The conflict between Israel and Hezbollah is centered on the border with Lebanon, unlike the rocket fire from Gaza Strip. While Tehran’s involvement in the terrorist organization’s activities has caused some surprise, Nasrallah, Hezbollah’s leader, is acutely aware of the impact of the Second Lebanon War on the memory and consciousness of the Lebanese people.
Lebanon is currently facing a severe economic crisis, with hyperinflation leading citizens to turn to cryptocurrency to protect their savings. The constant erosion of the Lebanese pound has worsened this crisis, and ongoing fighting with Hezbollah is only exacerbating it further. This has led to potential recruitment of citizens from weaker strata into Hezbollah’s ranks.
The destruction in southern Lebanon is causing significant economic damage to an agriculture-focused region and leading to mass evacuations of tens of thousands of people. The economy as a whole is feeling this impact as well since southern Lebanon is a major center for agricultural activity in the country.
Hezbollah, a state-identified terrorist organization with political influence in the Lebanese government, poses a significant threat to tourism industry in Lebanon which accounts for around 20% of its GDP. The ongoing conflict with Hezbollah is a major concern for this successful industry, and efforts are being made for peace negotiations in order to resolve it as soon as possible.
Despite ongoing conflict, there exists potential for a peaceful resolution if ceasefire efforts are successful on both sides. Efforts for peace are motivated by both parties’ desire to avoid further economic consequences that could arise from prolonged fighting.
In summary, while tensions remain high between Israel and Hezbollah on their shared border with Lebanon, efforts towards peace negotiations are underway due to concerns about economic stability and growth within Lebanon itself.