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Lebanon’s economic dependence on Saudi Arabia is dangerous

Last month, Lebanon’s prime minister, Saad Hariri, resigned in Saudi Arabia — only to later rescind his resignation. This sparked fear of a Saudi-backed war against Hezbollah, Iran’s Lebanese ally. Riyadh has few local military assets to confront the Shiite movement but could strangle Lebanon’s small open economy. Lebanon is deeply reliant on capital inflows […]
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