Israel Confirms Lebanon’s Approval of its Share in Karish Gas Field

London-based Energean’s drill ship begins drilling at the Karish natural gas field offshore Israel in the east Mediterranean May 9, 2022. REUTERS/Ari Rabinovitch
London-based Energean’s drill ship begins drilling at the Karish natural gas field offshore Israel in the east Mediterranean May 9, 2022. REUTERS/Ari Rabinovitch
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Israel Confirms Lebanon’s Approval of its Share in Karish Gas Field

London-based Energean’s drill ship begins drilling at the Karish natural gas field offshore Israel in the east Mediterranean May 9, 2022. REUTERS/Ari Rabinovitch
London-based Energean’s drill ship begins drilling at the Karish natural gas field offshore Israel in the east Mediterranean May 9, 2022. REUTERS/Ari Rabinovitch

An agreement put forward by US mediator Amos Hochstein stipulated that Lebanon gain control over the Qana field in exchange for granting Israel full rights in the Karish oil field, well-informed sources in Tel Aviv said.

The sources noted that most politicians in Lebanon have voiced support for this agreement, except for the Shiite duo Hezbollah and Amal.

The draft agreement reached by Hochstein stated that the dispute was limited to an area of 860 square kilometers, not 2,350 km as previously claimed by Lebanon.

Tel Aviv, however, is asking for guarantees that the Shiite duo would abide by the Lebanese official position and that it would refrain from threatening the Israeli wells.

These Israeli fears emerged after Hezbollah launched three drones towards the Israeli Exclusive Economic Zone (EEZ) on Saturday.

Another drone was launched towards the Israeli EEZ earlier last week, before being shot down by an Israeli aircraft near the border with Lebanon.

In an attempt to persuade Israel to respond positively to the agreement with Lebanon, Hochstein is set to visit Israel next week, as part of the delegation accompanying President Joe Biden to the region. He will meet with Energy Minister Karine Elharrar and other officials in Tel Aviv to finalize the agreement.

The Israeli Broadcasting Corporation (KAN 11) quoted a high-ranking Israeli official as pointing to the “possibility of achieving great progress in the file of demarcating the maritime border with Lebanon during Hochstein’s expected visit,” noting that the American mediator will convey to Israel the Lebanese stance.



US Imposes Sanctions on Iran and Houthi-related Targets

Houthi fighters take part in a parade during a mobilization campaign, in Sanaa, Yemen, 18 December 2024. EPA/YAHYA ARHAB
Houthi fighters take part in a parade during a mobilization campaign, in Sanaa, Yemen, 18 December 2024. EPA/YAHYA ARHAB
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US Imposes Sanctions on Iran and Houthi-related Targets

Houthi fighters take part in a parade during a mobilization campaign, in Sanaa, Yemen, 18 December 2024. EPA/YAHYA ARHAB
Houthi fighters take part in a parade during a mobilization campaign, in Sanaa, Yemen, 18 December 2024. EPA/YAHYA ARHAB

The United States on Thursday imposed sanctions on Iran and Houthi-related entities, according to the Treasury Department website which listed a number of individuals, companies and vessels that had been targeted.

The sanctions target three vessels involved in the trade of Iranian petroleum and petrochemicals, which generate billions of dollars for Iran's leaders, the Treasury said, supporting its nuclear program, development of ballistic missiles and financing of proxies including Lebanon’s Hezbollah, Hamas in the Gaza Strip and the Houthis in Yemen.

“The United States is committed to targeting Iran’s key revenue streams that fund its destabilizing activities,” Bradley Smith, acting under secretary for terrorism and financial intelligence, said in a release. Smith said Iran relies on a shadowy network of vessels, companies, and facilitators for those activities.

The vessels targeted were the Djibouti-flagged crude oil tanker MS ENOLA, owned by Journey Investment company, the San Marino-flagged MS ANGIA, and the Panama-flagged MS MELENIA. The last two tankers are managed and operated by Liberia- and Greece-registered Rose Shipping Limited, Treasury said.

The Treasury also sanctioned a dozen individuals, including the head of the Houthi-aligned Central Bank of Yemen branch in Sanaa, for their roles in trafficking arms, laundering money, and shipping illicit Iranian petroleum for the benefit of the Houthi militias.

It said that among the persons designated are key smuggling operatives, arms traffickers, and shipping and financial facilitators who have enabled the Houthis to acquire and transport an array of dual-use and weapons components, as well as generate revenue to support their destabilizing regional activities.

The sanctions block all property and interests in the United States of the designated parties and US persons and entities dealing with them could be exposed to sanctions or enforcement actions including fines.