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Israel Rejects $35B Gas Deal, Strains US-Egypt Relations

10/31/2025

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Summary

Story summary

Israeli Energy Minister Eli Cohen refused to sign a $35 billion gas deal with Egypt, prompting the cancellation of U.S. Energy Secretary Chris Wright's visit.
Cohen's office says U.S. officials pressured approval, but Cohen will secure Israeli interests and a fair price first.
The move halts progress on what would be Israel's largest gas export deal.
The decision risks straining relations with the United States and Egypt amid ceasefire negotiations.

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Story summary

Israeli Energy Minister Eli Cohen refused to sign a $35 billion gas deal with Egypt, prompting the cancellation of U.S. Energy Secretary Chris Wright's visit.
Cohen's office says U.S. officials pressured approval, but Cohen will secure Israeli interests and a fair price first.
The move halts progress on what would be Israel's largest gas export deal.
The decision risks straining relations with the United States and Egypt amid ceasefire negotiations.