With Lebanon in dire straits, Hezbollah seeks to cast Iran as country’s savior

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Title : With Lebanon in dire straits, Hezbollah seeks to cast Iran as country’s savior
Link : With Lebanon in dire straits, Hezbollah seeks to cast Iran as country’s savior

Fuel prices in Lebanon rose Wednesday to new heights, with a single liter of 95-octane gasoline costing 71,600 pounds ($47) after a 45 percent price hike prompted by the ending of government subsidies. Even the price of donkeys has tripled over the past two weeks, compounding the severity of Lebanon’s economic crisis, which has brought it to the brink of complete collapse.

The disaster is seemingly being exacerbated by the Iran-backed Hezbollah terror group, which is a central part of the government and holds significant power in the absence of a functional leadership. Hezbollah could even be forcing this paralysis in an attempt to subjugate Lebanon to Tehran.

Lebanon’s economic and financial crisis has unfolded since late 2019, spiraling out of control in this country of over 6 million, of whom more than a million are Syrian refugees. A foreign currency shortage has crippled the import-dependent economy, leaving residents struggling to find fuel, medicines and basic supplies. Daily power outages last for hours, threatening hospitals and food stores, and draping entire neighborhoods in darkness.

The World Bank called it one of the worst crises since the 1850s and described Lebanon’s economic contraction as brutal. The national currency lost nearly 95% of its value, plunging the once middle-income country into poverty. Inflation and unemployment have soared and waves of professionals have migrated abroad, seeking a better life.

The political crisis is rooted in decades of corruption and mismanagement by a post-civil war political class that has accumulated debt and done little to encourage local industries. Banks, once a booming sector, have imposed informal capital controls and depositors are unable to freely access their accounts.

Lebanon has been promised billions in international assistance, pending a reform plan to deal with corruption. But vying for power and trading blame, the political elite never agreed.

It is difficult to predict where Lebanon is headed. Recovery doesn’t seem to be in the cards so long as Hezbollah, an extremist Shiite terror group, can act with impunity, apparently including trying to turn Lebanese citizens into beggars at the Islamic Republic’s doorstep.

This isn’t new for Hezbollah. When the coronavirus pandemic hit last year, it started pampering its Shiite supporters — and low-income families — with a range of benefits: a discount card for a new grocery shop chain that sells Iranian and Syrian products, new pharmacies with Iranian medications, and the brainchild of Hezbollah leader Hassan Nasrallah — a proposal to buy fuel from Iran.