Lebanon PM Says Hopes for Ceasefire With Israel in 'Coming Hours or Days'

This handout picture provided by the Lebanese Prime Minister's press office shows Lebanon's caretaker Prime Minister Najib Mikati delivering a statement to the press in Beirut on October 11, 2024. (Photo by Lebanese Prime Minister's Press Office / AFP)
This handout picture provided by the Lebanese Prime Minister's press office shows Lebanon's caretaker Prime Minister Najib Mikati delivering a statement to the press in Beirut on October 11, 2024. (Photo by Lebanese Prime Minister's Press Office / AFP)
TT
20

Lebanon PM Says Hopes for Ceasefire With Israel in 'Coming Hours or Days'

This handout picture provided by the Lebanese Prime Minister's press office shows Lebanon's caretaker Prime Minister Najib Mikati delivering a statement to the press in Beirut on October 11, 2024. (Photo by Lebanese Prime Minister's Press Office / AFP)
This handout picture provided by the Lebanese Prime Minister's press office shows Lebanon's caretaker Prime Minister Najib Mikati delivering a statement to the press in Beirut on October 11, 2024. (Photo by Lebanese Prime Minister's Press Office / AFP)

Lebanon's prime minister said US envoy Amos Hochstein had signaled during a phone call Wednesday that a ceasefire in the Israel-Hezbollah war was possible before US elections are held on November 5.
"The call today with Hochstein suggested to me that perhaps we could reach a ceasefire in the coming days, before the fifth" of November, Najib Mikati said in a televised interview with Lebanese broadcaster Al-Jadeed.
Hochstein was heading to Israel on Wednesday to discuss conditions for a ceasefire with Hezbollah, State Department spokesman Matthew Miller told reporters.
Hezbollah's new leader Naim Qassem on Wednesday said the group would agree to a ceasefire with Israel under acceptable terms, but added that a viable deal has yet to be presented, reported AFP.
"We are doing our best... to have a ceasefire within the coming hours or days," Mikati told Al-Jadeed, adding that he was "cautiously optimistic".
Mikati said Hezbollah is no longer linking a ceasefire in Lebanon to a truce in Gaza, but criticized the group over its "late" reversal.
Previously, Hezbollah had repeatedly declared it would stop its attacks on Israel only if a ceasefire was reached in Gaza.
However, Qassem on Wednesday said the group would accept a ceasefire under conditions deemed "appropriate and suitable", without any mention of the Palestinian territory.
Mikati said a ceasefire would be linked to the implementation of the United Nations resolution that ended the 2006 war between Israel and Hezbollah.
Security Council Resolution 1701 states that only the Lebanese army and UN peacekeepers should be deployed in southern Lebanon, while demanding the withdrawal of Israeli forces from Lebanese territory.
"The Lebanese army is ready to strengthen its presence in southern Lebanon" and ensure that the only weapons and military infrastructure in the area are those controlled by the state, Mikati said.
He also said he would continue to try to shield Lebanon's only airport from attacks by Israel.
"I can guarantee that we will not give anyone an excuse to undermine our security or our air traffic," Mikati said.
Aid deliveries from Iran, Iraq and Algeria can "come by sea", he said, in order not to give Israel a pretext to launch strikes.
Mikati also said it was too dangerous to try to reopen Lebanon's main land border with Syria, which was put out of service by an Israeli strike this month.
"We sent a bulldozer to fill the crater at the crossing and it was bombed," Mikati said.
"We will not expose anyone to danger before we have full guarantees."



Iraq Braces for Economic Fallout from Heavy Reliance on Iran amid Escalating Conflict

An Iraqi man bakes traditional bread at a bakery in Baghdad (EPA). 
An Iraqi man bakes traditional bread at a bakery in Baghdad (EPA). 
TT
20

Iraq Braces for Economic Fallout from Heavy Reliance on Iran amid Escalating Conflict

An Iraqi man bakes traditional bread at a bakery in Baghdad (EPA). 
An Iraqi man bakes traditional bread at a bakery in Baghdad (EPA). 

As tensions escalate between Iran and Israel, Iraq is nervously eyeing the potential fallout from a conflict that could have deep and lasting consequences for the country.

While Iraqi authorities and political parties maintain a publicly cautious and reserved stance, behind closed doors, concerns are mounting over what many see as Iraq’s overreliance on Iran in critical sectors such as energy and trade.

A political source speaking to Asharq Al-Awsat revealed that, although officials are holding back from public commentary, there is a growing consensus among political actors that Iraq could face significant disruption regardless of how the conflict unfolds. “There’s an unspoken recognition that many things will change after this war,” the source said.

Already, early signs of strain are surfacing. Iraq’s Ministry of Trade unveiled a new contingency plan this week to safeguard food security amid fears of disrupted supply chains.

Spokesperson Mohammed Hanoun stated the plan aims to “ensure continuity of essential supplies without significant price hikes,” through the buildup of strategic reserves and strengthened market oversight to prevent hoarding or price manipulation.

Security services, meanwhile, reported the arrest of 660 individuals accused of exploiting regional instability. More visibly, daily life is beginning to feel the pressure: consumer activity is slowing, prices of some goods are creeping up, and travel logistics have grown more complex.

With Baghdad International Airport temporarily closed, Basra has become the only functional air entry point. According to sources, the cost of returning to Iraq by land via Jordan has soared from $70 to $250 per passenger.

Experts warn that Iraq’s economic fragility and its deep entanglement with Iran leave it acutely vulnerable. Dr. Siham Youssef, a professor of international economics, explained that Iraq’s heavy dependence on oil exports - comprising over 90% of state revenue - offers little cushion in times of geopolitical upheaval.

While global oil prices have risen by 8% to 12%, Youssef cautioned that any benefit could be wiped out by rising transportation costs, insurance premiums, or damage to infrastructure.

Compounding the issue is Iraq’s reliance on Iranian gas for electricity production. If the conflict interrupts Iranian gas flows, Iraq may face severe power shortages, rising costs, and mounting pressure on an already stretched budget.

Shipping risks are also increasing, with Iraq’s ports located dangerously close to potential conflict zones. Youssef noted that international shipping and insurance firms may soon classify Iraqi ports as “high-risk,” leading to surging logistics costs. Additionally, the closure of Iraqi airspace threatens not only civil aviation but also the loss of overflight revenues.