Israel and Lebanon Agreed to ‘Historic Agreement’ on the Maritime Dispute

Israel and Lebanon Agreed to ‘Historic Agreement’ on the Maritime Dispute

• Lebanon and Israel have reached a “historic” deal to end a long-running maritime border dispute in the gas-rich Mediterranean Sea, according to negotiators from the two countries. Lebanon’s deputy speaker Elias Bou Saab said, after submitting the United States-brokered final draft of the deal to President Michel Aoun, that an agreement had been reached that satisfies both sides.
• While limited in scope, an agreement may ease security and economic concerns between the two countries. The deal would resolve a territorial dispute in the eastern tip of the Mediterranean Sea in an area where Lebanon aims to explore for natural gas, and near waters where Israel has already found commercially viable quantities of hydrocarbons.

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Published date : 14 Oct 2022 05:36PM