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HISTORY: Israeli and Lebanese leaders signed on Thursday, October 27, a historic agreement negotiated by the United States on its maritime border.
This historic bilateral effort marks a diplomatic break with decades of hostility and paves the way for offshore energy exploration.
Lebanese President Michel Aoun signed a letter endorsing the agreement in Baabda, followed by Prime Minister Yair Lapid’s signature in Jerusalem.
At the start of a cabinet meeting, Lapid welcomed the decision.
“This is a diplomatic feat. It is not every day that an enemy country recognizes the State of Israel, in a written agreement, in full view of the foreign community. It is not every day that the United States and France provide us with security and economic promises for a deal. It’s also an economic success. “
Lebanese negotiator Elias Bou Saab said it ushered in a “new era” between the two sides, which are technically still at war.
The deal is a possible source of confrontation between Israel and the Iranian-backed Hezbollah group in Lebanon.
And it may simply ease Lebanon’s economic crisis.
Amos Hochstein, the U. S. envoy The U. S. government, which negotiated the negotiation, said it expects the agreement to hold, regardless of adjustments in the leadership of both countries.
“I and I really hope that this can be an economic turning point in Lebanon for a new era of continued investment and aid to revive the economy and ensure that, regardless of the arrangements, they are done in an open and transparent manner and ensuring that the benefits are felt directly through all the Lebanese people. “
On Wednesday, October 26, US President Joe Biden made the agreement a “historic breakthrough”.
An offshore energy discovery, even if it alone is enough to solve Lebanon’s deep economic unrest, would be a major victory.
This would provide much-needed hard currency and perhaps one day mitigate crippling power cuts.
While Lebanon and Israel have expressed satisfaction at having peacefully resolved a dispute, clients of a broader diplomatic breakthrough are moving away.
Aoun said in a statement that the deal “has no political dimensions or effects that contradict Lebanon’s foreign policy. “