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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.
ISRAEL
Israeli PM Yair Lapid has released a statement confirming that a deal with Lebanon has been reached regarding the disputed maritime line between the two nations (see 0956BST energy bullet).
- The deal would according to Middle East Monitor "...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."
- One potential obstacle is the upcoming Israeli legislative election taking place on 1 November. If the deal requires the approval of the Knesset, it will have to wait until after the election. In the event the opposition Likud-led coalition under former PM Benjamin Netanyahu comes to power, there is no guarantee the new gov't will approve the deal.
- Moreover, the deal is in no way a peace agreement between Israel and Lebanon. The two countries officially remain at war (as has been the case since Israel's creation in 1948), and the risk of rocket and drone attacks from Hezbollah into Israeli territory remains high.
Map of Disputed East Mediterranean Waters
Source: AFP, Lebanese Armed Forces
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.
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