Lebanon’s Living Crises Worsen, Long Queues Return after Elections

Lebanese people wait in front of a bakery in Beirut, Lebanon (EPA)
Lebanese people wait in front of a bakery in Beirut, Lebanon (EPA)
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Lebanon’s Living Crises Worsen, Long Queues Return after Elections

Lebanese people wait in front of a bakery in Beirut, Lebanon (EPA)
Lebanese people wait in front of a bakery in Beirut, Lebanon (EPA)

Lebanon’s living crises resurfaced only two days after the parliamentary elections were held. Long queues of people waiting in front of bakeries and gas stations returned, electricity supply declined due to fuel shortages, and the exchange rate of the dollar against the local currency rose to record levels not seen in five months.

In hopes of curbing the spike in exchange rates, Lebanon’s central bank released a statement confirming it will continue to allow banks to purchase dollars with no ceiling via the bank's Sayrafa exchange platform until the end of July.
Moreover, authorities rushed to intervene in securing fuel for power production plants.

Parliament Speaker Nabih Berri on Wednesday received a phone call from the Iraqi Prime Minister, Mustafa al-Kadhimi, who congratulated him on the holding of the parliamentary elections. He also notified him that Iraq will continue to supply Lebanon with the fuel needed to produce electricity.

Nevertheless, Lebanon’s national electricity company said that it will cut its output further in the coming days, after burning through most of its fuel supplies during Sunday’s election.

EDL wrote that it “consumed its fuel reserves at a faster pace” during “the period of the parliamentary election”.

Lebanon was witnessing a host of renewed crises on Wednesday against the backdrop of a continuous surge of the dollar exchange rate on the black market.

For the first time in five months, the exchange rate hit LBP 31,000 to the dollar.

The hike confused Lebanon’s markets and increased speculation with some shops closing their doors in the suburbs of Beirut to prevent additional losses.

“Gasoline is available in the depots of the companies and in ships present at sea. We are not in a fuel crisis in Lebanon, because the issue is related to some delay in the completion of bank transactions aimed at providing the importing companies with dollars through the Sayrafa platform,” said a top member of the fuel station owners syndicate of Lebanon, George Brax.

“The issue should be solved quickly… Companies are distributing gasoline in limited quantities and some stations ran out due to the delay in gasoline deliveries,” Brax added.



A Missile Strike from Yemen's Houthis Sets a Cargo Ship on Fire in Gulf of Aden

US destroyer in the Red Sea fires a missile against Houthi targets (Reuters)
US destroyer in the Red Sea fires a missile against Houthi targets (Reuters)
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A Missile Strike from Yemen's Houthis Sets a Cargo Ship on Fire in Gulf of Aden

US destroyer in the Red Sea fires a missile against Houthi targets (Reuters)
US destroyer in the Red Sea fires a missile against Houthi targets (Reuters)

Yemen's Houthi militants launched two anti-ship cruise missiles and struck a commercial ship Thursday in the Gulf of Aden off Yemen, setting it on fire and severely wounding one civilian mariner, authorities said.
The M/V Verbena was still ablaze and the mariner was flown by a US helicopter based on the USS Philippine Sea to another nearby ship for medical treatment, the US military's Central Command said.
In a statement, Central Command said the Verbena is a Palauan-flagged, Ukrainian-owned and Polish-operated bulk cargo carrier that had docked in Malaysia and was on its way to Italy carrying wood. “The M/V Verbena reported damage and subsequent fires on board. The crew continues to fight the fire,” the statement said.
The attack is the latest such assault in the Houthis' campaign over the Israel-Hamas war.
Earlier Thursday, the British military's United Kingdom Maritime Trade Operations center said a vessel had been attacked and had caught fire. And the private security firm Ambrey said a merchant vessel made a radio distress call saying it had been struck by a missile.
The Houthis later claimed the attack on the Verbena, as well as attacks on two other ships in the Red Sea. Central Command said the Houthis had launched two ballistic missiles in the Red Sea that caused “no injuries or significant damage.”
The UKMTO said one vessel earlier missed by the Houthis was hit by a “third projectile” that caused “minor damage." The vessel was able to remain underway, it said.
The attack on the Verbena follows the Houthis launching a boat-borne bomb attack against a commercial ship in the Red Sea on Wednesday.
Central Command also said it destroyed a Houthi drone boat and two patrol boats in the Red Sea, as well as one airborne drone.
The Houthis, who seized Yemen’s capital nearly a decade ago, have been targeting shipping throughout the Red Sea corridor.
They say the attacks are aimed at stopping the war and supporting the Palestinians, though the attacks often target vessels that have nothing to do with the conflict.
The war in Gaza has killed more than 36,000 Palestinians there, according to Gaza health officials, while hundreds of others have been killed in Israeli operations in the West Bank. It began after Hamas-led militants attacked Israel on Oct. 7, killing about 1,200 people and taking around 250 hostage.
The Houthis have launched more than 50 attacks on shipping, killed three sailors, seized one vessel and sunk another since November, according to the US Maritime Administration. A US-led airstrike campaign has targeted the Houthis since January, with a series of strikes May 30 killing at least 16 people and wounding 42 others, the militants say.
Also Thursday, the Washington-based National Democratic Institute said three of its staff were detained by the Houthis earlier this month. Their detention comes as staff of United Nations agencies and those working for aid groups also have been detained in a widening crackdown by the militants.
“This arbitrary and inhumane treatment of Yemeni citizens involved in humanitarian assistance, diplomacy, democracy and human rights, peacemaking and civil society development is entirely without foundation and must be ended immediately,” the institute said. It called for the “swift release by the Houthi regime of our staff, and of all individuals who have been unjustly detained.”
The institute is a democracy promotion organization that has worked in Yemen since 1993. It receives funding from the US government and others.