Lebanese Hezbollah says Iranian oil will arrive this week

The leader of Hezbollah has used Iranian oil to help Lebanon in its financial crisis in Syria.

Lebanese Hezbollah leader Syed Hassan Nasrallah has said that the first Iranian oil shipment to help Lebanon in its financial crisis has been shut down in Syria.

Nasrallah, a staunch supporter of Hezbollah, said it had organized oil purchases from Iran to alleviate the shortage.

Nasrallah thanked Syria for accepting the offer on Sunday and for facilitating the transfer, and said she would arrive in Lebanon on Thursday.

In a televised address on Monday, Nasrallah said:

The arrival of the Iranian tanker has been uninterrupted for 13 months, just days after the formation of Lebanon’s new government. Lebanon’s new Prime Minister Najib Mikati has not commented on the deal.

Lebanon has no dollars to pay for oil, and daily life is paralyzed.

The state-owned power company is producing only a small amount of electricity, and businesses and households are almost entirely dependent on small private oil refineries.

The financial crisis has wiped out 90 percent of the Lebanese pound since 2019, raised food prices by more than 550 percent, and pushed three-quarters of the population into poverty. The World Bank calls it one of the deepest concerns in modern history.

Nasrallah said on Monday that a second oil tanker would arrive in the Syrian port of Banias, and a third and a fourth would carry gasoline and kerosene, respectively.

“We could have had a whole lot of ships, but not because we didn’t want to hurt anyone,” he said.

Syria, under US sanctions, relied heavily on oil supplies from its strong ally Iran, which sent thousands of fighters, including members of Hezbollah, to support President Bashar al-Assad’s forces during that 10-year conflict.

Nasrallah said the Syrian government was assembling dozens of tanks to deliver the fuel to the eastern Lebanese city of Albek.

‘Not for Profit or Business’

In Lebanon, Hezbollah’s opponents are in danger of being bought, especially by Washington, which has identified Hezbollah as a “terrorist group.”

Donald Trump’s administration He announced that he intends to reduce Iran’s oil sales to zero after the 2018 nuclear deal with Tehran was lifted by six world powers.

The United States, for its part, has supported efforts to alleviate Lebanon’s energy shortages by supplying Egyptian gas through Jordan and Syria.

Nasrallah praised the Lebanese authorities’ visit to Damascus this month.

He said the first shipment of Iranian oil would cost Lebanese pounds to hospitals, orphanages and the elderly, and that Hezbollah would supply gas stations linked to the group around the country.

“Our goal is not business or profit,” he said. Our goal is to alleviate the suffering of the people.

“We do not compete [with the state] But we want to add fuel to the market. ”

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