Will Rising Israeli Losses in War on Hezbollah Lead it to Agree to a Ceasefire?

Smoke rises from the site of an Israeli airstrike in Dahiyeh, Beirut, Lebanon, Lebanon, Sunday, Oct. 27, 2024. (AP)
Smoke rises from the site of an Israeli airstrike in Dahiyeh, Beirut, Lebanon, Lebanon, Sunday, Oct. 27, 2024. (AP)
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Will Rising Israeli Losses in War on Hezbollah Lead it to Agree to a Ceasefire?

Smoke rises from the site of an Israeli airstrike in Dahiyeh, Beirut, Lebanon, Lebanon, Sunday, Oct. 27, 2024. (AP)
Smoke rises from the site of an Israeli airstrike in Dahiyeh, Beirut, Lebanon, Lebanon, Sunday, Oct. 27, 2024. (AP)

A prevailing impression is growing in Lebanon that the only way for Israel to end its war on Hezbollah is when its losses on the ground become too great for it to ignore.

Israel is incurring deaths in the South on a nearly daily basis as the war approaches the one-month mark.

Observers are in agreement that the battle is difficult for both Israel and Hezbollah, raising questions about whether Israel was prepared for the number of losses.

Founder and CEO of the Institute for Near East and Gulf Military Analysis (INEGMA) Riad Kahwaji wondered: “Are the Israeli losses expected or acceptable and withing reason? Only time will tell.”

“If the battle goes on for more weeks, then it is evidence that it was expected; if it stops within days, it means that the losses exceeded their expectations and they will have to reconsider their options,” he told Asharq Al-Awsat.

He noted that Israel is losing four to five soldiers on a daily basis.

The fighting will likely go on as diplomatic efforts to reach a ceasefire continue.

Israel doesn’t always reveal the number of its casualties, but estimates have said they reached 40 in recent days. Hezbollah, on the other hand, stopped declaring the death of its fighters last month.

The Iran-backed party’s casualties had reached 508 in the latest tally. Estimates today believe the figure to have reached a thousand.

Israeli media on Sunday reported that 22 soldiers and officers were killed in fighting in Gaza and southern Lebanon last week. The Israeli army announced the death of one soldier on Sunday and four on Saturday in the South. Israeli media said 88 soldiers were wounded in the past 48 hours of fighting.

Kahwaji said the ground battles are a normal part of the war and Hezbollah is very prepared for them. It has dug tunnels and built fortifications and knows the terrain very well, so the Israeli army is inevitably going to incur losses and Israeli military officials have acknowledged the difficulty of the battle.

Kahwaji highlighted Hezbollah’s decision to stop declaring its losses since the pager attack last month.

“Since then, we no longer hear anything about the party’s losses. The Israeli army, however, cannot hide its casualties,” he remarked.



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.