Israel And Lebanon Reach Historic Agreement That Unlocks Oil And Gas Reserves

Israel and Lebanon have reached a “historic” agreement to settle their long-running dispute over their maritime border—an agreement that could pave the way to more oil and gas exploration in Eastern Mediterranean waters where major gas discoveries have been made in recent years. Israeli Prime Minister Yair Lapid “has, today, reached a historic agreement settling the maritime dispute with Lebanon,” the Israeli government said in a statement on Tuesday. “The draft agreement meets all the security and economic principles…