multi-phased and could not happen until hostilities had calmed or ended.
A key focus of the talks would be how to ensure ship-owners could feel confident enough for vessels to resume traveling through the area and to bring down insurance premiums.
There would also eventually need to be coordination with Iran to ensure that there will be security guarantees for ships, Vernet said, something that is unlikely for now.
Talks had also started on what military assets could be provided, he said.
“We will need to assemble a sufficient number of vessels and have coordination capabilities in the air, at sea, as well as the ability to share intelligence,” he said.
Britain said it would host a meeting of military planners for talks next week.
Trump said on Wednesday evening that other countries that use the Strait of Hormuz should “build up some delayed courage” and “just grab it.”
“Just take it, protect it, use it for yourselves,” he said.
But France’s President Emmanuel Macron speaking in South Korea on Thursday said seizing the Strait militarily was an “unrealistic” option.
“It would take an indefinite amount of time, and it would expose all those who venture through this Strait to coastal risks from the Revolutionary Guards, as well as ballistic missiles,” he said.