Lebanon Financial News

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Netanyahu warned the people of Lebanon they could face "destruction and suffering" like the Palestinians in war-battered Gaza if they don't «free» the country from Hezbollah.

Subscribe to enjoy similar stories. Israel expanded its offensive in Lebanon, sending more troops to conduct ground operations along the countries’ shared border and warning people to stay away from the coast of southern Lebanon ahead of a maritime operation. The additional Israeli forces are being added as the military expands its operations from the eastern part of the border to the west.

Hezbollah's deputy leader said in comments broadcast on Tuesday that the group backs efforts to reach a ceasefire in Lebanon, and for the first time omitted any mention of a Gaza truce deal as a pre-condition to halting the group's attacks on Israel.

Subscribe to enjoy similar stories. There are good reasons for Israel not to hit Iran’s nuclear programme in its coming retaliation against the Islamic Republic. Yet the logic for a preemptive strike has never been as compelling, precisely because Tehran’s case for building a nuclear arsenal has also never been as strong.

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Subscribe to enjoy similar stories. Last week, we witnessed unprecedented escalation in the Gaza war as Iran officially entered the fray, launching 180 missiles at Israel. This opens the door to potential retaliatory strikes from Israel, while Lebanon is already feeling the heat.

Subscribe to enjoy similar stories. AS ISRAEL faces the first anniversary of the October 7th atrocities by Hamas, two huge challenges loom. One is Israel’s internal divisions, which will be highlighted by two separate commemoration services that are due to be held.

Netanyahu on Sunday vowed to achieve victory and said his country's military «completely transformed reality» in the year since Hamas's October 7 attack, which has left the country fighting two wars. Netanyahu told troops Israel «will win» as it battles militants in both the Gaza Strip and Lebanon and prepares to strike Iran, almost a year since the unprecedented attack by Palestinian Hamas militants sparked the Gaza war. Israel's army chief, Lieutenant General Herzi Halevi said that, one year on, «we have defeated the military wing of Hamas».

Hezbollah in Lebanon overnight and was assessing the damage on Friday after a series of strikes on senior figures in the group that Iran's Supreme Leader dismissed as counterproductive. The air attack on Beirut, part of a wide assault that has driven more than 1.2 million Lebanese from their homes, was reported to have targeted the potential successor to the leader of Hezbollah assassinated by Israel a week ago. Hashem Safieddine's fate was unclear and neither Israel nor Hezbollah have offered any comment.

oil prices headed for their sharpest weekly gain in more than a year, as escalating tensions in the Middle East kept markets on edge ahead of a U.S. jobs report later in the day. U.S. President Joe Biden said on Thursday that the U.S. is discussing strikes on Iran's oil facilities as retaliation for Tehran's missile attack on Israel, while Israel's military hit Beirut with new air strikes in its battle against Lebanese armed group Hezbollah.

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southern Lebanon that are north of a UN-declared buffer zone, signaling that it may widen a ground operation launched earlier this week against the Hezbollah militant group. Israel has told people to leave Nabatieh, a provincial capital, and other communities north of the Litani River, which formed the northern edge of the border zone established by the UN Security Council after the 2006 war in a resolution that both sides accuse the other of violating. At least eight Israeli soldiers have been killed in clashes with Hezbollah in southern Lebanon, where Israel announced the start of what it says is a limited ground incursion earlier this week. The region was meanwhile bracing for Israeli retaliation following an Iranian ballistic missile attack.

Speaking to The Guardian, governor of the Bank of England Andrew Bailey said the BoE is watching the escalating conflict in the Middle East «extremely closely» but admitted that while the bank will pull out the stops to keep the market stable things could get «really bad». Following the Israeli invasion of southern Lebanon and Iran's retaliatory missile attack this week, oil prices increased by 3% in response to concerns the conflict could obstruct crude oil flows from the Middle East. Market Movers Blog: Oil prices rise as Middle Eastern conflict intensifies «Geopolitical concerns...

Bitcoin dropped 1.6% to $64,450, while Ethereum declined below the $2,650 level. The downturn in global markets was fueled by ongoing conflict in the Middle East, with continued Israeli attacks in Lebanon adding to geopolitical uncertainty. Additionally, investors remain cautious ahead of key U.S. economic data releases this week, including the payroll report, which could influence the Federal Reserve’s decision on another interest rate cut in November.

Federal Reserve Chair Jerome Powell's comments dampened expectations of significant interest rate cuts. Bitcoin fell below the $64,000 mark, while Solana, XRP, and Dogecoin also experienced declines. Fed Chair Powell indicated on Monday the U.S. central bank would likely stick to quarter-percentage-point cuts henceforth after new data boosted confidence in economic growth and consumer spending.

Iran’s direct attack on Israel this week has once again raised fears of a wider war in the Middle East — one that could now directly involve two of the region’s most well-armed nations.

geopolitical tensions in the Middle East. Several Gulf carriers have altered their routes to prioritise passenger safety, while neighbouring countries in the region have closed their airspace, forcing airlines to navigate alternative routes to avoid the escalating conflict. The Indian government on Wednesday issued a travel advisory urging its nationals to avoid non-essential travel to Iran. “We are closely monitoring the recent escalation in security situation in the region. Those currently residing in Iran are requested to remain vigilant and stay in contact with the Indian Embassy in Tehran,” read the advisory.

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Middle East after Iran attacked Israel with barrage of missiles on Tuesday night. While Israel has vowed to make Iran «pay» for firing missiles at its territory, Tehran warned on Wednesday it would launch an even bigger attack if it is targeted. A full-scale war between the two countries will not bode well for India's energy security as India imports a large part of its oil and gas from the region. Oil prices climbed more than 3% on Wednesday as Israel and the United States vowed retribution over Iran's biggest ever direct attack on Israel, Reuters reported. With Israel also ordering more soldiers into Lebanon to battle Iran-backed militant group Hezbollah, the conflict has rapidly intensified with little sign of de-escalation despite international pleas. That has sent oil prices surging, with Brent futures up $2.26, or 3.07%, to $75.82 a barrel. US West Texas Intermediate (WTI) crude jumped $2.38, or 3.42%, to $72.22 by 1320 GMT. Both crude benchmarks on Tuesday surged more than 5% before closing around 2.5% higher. A full-blown war can cause a big spurt in crude oil prices. India imports most of its oil and gas and higher prices will impact inflation as well as economic growth.

Iran's Supreme Leader Ayatollah Ali Khamenei warned Hezbollah leader Syyed Hassan Nasrallah to flee Lebanon days before he was killed in an Israeli strike and is now deeply worried about Israeli infiltration of senior government ranks in Tehran, three Iranian sources said. In the immediate aftermath of the attack on Hezbollah's booby-trapped pagers on Sept. 17, Khamenei sent a message with an envoy to beseech the Hezbollah secretary general to leave for Iran, citing intelligence reports that suggested Israel had operatives within Hezbollah and was planning to kill him, one of the sources, a senior Iranian official, told Reuters. The messenger, the official said, was a senior Iranian Revolutionary Guards commander, Brigadier General Abbas Nilforoushan, who was with Nasrallah in his bunker when it was hit by Israeli bombs and was also killed.