Israel and Lebanon have reached a U.S.-mediated agreement settling a long-running maritime border dispute and delineating the two countries’ economic waters in the Mediterranean Sea.
The deal, which has the potential to unlock additional natural gas production in the Mediterranean at a time of global energy flow disruptions, was finalized on Oct. 11, according to both Israeli and Lebanese officials.
Israeli Prime Minister Yair Lapid said in a statement that the deal is a “historic achievement that will strengthen Israeli security, will bring billions to Israel’s economy and ensure stability on the northern border.”
The office of Lebanese President Michel Aoun said in a statement that “the final version of the offer satisfies Lebanon, meets its demands and preserves its rights to its natural resources.”…