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Lebanon on the Brink: War Fuels a Deepening Economic Crisis
Liliane Mokbel 2025-06-21 17:55 - Reading : 3 minute(s)
Caught in the crossfire of the Israel-Iran war, Lebanon is struggling — against all odds — to contain the economic fallout. A near-impossible task for a country still reeling from the toll of the Hezbollah-Israel conflict, which left it drained on human, financial and institutional levels. In this climate of escalating regional tension, ...
Israel-Iran Conflict: Latest Developments
This is Beirut 2025-06-15 18:40 - Reading : 7 minute(s)
Israel and Iran traded heavy fire for a third straight day on Sunday, with mounting casualties and expanding targets marking a sharp escalation in hostilities between the longtime foes. Strikes in both countries persisted throughout the day, as the death toll rose following Israel's large-scale attacks on Friday aimed at crippling Iran's nuclear ...
Trump’s Thunderbolt: America Attacks, Iran Shakes, the World Waits
Marc Saikali 2025-06-22 10:30 - Reading : 3 minute(s)
Nawaf Salam Donald Trump Europe Gulf Hezbollah
A night that will be etched into Middle East history has just come to an end. In the early hours of June 22, 2025, Donald Trump launched a strike. Six B-2 Spirit stealth bombers took off from a US base and dropped twelve GBU-57 bunker-buster bombs on Iran’s underground Fordow nuclear site, while 30 Tomahawk missiles targeted facilities in ...
US Strikes: Strong Concerns from the Lebanese State
This is Beirut 2025-06-22 10:35 - Reading : 1 minute(s)
Following US airstrikes on several Iranian nuclear sites, Lebanese leaders expressed deep concern over the escalating military tensions in the region and reaffirmed Lebanon’s commitment to neutrality in regional conflicts. President Joseph Aoun highlighted the heavy toll Lebanon has already paid, stating, “Lebanon is today more aware than ...
Iran Threatens US Bases, New Israeli Strikes
This is Beirut 2025-06-23 05:25 - Reading : 5 minute(s)
Nawaf Salam United States Iran
Iran on Sunday threatened US bases in the Middle East after massive air strikes that Washington said had destroyed Tehran's nuclear program, though some officials cautioned that the extent of damage was unclear. With aerial assaults between Iran and Israel raging -- including fresh strikes by Israel on what it said were military targets in ...
Bekaa Farmers Urge Saudi Arabia to Reopen Agricultural Markets
This is Beirut 2025-06-23 12:25 - Reading : 2 minute(s)
Lebanon Saudi Arabia Agriculture Bekaa Export Potatoes
The head of the Bekaa Wheat and Grains Farmers’ Union and member of the Potato Growers’ Syndicate, Najib Fares, has made an urgent appeal to Saudi Arabia’s leadership on behalf of Lebanese farmers. Addressing King Salman, Crown Prince Mohammed bin Salman, and the Saudi authorities, Fares called for the reopening of Saudi markets to Lebanese ...
Art Market Banking on New Generation of Collectors
This is Beirut 2025-06-23 12:45 - Reading : 3 minute(s)
Art Basel 2025 Switzerland Market Luxury Art Culture
The global art market is not immune to current economic and geopolitical tensions and is counting on a new generation of collectors to revitalize the momentum. Some big transactions were concluded last week during Art Basel, the world's top contemporary art fair, notably by London's Annely Juda Fine Art gallery, which sold a David Hockney ...
Strait of Hormuz Faces Potential Closure Amid Rising Regional Tensions
This is Beirut 2025-06-23 14:50 - Reading : 6 minute(s)
Nawaf Salam Strait of Hormuz Iran Oil Gas
Iran’s parliament gave the green light to a proposal to shut down the Strait of Hormuz on Sunday, a step that needs clearance from the security authorities. Such a move could significantly disrupt worldwide oil shipments and heighten tensions in an already unstable region. The Strait, which narrows to just 33 kilometers at its slimmest point, ...
Oil Prices Fall More than 7% after Iran Attacks US Military Base
This is Beirut 2025-06-23 22:44 - Reading : 1 minute(s)
Nawaf Salam United States Qatar Iran Middle East Oil & Gas
Oil prices sank more than six percent Monday after Iran attacked a US military base in neighboring Qatar in retaliation for US weekend strikes on Iranian nuclear facilities. Near 1815 GMT, futures for West Texas Intermediate fell 7.22 percent to $68.51 a barrel, while Brent oil futures dropped 7.18 percent to $72.07 a barrel, its lowest level in ...
Israel-Iran, Day 12: Daybreak Confusion, Ceasefire Claims Collide with Renewed Strikes
This is Beirut 2025-06-24 06:15 - Reading : 6 minute(s)
Nawaf Salam Iran United States
At dawn on Tuesday, uncertainty still seems to master of ceremony. What was announced just hours earlier as the beginning of a ceasefire appeared anything but, as missile sirens blared across Israeli cities and explosions lit up the skies over Tehran. As U.S. President Donald Trump announced that the ceasefire had taken effect Tuesday morning, ...
