Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Beirut says French plan for Lebanon-Israel truce could be 'step' to stability

Published 15/03/2024, 17:06
Updated 15/03/2024, 18:00
© Reuters. FILE PHOTO: Clouds of smoke rise from Lebanon's Bekaa Valley, as sources in Lebanon reported Israeli airstrikes killed at least two Hezbollah members, February 26, 2024 in this still image taken from social media video via REUTERS/File Photo

BEIRUT (Reuters) - Lebanon sees a French proposal meant to end hostilities with Israel and settle a border dispute as a possible "significant step" towards peace, according to a letter by Lebanon's foreign ministry dated Friday and seen by Reuters.

Lebanese armed group Hezbollah has been exchanging fire with Israel across Lebanon's southern frontier since October in parallel with the Gaza war. Diplomatic efforts have sought to halt hostilities to prevent a wider conflict breaking out.

The French plan was submitted to Lebanon last month and the details were first reported by Reuters. It outlines three phases in which military operations would cease, Lebanese armed groups would withdraw combat forces and Lebanese regular army troops would be deployed in the south.

To succeed, any deal would need approval from the Iranian-backed Hezbollah, which holds significant sway over the Lebanese state. Hezbollah says it will not stop clashing with Israel until an Israeli-Hamas ceasefire is reached in Gaza.

In its letter addressed to the French embassy, the Lebanese foreign ministry said Beirut "believes that the French initiative could be a significant step" towards peace and security in Lebanon and the broader region.

It did not address the specific steps outlined in France's proposal, but said U.N. Security Council Resolution 1701 - which ended the last big war between Hezbollah and Israel in 2006 - was the "cornerstone to realising enduring stability".

That resolution calls for non-state armed actors to quit south Lebanon and Lebanese army troops to deploy there.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Friday's letter said that "Lebanon does not seek war" but wanted a halt to what it called Israeli violations of Lebanon's territorial sovereignty by land, air and sea.

Once violations stop, it said, Lebanon would commit to resuming tripartite meetings with U.N. peacekeepers and Israel "to discuss all disputes and reach an agreement on a full and comprehensive implementation of UNSC 1701".

U.S. envoy Amos Hochstein is also in talks with Lebanon on reaching a diplomatic resolution to the border fighting.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.