Lebanon's Energy Crisis Deepens
Just read about how Lebanon's already struggling energy sector is facing another huge hit. With Iran blocking the Strait of Hormuz, global oil prices are surging, and since Lebanon imports all its fuel, costs there have almost doubled in just a few months. This means the country can now afford only half the fuel it could three months ago, severely impacting electricity supply. On top of years of war, economic crisis, and damaged infrastructure, Israel's attacks on power stations are making recovery even harder. The Energy Minister mentioned this will delay reforms and scare off needed investments. Even the 2023 maritime deal with Israel is still in place from Lebanon's side, despite the ongoing conflict. Tough times ahead for the Lebanese people.
https://www.thenationalnews.co