Experts are warning that there could be 'a severe degradation of the investment climate' as well as serious energy flow disruptions if war breaks out along Israel's northern border with Lebanon and Iran becomes involved
The ongoing Middle East conflict involving Israel and Gaza-based militant group Hamas has so far not significantly impacted the region’s oil and gas flows, exactly one month after Hamas launched deadly attacks on Israel. However, the risk of the war quickly spilling over and developing into a regional conflict remains high with Lebanon’s Hezbollah repeatedly warning Israel against escalating even as Israel claims to have cut the Gaza Strip into two and surrounded Gaza City.
as well as state-owned QatarEnergy. The drilling operations came after a landmark U.S.-brokered agreement last year that saw Lebanon and Israel establish a maritime border for the first time ever. Back in May, Lebanon’s Energy Minister Walid Fayad said they hope to determine whether the exploratory block has recoverable gas reserves by the end of the current year.
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