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With Obama’s Cash, An Iranian Coup Takes Over Lebanon and Threatens Israel

Jacob Wohl

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Under the pressure of Iranian backed forces in his own country, Lebanese Prime Minister Saad Hariri announced his resignation on Saturday morning. Hariri said in part, “I have sensed what is being plotted covertly to target my life.”

Iran’s Foreign Ministry spokesman Bahram Qassemi said Hariri’s accusations were “unfounded and baseless,” according to the state-run Press TV.

Hariri was a pro-Saudi force in Lebanon and was considered to be relatively friendly to Israel. His resignation will present yet another battleground for the Saudi-Iranian proxy-war in the Middle East. Iran will almost certainly gain ground in this proxy-war, as it has made progress in the last few years to strengthen Hezbollah within Lebanon.

The Lebanese government is bifurcated along lines of those who support Saudi influence in the country, and those who support Iranian influence in the country. Hariri’s resignation, which he announced from inside Saudi Arabia, leaves the door open to an Iranian take over of the country, heightening the chances of armed conflict between Lebanon and Israel.

Lebanon’s sectarian power-sharing agreement says that Lebanon’s Prime Minister must be Sunni.  Parliament elected Michel Aoun, an Iranian ally, as president a year ago, which ended a two-year political struggle in the country. Intelligence analysts say that Saudi Arabia and Israel reluctantly allowed this appointment. Hariri’s resignation will likely make way for an Iranian backed Hezbollah influence grab inside Lebanon.

Riad Kahwaji, Founder of the Dubai-based Institute for Near East and Gulf Military Analysis, said “The political scene in Lebanon now and the way things will proceed reflect the Cold War that’s heating up between Iran and Saudi Arabia.”

Economists at the IMF expect Lebanon’s economy to continue to stagnate over the next 12 months, especially as Iran comes under pressure from the US. The dismal economic picture inside the nation, combined with an even stronger presence of Iranian and Russian expansionism in the region, could throw Lebanon into complete chaos.

Lebanon’s Economy Minister Raed Khoury said “Lebanon has gone through bigger crises and maintained stability.”

 

 

Jacob Wohl is the CEO and Head of Fixed Income and Interest Rates for Montgomery Assets, a proprietary trading and asset management firm based in Los Angeles, CA. Jacob Wohl is the host of the Offended America Podcast

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