Iran strikes and gas shutdown put Tel Aviv Stock Exchange TA-35 on edge — what to watch this week

Iran strikes and gas shutdown put Tel Aviv Stock Exchange TA-35 on edge — what to watch this week

Tel Aviv, March 1, 2026, 10:22 GMT+02 — Market’s closed.

  • TA-35 finished Friday up 0.65% at 4,128.36, while the broader TA-125 posted a 0.51% gain.
  • Following U.S.-Israel strikes on Iran, Israel temporarily shut down segments of its natural gas reservoirs.
  • Investors brace for Monday’s opening bell, oil prices on watch following the OPEC+ meeting, and Friday’s U.S. jobs data in focus.

Israel’s Energy Ministry has temporarily halted portions of the country’s natural gas output, following joint strikes by Israel and the U.S. on Iran. Early trading in Tel Aviv could feel the impact when markets open Monday. Chevron’s Leviathan offshore field is now offline, and Energean confirmed it has shut down its production vessel supplying multiple Israeli sites. Reuters

The first look follows the Tel Aviv Stock Exchange’s shift to a Monday-through-Friday trading week, with Sundays now dark and investors left to process weekend news before markets reopen. According to MSCI’s statement on the timetable tweak, TASE begins trading at 09:59 local time. MSCI

Macro desks are pointing to a spike in volatility for “risk assets” like equities and high-yield currencies once trading resumes. “The strike raises geopolitical risk premia as markets head into Monday’s open,” said OCBC strategist Christopher Wong. Over at Barclays, analysts cautioned that “Oil markets might have to face their worst fears on Monday.” Reuters

Tel Aviv’s TA-35 index climbed 0.65% to 4,128.36 on Friday, according to figures from Investing.com.

The TA-125 climbed 0.51% Friday, ending at 4,074.84, data from Trading Economics show. Trading Economics

The Friday bounce was driven by banks, financials, and insurers, while some energy and commodity-tied stocks struggled to keep up. Next Vision popped 4.71%, Nova climbed 2.66%, and Elbit Systems finished 2.52% higher. Not all names found traction: Ormat tumbled 4.43%, Newmed Energy lost 3.51%, and ICL slipped 3.08%, according to Investing.com data. Investing.com

Tel Aviv faces another squeeze from oil, both via inflation expectations and the broader energy sector. OPEC+ is set to gather on Sunday, and according to two sources familiar with the talks, a bigger-than-expected output hike for April is on the table, Reuters reports. Oil climbed to $73 a barrel on Friday, marking its highest level since July. Reuters

Risk sentiment was already shaky heading into the weekend, even before the strike headlines hit. Wall Street finished Friday in the red—S&P 500 slipped 0.43%, Nasdaq Composite dropped 0.92%, according to Reuters. That tone could easily bleed into Tel Aviv, especially through dual-listed shares and offshore flows. Reuters

Tel Aviv Stock Exchange Ltd will report its fourth-quarter and full-year 2025 numbers this Thursday, March 5, after the close, the company said. CEO Ittai Ben-Zeev and CFO Yehuda Ben Ezra are lined up to lead an English-language call at 8:30 p.m. local. PR Newswire

Still, JPMorgan warns there’s a larger risk beyond earnings. The bank points out the shekel’s typical snapback might not play out if the conflict drags on and Israel’s risk premium sticks around. “This would especially be the case if confrontation with Iran also triggers more intensive operations against Iran’s proxies,” analysts said. Reuters

After markets reopen on Monday, eyes shift to Friday’s U.S. jobs data for February, set for 8:30 a.m. ET—a report with the power to shake up global rate expectations instantly. In Tel Aviv, attention turns to bank stocks, growth shares, and any new updates on the conflict or clues about when gas output might resume. bls.gov

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