Arab Press

بالشعب و للشعب
Sunday, Aug 09, 2026

Israel upbeat on draft Lebanese maritime demarcation deal, sees gas profit-sharing

Israel upbeat on draft Lebanese maritime demarcation deal, sees gas profit-sharing

Israel gave its preliminary nod on Sunday to a draft US-brokered deal demarcating a maritime border with Lebanon that may lead to profit-sharing in a disputed Mediterranean gas prospect.
Hoping to defuse one source of conflict between the enemy countries and prod them toward accommodation, US envoy Amos Hochstein last week submitted a new proposal that would pave the way for offshore energy exploration.

After years of stop-start shuttle diplomacy, agreement seems closer than ever. As Beirut mulls the 10-page draft - details of which have been kept under wraps - the Iran-backed Hezbollah called it “a very important step" on Saturday while Parliament Speaker Nabih Berri, a powerful Hezbollah ally, deemed it “positive.”

Israeli approval of the draft awaited legal review, Prime Minister Yair Lapid told his cabinet at its weekly session.

“But,” he said in televised remarks, “just as we insisted from day one, the proposal fully preserves Israel’s national security interests, as well as our economic interests.”

Lapid appeared to float an arrangement whereby gas would be produced by a company under a Lebanese license in the disputed Qana prospect, with Israel receiving a share of revenues.

“We have no opposition to an additional Lebanese gas field being developed, from which we would of course receive royalties due us,” he said. “Such a field would weaken Lebanese dependency on Iran, restrain Hezbollah band bring regional stability.”

The centrist Lapid heads a caretaker government ahead of a November 1 election. His challenger, conservative ex-Prime Minister Benjamin Netanyahu, has argued the Lebanese deal could benefit Hezbollah, and accused Lapid of evading parliamentary scrutiny.

Hinting he might overturn the deal if re-elected, Netanyahu tweeted on Sunday: “We will not be bound by this fait accompli.”

Gideon Saar, Lapid’s justice minister, acknowledged such deals would generally be brought before the Knesset. However, Saar told Kan radio, “there are exceptional cases where - and this requires the agreement of the justice minister - there is exemption from the mandatory submission.”

Hezbollah fought Israel in a 2006 war and remains hostile to Lebanon’s southern neighbor. But with the Lebanese economy in deepening distress, Hezbollah has pledged to abide by whatever Beirut agrees to in the indirect talks.

“We support the Lebanese position, so that we safeguard our right to demarcate our maritime borders and invest in our gas,” Lebanon’s National News Agency (NNA) quoted senior Hezbollah official Mohammad Raad as saying.
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
AI’s Next Bottleneck Is Power, Not Just Nvidia Chips
Joe Biden’s Cancer Has Spread Beyond His Bones, Hunter Biden Says
Why 2027 Could Be a Strong Year for Stocks—and Why the Forecast Is Fragile
Why Markets May Look Quiet in August After Big Tech Earnings
Trump’s Top General Seeks an Exit Strategy From Iran War, Report Says
UFO: Pentagon Releases Video of Unidentified Object Tracked Over Middle East
Ukraine Tells Senate Republicans Its Drone War Offers a Blueprint for America
Weight-Loss Drug Boom Tests the Limits of Prescription Advertising Rules
Saudi Arabia, Turkey and Pakistan Sign Mutual-Defence Pact
AI Is Remaking the US Economy, From GDP Growth to iPhone Prices
FIFA’s Retreat Leaves a Larger Question Over Who Guards the Game
Finland Deploys Commercial-Scale Thermal Batteries Using Crushed Rock to Store Renewable Grid Energy
Valued at $109 Million: F-35B Fighter Jet Crashes in Southern California
US Says It Has Carried Out Heavy Strikes on Iran After Attempted Attacks on Its Forces
Over 24 Hours in the Air: Qantas Airbus Completes Record-Breaking Test Flight
Arrest Warrant Issued in Lebanon for Tycoon Spotted Meeting Netanyahu in Washington
Trump says Israel ‘would not survive’ without US
Nvidia Reportedly Takes Vast Texas Data-Centre Lease to Underwrite AI Expansion
FIFA’s Private-Investment Plan for World Cup Rights Draws European Revolt
Following OpenAI's Cyberattack: 'Most Companies Still Do Not Understand What Is Coming'
OpenAI Sued After ChatGPT Allegedly Discouraged Emergency Care Before Near-Fatal Embolism
Miliband Sets Climate and International Law at Centre of UK Diplomacy
Pentagon Discloses Nearly 100 US Troop Injuries During Renewed Iran Fighting
Trump Readies New Tariffs as Temporary Global Levy Nears Expiry
High Prices Push Coffee Drinkers Toward Whole Beans and Home Brewing
Trump Draws Boos and Podium Scrutiny at Spain’s World Cup Triumph
Spain Defeats Argentina in Extra Time to Win Second World Cup
Turkey Explores S-400 Transfer to UAE in Bid to Rejoin F-35 Program
US Retaliates Against Iran After Two American Troops Killed in Jordan
Proposed U.S.-Saudi Nuclear Pact Could Permit Limited Uranium Enrichment Under International Safeguards
Why Kentucky Fried Chicken Became KFC—and Why the False Explanations Persist
Iran Claims It Destroyed Bahrain’s Main Artificial Intelligence Center in Missile and Drone Strike
Ukrainian Drones Strike Wildberries Warehouses Deep Inside Russia
Reported CIA Mission Helped Clear the UAE’s Path to Advanced US AI Chips
Artificial Intelligence Capital Fuels Markets While Governments and Regulators Face Mounting Strategic Tests
China’s Moonshot’s Kimi K3 Narrows the Gap With Anthropic Through Scale, Openness and Lower Cost
The Ledger Will Not Trust on Faith
Passenger Bound for Germany Refused to Sit Beside a Woman on a Plane — Then Slapped a Flight Attendant
Ukraine’s Leadership Rift Spills Into the Streets as Protesters Target Army Chief
The Ten World Cup Finals That Defined Football History
Smartphones Are Getting More Expensive, Sales Are Collapsing, and Even Apple Admits: "Prices Will Rise"
Leadership Change and Strategic Rivalry Redraw the Political Map
The AI Race Enters Its Infrastructure Era
Britain Nationalises British Steel to Protect Scunthorpe Production and Strategic Supply
Thomas Tuchel Faces Fierce Backlash After Tactical Retreat Costs England World Cup Final Berth
A Quiet Bastille Day: France Grapples with World Cup Heartbreak and Leftover Fireworks
Spain in Ecstasy: "We Feel Unbeatable, We Taught the Whole World a Lesson"
Harvard Astrophysicist to Lead U.S. Scientific Advisory on Unidentified Aerial Phenomena
Emergency Sirens Activated Across Bahrain as Interior Ministry Issues Shelter Directives
World Cup Visitors Turn American Big-Box Stores Into Souvenir Stops
×