Strike on Hezbollah Arms Depots Shows Extent of Israeli Intelligence Breach

This picture taken during a guided tour by the Hezbollah media office shows a man salvaging the remains of a destroyed greenhouse at the site of reported overnight Israeli bombardment on Sarein in the Bekaa valley in east-central Lebanon on August 20, 2024. (Photo by AFP)
This picture taken during a guided tour by the Hezbollah media office shows a man salvaging the remains of a destroyed greenhouse at the site of reported overnight Israeli bombardment on Sarein in the Bekaa valley in east-central Lebanon on August 20, 2024. (Photo by AFP)
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Strike on Hezbollah Arms Depots Shows Extent of Israeli Intelligence Breach

This picture taken during a guided tour by the Hezbollah media office shows a man salvaging the remains of a destroyed greenhouse at the site of reported overnight Israeli bombardment on Sarein in the Bekaa valley in east-central Lebanon on August 20, 2024. (Photo by AFP)
This picture taken during a guided tour by the Hezbollah media office shows a man salvaging the remains of a destroyed greenhouse at the site of reported overnight Israeli bombardment on Sarein in the Bekaa valley in east-central Lebanon on August 20, 2024. (Photo by AFP)

Israel’s targeting of a Hezbollah arms depot in Lebanon’s eastern Bekaa region on Monday has raised questions about whether Israel has adopted a new form of escalation and about the extent its intelligence have breached the Iran-backed party.

Israel usually targets Hezbollah arms depots in the South, but the attack in the Bekaa was a precedent.

“Following the strikes, secondary explosions were identified, indicating the presence of large amounts of weapons in the facilities struck,” the Israeli military said in a statement.

Lebanon’s Health Ministry said eleven people were wounded in the attack.

Hezbollah retaliated on Tuesday by firing rockets at the headquarters of the 210th Golan Division in the Nafah barracks and the Artillery Battalion and the Armored Brigade of the 210th Division in the Yarden barracks. It also struck the 146th Division headquarters in Gaaton.

Israeli media said Hezbollah fired over 80 rockets from Lebanon.

Israel carried out a raid on Aita al-Shaab and Talloussa in the Marjeyoun region in the South, reported Lebanon’s National News Agency.

The Bekaa attack took place days after Hezbollah released a video showing one of its largest underground tunnels. A truck loaded with large missiles was seen moving in the tunnels.

Sami Nader, director of the Levant Institute for Strategic Affairs, said the Bekaa attack was part of an Israeli escalation and strategy to permanently close the front with Lebanon.

Tel Aviv wants to eliminate Hezbollah’s threat through diplomacy or force, he told Asharq Al-Awsat.

Attacks on leading party figures and weapons depots are all part of preparations for a military operation or pressure to improve Israel’s negotiating position, he explained.

Moreover, he remarked that it has become obvious that Israeli intelligence has managed to breach Hezbollah, allowing it to assassinate key figures and locate arms caches.

Moreover, he ruled out the possibility of a ceasefire or comprehensive settlement being reached before the US presidential election in November.

So, the coming months will witness more military operations and negotiations to avert a major war which Iran has no interest in waging, Nader stressed.

Meanwhile, founder and CEO of the Institute for Near East and Gulf Military Analysis (INEGMA) Riad Kahwaji said the Bekaa attack continues to confirm the extent Hezbollah is exposed by Israeli intelligence.

The breach has allowed Tel Aviv to assassinate dozens of its members and commanders, he told Asharq Al-Awsat.

Whoever can kill these figures naturally is aware of the party’s capabilities and location of its bases and arms depots, he remarked.

By carrying out the attack on the Bekaa right after Hezbollah released the footage of its tunnels, Israel is saying that it is aware of what the party is capable of and possesses and where it is located, he noted.

Israel carried out a preemptive strike while everyone was waiting for Hezbollah to retaliate to its assassination of top military commander Fuad Shukr in Beirut last month, he added.



COP29 - How Does $300 Billion Stack up?

A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
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COP29 - How Does $300 Billion Stack up?

A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)

Countries agreed at the UN's COP29 climate conference to spend $300 billion on annual climate finance. Here are some ways of understanding what that sum is worth:

MILITARY MIGHT

In 2023, governments around the globe spent $6.7 billion a day on military expenditure, according to the Stockholm International Peace Research Institute.

That means the $300 billion annual climate finance target equates to 45 days of global military spending.

BURNING OIL

$300 billion is currently the price tag for all the crude oil used by the world in a little over 40 days, according to Reuters calculations based on global crude oil demand of approximately 100 million barrels/day and end-November Brent crude oil prices.

ELON MUSK

According to Forbes, Elon Musk's net worth stood at $321.7 billion in late November. The world's richest man and owner of social media platform X has co-founded more than half a dozen companies, including electric car maker Tesla and rocket producer SpaceX.

STORM DAMAGE

Hurricane Katrina, one of the most devastating and deadliest cyclones in US history, caused $200 billion in damage alone in 2005.

This year's climate-fueled Hurricane Helene could end up costing up to $250 billion in economic losses and damages in the US, according to estimates by AccuWeather. While preliminary estimates by Morningstar DBRS suggest Hurricane Milton, also supercharged by ocean heat, could cost both the insured and uninsured nearly $100 billion.

BEAUTY BUYS

The global luxury goods market is valued at 363 billion euros ($378 billion) in 2024, according to Bain & Company.

COPPER PLATED

The GDP of Chile - the world's largest copper producing country - stood at $335.5 billion in 2023, according to World Bank data.

GREECE'S BAIL OUT

Euro zone countries and the International Monetary Fund spent some 260 billion euros ($271 billion) between 2010 and 2018 on bailing out Greece - the biggest sovereign bailout in economic history.

BRITISH BONDS

Britain's new government needs to borrow more to fund budget plans. Gilt issuance is expected to rise to 296.9 billion pounds ($372.05 billion) for the current financial year.

TECH TALLY

A 10% share of tech giant Microsoft is worth just over $300 billion, according to LSEG data. Meanwhile the market cap for US oil major Chevron stood at $292 billion.

CRYPTO

The annual climate finance target amounts to 75% of the total value of the global market for crypto currency Ether, the world's second-largest cryptocurrency.

Alternatively, 3 million Bitcoin would cover the annual climate finance target as the world's largest cryptocurrency closes in on the $100,000 mark following a rally fueled by Donald Trump winning the Nov. 5 US presidential election.