Iran is ready to supply wheat to cash-strapped Lebanon, the Lebanese presidency has said, days after bakers told The National that supplies were dwindling and there were no fresh imports coming.
President Michel Aoun tweeted that Iranian Foreign Minister Hossein Amirabdollahian had assured him after their meeting in Beirut that Iran was ready to support Lebanon in all fields, “most notably in the provision of wheat”.
The country relied on Ukraine for about 96 per cent of its wheat imports and with countries around the world rushing to secure new supplies, importers said there was little appetite in selling to impoverished Lebanon. There were industry reports that issues at the central bank were also slowing down payments, making it harder to strike agreements.
Although the Lebanese pound is officially pegged at 1,507 against the US dollar, the country’s financial crisis has seen banks limit withdrawals and international payments and a black market has emerged, selling dollars at more than 20,000 pounds.
Bakers said that wheat importers were already rationing supplies to supermarkets amid widespread panic-buying.
Iran has close ties to Lebanon, most notably through its support for Hezbollah, the political party and militia.
The country’s financial crisis has caused savings to evaporate, pushed the price of staples out of reach and forced half of its people into poverty.
Israeli lawmaker resigns over ‘harassment’ of Palestinians, plunging government into parliamentary minority￼
Israel's fragile government lost its parliamentary majority on Thursday after an Arab-Israeli lawmaker resigned from the ruling coalition, accusing its leaders of fueling tensions between Israelis and Palestinians and condemning the violent intervention of police at...
Nearly 900,000 homes in southern Canada were left without power on Saturday after a severe storm hit the provinces of Ontario and Quebec. Seven people were killed by falling trees and a woman died when a boat capsized in the Ottawa River. Wind gusts reached 82 mph...
Submit your event
We will be happy to share your events. Please email us the details and pictures at firstname.lastname@example.org
P.O. Box: 311001 Independance, Ohio, 44131
+1 (216) 269 3272