In a landmark move, Lebanon and Cyprus signed a historic maritime boundary agreement on November 26, 2025, ending an 18-year stalemate over energy exploration rights in the eastern Mediterranean. The deal, inked at Beirut’s Baabda Palace, signals a new era of cooperation between the two nations. 💡
Lebanese President Joseph Aoun and Cypriot leader Nikos Christodoulides hailed the agreement as a "strategic achievement" during a joint press conference. The pact paves the way for offshore oil and gas drilling while unlocking future collaborations in tourism, telecom, and renewable energy projects. 🌐⚡
Backstory: A preliminary deal was first drafted in 2007, but political gridlock in Lebanon—fueled by regional disputes—kept it shelved until now. With tensions easing, both countries aim to fast-track an electricity grid link and seek World Bank backing for feasibility studies. 📈
Why it matters: The eastern Mediterranean is a hotspot for untapped energy resources, and this agreement could position the region as a key energy corridor for Europe. Christodoulides emphasized its potential to "boost regional stability" amid global energy shifts. 🌍🔋
