Lebanon's economic woes may get the better of Hezbollah - Eyal Zisser

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by Eyal Zisser

For years, Beirut shied away from any talks with Israel, so as not to lend it even a semblance of recognition. Then came the economic crisis.

Direct talks between Israel and Lebanon are slated to begin next week over the maritime border between the two countries. Finagling an agreement will allow Lebanon to explore offshore gas fields, and potentially produce and sell gas, as Israel has long done.

Negotiations on the demarcation of the offshore border could have taken place a decade ago when large gas fields were discovered in the waters of the Mediterranean. But Lebanon dragged its feet and refused any contact with Israel, as part of the notion that the very existence of negotiations between the two countries constitutes some sort of legitimization of Israel's existence.

The Lebanese government was paralyzed by the fear of being accused of nothing short of treason lest it advances such an agreement with the Jewish state. This, of course, only hurt Lebanon as Israel forged ahead with offshore explorations in the fields clearly not close to a potential Lebanese border.

But since then, Lebanon has reached the brink of complete economic collapse, both over the harsh sanctions imposed by the United States on Hezbollah and its Iranian patron, the coronation crisis, and most recently, over the catastrophic explosion in the Port of Beirut.

The massive Aug. 4 blast left hundreds dead and caused damaged estimated $15 billion. In many ways, it was the final nail in the Lebanese economy's coffin.

With their back against the wall, Lebanon's government, where Hezbollah wields considerable power, gave in and agreed to hold negotiations with Israel, thus reluctantly giving it the recognitions they so feared in the past, ultimately admitting that the road to economic prosperity runs through talks with Israel.

The pressure is also clearly getting to Hezbollah. Israel's exposure of its missile depots in the heart of Beirut's residential areas dealt the Shiite terrorist group's image another blow and made it clear to everyone that it is leading Lebanon down the path of destruction.

If you believe Arab media reports, Syria may not be far behind. Despite the vigorous denials from Damascus, it is clear that given the chance, Syrian President Bashar Assad is more than willing to join the regional peace process of it gets his country out of the dire economic crisis it faces.

As it turns out, the economy is stronger than any defeat on the battlefield. The peace deals between Israel and the United Arab Emirates and Bahrain is not only a political or defense agreement but one based on economic interest – meaning these countries' desire to enjoy what Israeli technology has to offer their economies.

Lebanon isn't quite there yet but if a deal is reached and it, too, will begin harvesting natural gas it will further curtail Hezbollah's leeway. The Lebanese people will not forgive Hezbollah of it drags the country into war and endanger the gas field, which many hope would be a pipeline to economic relief.


Eyal Zisser

Source: https://www.gatestoneinstitute.org/

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