Cyprus Mail
BusinessCyprus Business NewsInternationalMiddle East

Hezbollah announces ships with fuel for Lebanon — US sanctions feared

File photo: Hezbollah in Lebanon

 A shipment of Iranian fuel organised for Lebanon by Hezbollah will set sail on Thursday, the Shi’ite group said, cautioning its US and Israeli foes against any moves to halt the consignment that it said aimed to ease an acute fuel crisis.

Hezbollah’s opponents in Lebanon warned of dire consequences from the move, with Sunni politician Saad al-Hariri, a former prime minister, saying it risked sanctions being imposed on a country whose economy has been in meltdown for nearly two years.

There was no immediate comment from the Lebanese government.

Hezbollah leader Sayyed Hassan Nasrallah said further shipments would follow to help the people of Lebanon.

“I say to the Americans and the Israelis that the boat that will sail within hours from Iran is Lebanese territory,” Nasrallah said, suggesting that any action to stop it would be met with a response.

“We don’t want to get… into a problem with anyone. We want to help our people,” he said.

The arrival of Iranian fuel oil would mark a new phase in the financial crisis which the Lebanese state and its ruling factions, including Hezbollah, have failed to tackle even as poverty soars and shortages trigger deadly violence.

Nasrallah did not say how the shipment would be financed.

In June, he said Iran was prepared to accept payment in the Lebanese currency, which has lost more than 90 per cent of its value in two years.
US sanctions on Iran, reimposed in 2018 when then-President Donald Trump withdrew from a 2015 nuclear deal with Tehran, aimed to cut its oil sales to zero.
Hezbollah, founded by Iran’s Revolutionary Guards in 1982, is designated a terrorist organisation by the United States and is also targeted by U.S. sanctions.

Lebanon’s worst economic crisis since the 1975-90 civil war has hit a crunch point, with hospitals, bakeries and other essential services being forced to shut or scale back due to power cuts and the acute scarcity of gasoline.

Nasrallah did not say when or where the shipment would dock. One possibility is in neighbouring Syria, where Reuters reported in April the group was readying fuel storage capacity as part of plans to respond to the crisis.

“God willing, this ship and others will arrive safely,” Nasrallah said in a televised address commemorating Ashura, when Shi’ites commemorate the death in battle of the Prophet Mohammad’s grandson Imam Hussein in 680.

Hariri, in a statement, criticised Nasrallah for declaring the ships Lebanese territory, rejected what he described as Lebanon being treated as an Iranian province, and said the country could suffer the fate of heavily-sanctioned Venezuela.

Samir Geagea, a Christian politician and staunch Hezbollah opponent, said that after usurping government authorities in security and military affairs, it was now taking over economic decision-making to the detriment of the Lebanese people.

Hezbollah has said on several occasions it was working on bringing fuel from Iran.

Western donors have consistently demanded that Lebanon carry out long-delayed economic reforms to tackle the causes of its collapse – chiefly state corruption and waste – in order to access financial assistance.

Mohanad Hage Ali, a fellow at the Carnegie Middle East Center, said any action to stop the shipment would strengthen Hezbollah’s narrative that Lebanon is being subjected to a US siege, while Iran extends a helping hand.

Follow the Cyprus Mail on Google News

Related Posts

Stacks (STX) and SUI climb aggressively as market pumps – Algotech (ALGT) presale presents unique profit opportunity

CM Guest Columnist

US plans to send more weapons to Israel, WSJ reports

Reuters News Service

Limassol maritime firm facilitating sustainable shipping practices

Souzana Psara

Cyprus Business Now

Kyriacos Nicolaou

Transport Minister meets with new board of Cyprus Ports Authority

Kyriacos Nicolaou

EU lawmakers ratify political deal on artificial intelligence rules

Reuters News Service