• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Wind droughts
  • 1 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 10 hours "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 10 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 5 hours "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 1 day Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 10 mins "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 10 hours The Federal Reserve and Money...Aspects which are not widely known
  • 2 hours Uniper is over - Germany (Government) buys the Company
  • 5 hours "How BlackRock Conquered the World" by James Corbett (all 3 parts)
  • 10 hours "Oil prices likely not responsible for inflation and other energy insights by hedge fund manager Josh Young" - Kitco News interview by David Lin
  • 13 days "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
  • 6 days "Dodgy Demand Data? The Oil Price Collapse Conspiracy" by Alex Kimani
  • 13 days "The Global Digital ID Prison" by James Corbett of CorbettReport.com
Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Premium Content

Hezbollah Threatens Israel With War Over Disputed Gas Field

  • Lebanon’s armed Hezbollah group threatened Israel that drilling at the Karish gas field could result in war.
  • Israel and Lebanon are in a years-long dispute over the demarcation of their territorial waters in the Mediterranean.
  • Israel has already warned early on that any damage to the drilling rig in Karish will result in an immediate reaction.

Lebanon’s armed Hezbollah group warned Israel on Sunday against drilling at an offshore gas field, renewing a threat that it could escalate the offshore border demarcation dispute to a war.

Hezbollah, backed by Iran, aired a video on its Al-Manar television channel, showing drone footage of Israeli barges at the gas field and their coordinates. The video ends with footage of a rocket with the words “within range” in Arabic and Hebrew. The text on the video message opens with “Playing with time is useless,” also in both languages.  

Israel and Lebanon, which do not have diplomatic relations, are in a years-long dispute over the demarcation of their territorial waters in the Mediterranean.

The dispute escalated this summer after UK’s Energean, which has been awarded the right to drill at the offshore Karish field, arrived on the site with a rig, prompting an immediate reaction from Beirut. The Lebanese president and the caretaker prime minister of the country accused Israel of violating Lebanon’s sovereignty.

Karish is the focus of the rift. According to Israel, Karish lies in its territorial waters. According to Lebanon, it falls within a triangle of contested waters because the two cannot agree where exactly the border passes.

Israel has already warned early on that any damage to the drilling rig in Karish—like attacks on any gas drilling rigs in its waters—will be construed as an attack on the state, implying there would be an immediate reaction.

The latest video threat from Hezbollah came as Amos Hochstein, U.S. Special Presidential Coordinator for the Partnership for Global Infrastructure and Investment, traveled to Lebanon on Sunday.

Hochstein was set to “discuss sustainable solutions to Lebanon’s energy crisis, including the Biden Administration’s commitment to facilitating negotiations between Lebanon and Israel on the maritime boundary,” the U.S. Department of the State said. “Reaching a resolution is both necessary and possible, but can only be done through negotiations and diplomacy,” the State Department added.  

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News