Israel and Lebanon reach historic agreement to resolve a long-running maritime border dispute

People walking along the beach as a navy vessel patrols the Mediterranean waters off Rosh Hanikra, known in Lebanon as Ras al-Naqura, on the Israeli side of the border between the two countries, on October 7, 2022. Israel and Lebanon have brokered a historic agreement to resolve a long-running maritime border dispute on Tuesday, following months of negotiations mediated by the United States.

The maritime border dispute between Israel and Lebanon was resolved on Tuesday after months of negotiations.

"This is a historic achievement that will strengthen Israel's security, inject billions into Israel's economy, and ensure the stability of our northern border," said Israel's Prime Minister Yair Lapid.

The deal will strengthen Israel's security and deliver more affordable energy to countries around the world, he said.

The final draft of the U.S. brokered agreement was received by Lebanon.

The terms of the latest draft were said to be satisfactory by the President of Lebanon.

Israel and Lebanon have been at war for decades, with both countries vying for control of territory in the Mediterranean Sea, including the Karish gas field and Qana.

The border dispute between Israel and Lebanon has been going on since October 2020.

Amos Hochstein was thanked by the Israel president.