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Israeli attacks push Lebanon deeper into economic crisis (VIDEO)

RT English · 2026-08-16

AI SUMMARY

• What happened: Israeli military actions have intensified Lebanon's economic crisis, damaging homes and farmland, with significant increases in gasoline, food, and rent prices. • Why it matters: Over a third of Lebanon's population now lives below the poverty line, and the destruction of agricultural land threatens food security and could lead to social unrest. • What to watch next: The international community's response to the ongoing conflict and its impact on Lebanon's stability and humanitarian situation will be crucial in the coming months.

**Israeli Attacks Push Lebanon Deeper into Economic Crisis**

Beirut, Lebanon – The ongoing conflict with Israel has exacerbated Lebanon's already dire economic situation, leaving many families struggling to survive amidst rising prices and widespread destruction. Reports from RT correspondent Steve Sweeney highlight the severe impact of Israeli military actions on Lebanese communities, particularly in the southern regions of the country.

Lebanon has been grappling with a financial crisis that began with a collapse in 2019. This crisis has intensified due to recent hostilities, which have resulted in significant damage to homes and agricultural land. According to the Lebanese Agriculture Ministry, approximately 56,000 hectares (138,000 acres) of farmland have been affected by Israeli attacks, representing about 22% of the agricultural land in conflict-impacted areas.

The economic toll is evident, as basic necessities become increasingly unaffordable. Gasoline prices surged by around 25% in February, while food and rent costs rose by approximately 20% over the past year. The World Bank estimates that more than a third of Lebanon's population now lives below the poverty line, a situation that has been exacerbated by the ongoing violence and instability.

Local residents express deep concern over the deteriorating conditions. A taxi driver in Beirut warned that if the economic situation does not improve, it could lead to social unrest. "If the economic situation continues as it is, I’m telling you, there will be a social explosion. People will turn against one another because when hunger strikes, boundaries disappear," he stated. This sentiment reflects a growing anxiety among the population, which feels increasingly vulnerable and dependent on international aid for survival.

The Lebanese economy has been further strained by unpaid wages, which have become a common issue for many workers. As families struggle to make ends meet, the prospect of a stable future appears increasingly bleak. The combination of rising costs and diminishing resources paints a grim picture for many Lebanese citizens.

In addition to the immediate economic repercussions, the long-term effects of the conflict on agriculture could have lasting implications for food security in Lebanon. The destruction of farmland not only threatens the livelihoods of farmers but also the overall food supply for the country, which has historically relied on its agricultural sector.

The situation remains precarious as Lebanon continues to navigate the complexities of its economic crisis amid ongoing tensions with Israel. The international community's response will be crucial in determining the future stability of Lebanon and the well-being of its citizens. As the conflict persists, the hope for a resolution that addresses both the humanitarian and economic challenges remains uncertain.

Source: RT English
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