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Israel/Lebanon Conflict Risks Drawing in Iran: RBC
Ratcheting tensions between Israel and Lebanon risk escalating the Middle East conflict by drawing Iran into direct confrontation according to RBC’s Head of Commodity Research Helima Croft in a CNBC interview.
- Croft warned that once Israel finishes its Rafah operations in the coming weeks, it risks turning its attentions to the northern border and attacking Hezbollah in Lebanon.
- “Does the Netanyahu government decide they want to create a buffer zone in southern Lebanon?” Croft said.
- Croft warns that Iran may do more to support Hezbollah than they have done for Hamas and the Houthi’s as it is a more important group for them.
- “We have not derisked the Red Sea at a time where we are looking at the situation in Lebanon,” Croft added.
- “The pathway to Iran joining this war, leads through Lebanon,” Croft said, concluding, “Mid-July might be the point where we know where this is heading.”
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.