Egypt's stocks close in red on Monday as benchmark EGX 30 dips 0.07%    Egypt's stocks start week higher, benchmark EGX 30 gains 0.48%    Fitch affirms Egypt's long-term foreign currency issuer default rating at B+    The unvaccinated prohibited from entry to Egypt state institutions starting December 1    Russia to lift COVID restrictions on flights to Egypt's Red Sea resorts on Nov. 9    Egypt, Greece ink deal for first subsea power link between Europe and Africa    Egypt hosts regional conference of EU refugee agency EASO    SCOHRE sparks discussion on harm reduction, tobacco control    Egypt to receive first of six high-trains from Spain's Talgo in mid-November    Egypt's iron and steel exports jump 197% in 8 months    Ethiopia halts work at its embassy in Egypt for 'economic reasons'    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Over 100 officials resign from Tunisia's main Islamist party    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egyptian court bans use of mosques for political purposes    Brazil calls up 8 EPL players for World Cup qualifying    Refugees in fear as sentiment turns against them in Turkey    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Sisi calls on House, Senate to commence second legislative sessions on 3, 5 October    Huawei Technologies has invested $10 mln over 5 years in innovation centres in Egypt    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    Qa'a play showing at Lycee El Horreya Theatre, Alexandria is a must go    Orange Egypt Introduces Amazon Prime Video    Tokyo Olympics: Cautious opening ceremony, shy start for Egyptians in competitions    Mallawi Museum in Upper Egypt holds recycling workshop for children during Eid Al-Adha    Egypt keen on stable tax policies to attract more investors: Finance Minister    Sudan declares state of emergency as water goes beyond Merowe Dam capacity    Niagara Falls illuminated in Egyptian flag to mark 23 July Revolution anniversary    Capital flows into EM keep recovering after March 2020 slump: Central Bank of Egypt    1 child orphaned every 12 seconds due to COVID-19-associated death: World Bank    Egypt, Japanese Olympic Committee discuss boosting sports cooperation    US emphasises AU's role in mediating Ethiopian damdispute    Ethiopia ready to resume dam talks with no legally binding agreements: Ethiopian official    Sunken city of Thônis-Heracleion in Egypt's Abu Qir bay yields new archaeological treasures    New films, concerts, and destinations for Eid Al-Adha holidays    Egypt, Oman discuss enhancing bilateral economic, investment relations    Al Ahly v Kaizer Chiefs: Cairo giants eye 10th CAF Champions League title    Tunisia hopes to have a UN role in resolving Egypt-Ethiopia dam dispute    APO Group enters new exclusive agreement with Getty Images on African press releases and images    On International Museum Day, Egypt opens two new museums at Cairo Airport    Old Cairo's Al-Fustat will be revamped on Egyptian President's directives    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

Hezbollah says Iranian fuel tanker to sail to Lebanon soon
Published in Ahram Online on 19 - 08 - 2021

The leader of the Iran-backed Hezbollah militant group said Thursday that an Iranian fuel tanker will sail toward Lebanon ``within hours,'' warning Israel and the United States not to intercept it.
The delivery organized by Lebanon-based Hezbollah, would be an apparent violation of U.S. sanctions imposed on Tehran after former U.S. President Donald Trump pulled his country out of a nuclear deal between Iran and world powers three years ago.
Sayyed Hassan Nasrallah said in a televised speech that the tanker, carrying diesel fuel, will be followed by others to help ease Lebanon's crippling fuel shortage that has paralyzed the country for weeks.
Nasrallah did not say how Lebanon will pay for the fuel but in a previous speech he said Tehran could be paid in Lebanese pounds. The currency has lost more than 90% of its value since the country's economic crisis began in October 2019.
``I would like to say that at the moment the tanker sails _ within hours _ and moves in the sea, it will be considered in Lebanese territory,'' Nasrallah said. He said the West was imposing an undeclared siege on Lebanon, causing the current crisis.
Hezbollah and its allies accuse the U.S. and some Arab gulf nations of punishing Lebanon because of Hezbollah's military activities in other countries, including Syria and Iraq.
``I tell the Americans and the Israelis that this is Lebanese territory,'' Nasrallah said about the tanker, without elaborating on what his group will do if it is intercepted.
Neighboring Syria has blamed Israel for mysterious attacks that have targeted oil tankers heading from Iran to Syria this past year.
For weeks, Lebanese have been waiting in long lines at petrol stations to fill their car tanks. Diesel shortages amid severe power cuts have shut down thousands of private generators, leading to shortages of bread. Some hospitals have warned that patients could die because of the diesel shortage.
The shortages are blamed on smuggling, hoarding and the cash-strapped government's inability to secure deliveries of imported fuel.
Lebanon has for decades suffered electricity cuts, partly because of widespread corruption and mismanagement. The Mediterranean nation of 6 million _ including 1 million Syrian refugees _ is near bankruptcy.
The situation deteriorated dramatically last week after the central bank decided to end subsidies for fuel products. The decision will likely lead to a hike in the prices of almost all commodities in Lebanon.
Nasrallah said his group does not aim to ``defy anyone,'' by arranging the fuel shipment from Iran, but added that ``we cannot stand idle amid the humiliation of our people whether in front of bakeries, hospitals, gas stations and darkness at night.''
The move is likely to anger Hezbollah's opponents at home, who have warned that such a move could end up putting Lebanon under American sanctions.

Clic here to read the story from its source.