UK sounds alarm on economic consequences of Lebanon conflict

Britain's Foreign Secretary David Lammy has cautioned that the ongoing conflict in Lebanon, exacerbated by Israel's military actions, poses significant risks to both the Middle Eastern and global economies.

Lammy expressed his concerns, stating, “None of us wants a return to the years when Israel became entrenched in a prolonged conflict in southern Lebanon,” as Caliber.Az reports citing foreign media.

He further emphasized, “None of us wants a regional war. Its cost will be immense for the Middle East and will have considerable repercussions on the global economy.” He mentioned that London is in communication with Iranian officials, urging them to exercise restraint.

The situation escalated on September 23 when the Israel Defense Forces (IDF) initiated Operation Arrows of the North, targeting Hezbollah positions with extensive airstrikes on the militant group's facilities.

Notably, one of these strikes resulted in the death of Hezbollah Secretary General Sheikh Hassan Nasrullah in Beirut on September 27, which the Shiite group has confirmed, pledging to continue its resistance against Israel. On the night of October 1, the IDF also announced a limited ground operation in southern Lebanon's border areas.

By Tamilla Hasanova