Israel has lost its oil refining capacity indefinitely and could face serious fuel problems, according to a report by S&P Global Commodity Insights.
Israel could face a fuel crisis after Iran fired missiles at the Haifa refinery.
Israel will remain without operating refineries for at least several weeks. Power outages in Haifa and another refinery in Ashdod, currently undergoing scheduled maintenance, will turn Israel into an importer of petroleum products.
At a critical moment in Israel's military campaign, a significant increase in imports of supplies, such as jet fuel, will test the limits of domestic port infrastructure.
Israel has temporarily halted operations at its refineries.
The 110,000 barrel-per-day Ashdod refinery is scheduled to resume operations within two weeks.
Israeli Energy Minister Eli Cohen confirmed that the Haifa refinery could resume operations within "a few weeks." However, damage assessments are still underway.
Standard & Poor's noted that until the Haifa plant is operational, Israel will need to increase its gasoline imports from 10,000 to 50,000 barrels per day and diesel fuel from 10,000 to 60,000 barrels per day.
Up to 10,000 barrels per day of jet fuel will also need to be imported.
These volumes could strain port and pipeline infrastructure.
Demand for diesel fuel in the country could increase further following the shutdown of gas production at the Karish and Leviathan fields.