Oil Prices Drop as Israel Agrees to Ceasefire Proposal
This is Beirut 2025-06-24 10:40 - Reading : 3 minute(s)
Nawaf Salam Ceasefire Donald Trump Middle East Oil Markets
Oil prices sank more than five percent Tuesday after Israel said it had agreed to US President Donald Trump's proposal for a bilateral ceasefire with Iran. Shares in Asia were buoyant, as fears of an energy market shock eased following 12 days of war between Israel and its arch-foe. London, Paris and Frankfurt also rose at the open. At around ...
Zelensky-Trump Meeting Planned Wednesday
This is Beirut 2025-06-24 15:50 - Reading : 1 minute(s)
Nawaf Salam Trump Zelensky NATO Ukraine Russia
Volodymyr Zelensky and US President Donald Trump are planning to meet on Wednesday on the sidelines of the NATO summit in The Hague, a senior source in the Ukrainian presidency told AFP. The war-time leader has been a central figure at recent summits but given his fractious relationship with Trump, Zelensky has not been invited to the main ...
Gold, Thrones, Diamonds: The Imperial Treasure Iran Keeps Hidden
Bélinda Ibrahim 2025-06-24 17:00 - Reading : 4 minute(s)
Iran Treasure Jewels Shah Pahlavi
It’s a treasure few have seen, yet one that specialists regard with awe. Behind armored doors, deep within the basement of Tehran’s Central Bank, lies what some historians consider the world’s most valuable collection of jewels—surpassing even those of the British monarchy. Amassed over more than 500 years of imperial history and expanded ...
Oil Slides, Stocks Rise as Trump Says Iran-Israel Ceasefire Holds
This is Beirut 2025-06-24 17:35 - Reading : 3 minute(s)
United States Donald Trump Oil & Gas China Iran
Oil prices sank and stock markets rose Tuesday as US President Donald Trump said a ceasefire between Iran and Israel was taking hold after he berated both countries for violating the truce. In volatile trading, crude futures slumped more than five percent after Trump announced a ceasefire. "This morning's ceasefire further reduced the perceived ...
Minimum Wage: The Debate Heats Up Again
Liliane Mokbel 2025-06-24 21:00 - Reading : 2 minute(s)
As regional tensions momentarily subside, Lebanese households refocus on their most urgent issue: wages. The minimum wage debate has resurfaced under intense social pressure, yet concrete progress remains elusive. The sudden silence from the labor minister adds to the growing uncertainty. Notably, the latest minimum wage increase did not ...
As War Recedes, Oil Prices Plunge and Markets Rally
Christiane Tager 2025-06-24 22:00 - Reading : 3 minute(s)
Nawaf Salam Donald Trump Europe Tehran oil
From Cold Sweats to Cooling Oil: Why Crude Prices Are Plunging After the Iran-Israel De-Escalation A bomb can send oil prices soaring – unless it doesn’t hit as hard as expected. That’s exactly what played out in the markets following Iran’s limited strike on a United States base in Qatar, followed by a surprise ceasefire between Tehran ...
EU Calls Emergency Meeting on Iran-Israel Conflict
This is Beirut 2025-06-15 22:50 - Reading : 1 minute(s)
Nawaf Salam European Union Benjamin Netanyahu Tehran
The European Union’s top diplomat has convened a special meeting of the 27 foreign ministers for Tuesday, focused on the conflict between Israel and Iran, “given the gravity of the situation,” a senior official from her office announced on Sunday. The videoconference “will allow for an exchange of views, coordination on diplomatic actions ...
Strait of Hormuz: Is Iran Ready to Gamble with Global Energy Stability?
Liliane Mokbel 2025-06-15 14:40 - Reading : 2 minute(s)
Nawaf Salam Gulf Strait of Hormuz Iran economy energy
As the Middle East flares up amid mounting tensions between Iran and Israel, one urgent question dominates global attention: Is Tehran ready to close the Strait of Hormuz, a crucial lifeline for the world’s energy supply? On Friday night, Emmanuel Macron sounded a stark warning. In a statement, the French president cautioned, “We must brace ...
U.S. Ambassador Issa: Aoun–Trump Meeting Would Not Be a Concession
This is Beirut 04/05 11:55 - Reading : 2 minute(s)
Donald Trump Benjamin Netanyahu Lebanon Hezbollah Israel
U.S. Ambassador to Lebanon Michel Issa said Monday that a potential meeting between Lebanese President Joseph Aoun, U.S. President Donald Trump, and Israeli Prime Minister Benjamin Netanyahu should not be viewed as a loss or concession for Lebanon. Speaking in a live address, Issa stressed that such a meeting would provide an opportunity for ...
Rubio Says Iran Talks Show Progress but Key Issues Remain Unresolved
This is Beirut 23/05 17:40 - Reading : 3 minute(s)
Donald Trump Gulf Tehran United States US Secretary of State
U.S. Secretary of State Marco Rubio on Saturday indicated that diplomatic discussions with Iran remain active, suggesting that developments could emerge within days while reaffirming Washington’s core demands on Tehran’s nuclear program. Speaking during a visit to India, Rubio said that “there might be some news later ...
