Brent crude hit $82.53 today as United States and Israel continued strikes on Iran. Iraqi output cuts and tanker disruptions have sparked supply fears worldwide.
The war is ravaging global energy markets, prompting traders to reassess risks to global energy supply and logistics, and driving up prices for petroleum derivatives.
In 2018, international partners pledged billions to build the Lebanese economy under the banner of the CEDRE conference. As Lebanon makes its first seismic reforms in years, CEDRE remains in the popular imagination.
Lebanon’s Court of Audit enforces financial recovery from ex-ministers and telecom companies to reclaim public funds lost through mismanagement. Their fines remain largely symbolic.
The core problem exacerbated since 2019 is not just a financial gap, but the collapse of trust between banks and depositors, halting both credit and savings.