Senior Hezbollah Commander Killed in Israeli Strikes in Beirut Suburbs: Source Close to Group
This is Beirut 06/05 23:05 - Reading : 2 minute(s)
Hezbollah Israel Donald Trump Benjamin Netanyahu Lebanon
A senior commander from Hezbollah's elite force was killed in an Israeli strike on Beirut's southern suburbs on Wednesday, the first on the area in nearly a month, a source close to the group said. Israeli Prime Minister Benjamin Netanyahu said his military had targeted "the commander of Hezbollah's Radwan force". The source close to Hezbollah ...
Lebanese PM Pushes Border Crackdown and Security Coordination During Damascus Visit
This is Beirut 09/05 17:05 - Reading : 2 minute(s)
Lebanon Syria Smuggling Economy Cooperation Hezbollah
Lebanese Prime Minister Nawaf Salam concluded his visit to Damascus on Saturday by emphasizing tighter border controls, anti-smuggling efforts, and expanded Lebanese-Syrian security coordination, signaling a shift in Beirut’s approach toward Syria amid growing pressure over Hezbollah-linked activity along the border. Speaking at the end of ...
U.S. Sanctions 12 Iran-Linked Individuals, Entities Over China Oil Sales
This is Beirut 11/05 23:05 - Reading : 2 minute(s)
Iran China USA Trump Sanctions USIranWar
The United States on Monday issued sanctions against 12 individuals and entities that it said facilitated the sale and shipment of Iranian oil to China, days ahead of U.S. President Donald Trump's visit to Beijing. In a statement, the U.S. Treasury alleged that Iran's Islamic Revolutionary Guard Corps (IRGC) "relies on front companies in ...
Aoun’s Anticipated Washington Visit a Rare Opportunity for Lebanon
Samar El-Kadi 12/05 10:45 - Reading : 4 minute(s)
Lebanon Washington Donald Trump Benjamin Netanyahu Hezbollah
As Lebanon prepares to continue U.S.-mediated talks with Israel later this week, a potential trip by President Joseph Aoun to Washington is increasingly being viewed in Beirut as a rare opportunity that cannot be missed. “President Aoun should absolutely go to Washington,” Lebanese Forces MP Ghayyath Yazbeck told This is Beirut. “He ...
South Korea Reviews Phased Support for Strait of Hormuz Security
This is Beirut 13/05 10:50 - Reading : 2 minute(s)
South Korea is considering a phased contribution to international efforts aimed at ensuring safe navigation through the Strait of Hormuz, Defense Minister Ahn Gyu-back said Wednesday, signaling support measures that would stop short of direct military involvement. Speaking at a press conference with South Korean reporters in Washington, Ahn said ...
Reports Point to Expanding Israeli-UAE Security Coordination During Iran Conflict
This is Beirut 13/05 15:10 - Reading : 1 minute(s)
Israel Tehran United Arab Emirates Iron Dome Iran
Cooperation between Israel and the United Arab Emirates reportedly deepened during the recent conflict involving Iran, according to reports from The Wall Street Journal and Bloomberg detailing high-level intelligence coordination and joint security measures between the two countries. According to The Wall Street Journal, David Barnea, the head of ...
UAE 'Denies Reports' of Secret Netanyahu Visit
This is Beirut 13/05 21:15 - Reading : 2 minute(s)
The United Arab Emirates said Thursday it "denies reports" that Israeli Prime Minister Benjamin Netanyahu secretly visited the country, after Netanyahu's office said he had met with the UAE president during the war with Iran. Netanyahu's office said Wednesday he had "paid a secret visit to the United Arab Emirates" ...
Lebanon, Israel to Hold New Direct Talks in Washington as Ceasefire Nears End
This is Beirut 14/05 13:10 - Reading : 4 minute(s)
Lebanon Israel Washington Ceasefire Donald Trump
Lebanon and Israel are set to hold a new round of peace talks in Washington on Thursday as their latest ceasefire agreement, which remains formally in effect, approaches its expiration. Israel's military said it was striking Hezbollah targets in south Lebanon on Thursday after warning residents of several towns and villages there and in the ...
Pakistani Minister Arrives in Tehran to 'Facilitate' U.S.-Iran Peace Talks: Media
This is Beirut 16/05 17:15 - Reading : 1 minute(s)
Iran USA Pakistan Negotiations Hormuz USIranWar
Pakistan's Minister of Interior arrived in Tehran on Saturday "to facilitate" the peace talks between Iran and the United States that have stalled despite a fragile ceasefire, Iranian media reported. "Mohsin Naqvi arrived today in the Islamic Republic of Iran on an official two-day visit as part of Pakistan's ongoing ...
Why Hezbollah’s Use of FPV Drones Against Israel Will Backfire
Seth J. Frantzman 18/05 09:50 - Reading : 4 minute(s)
Hezbollah Israel Lebanon Benjamin Netanyahu Gulf
Hezbollah has begun using first-person view (FPV) drones against Israel, causing casualties among Israel Defense Forces (IDF) troops deployed along the Lebanese border. While the threat is growing, it will also backfire for Hezbollah. Israel is already mobilizing its defense technologies against drones across multiple fronts, which will result in ...