The repercussions of the Strait of Hormuz crisis are significant for Lebanon and the global economy, but they are not the only factor behind the rise in prices; the Russian refinery crisis is an additional and direct factor, especially since Ukraine targeted about 50 percent of the Russian refineries on which a large part of global markets, particularly Middle Eastern countries, rely.
Linking all problems to the war does not absolve the state of its responsibility to find solutions.
A report monitors the decline in consumption in Lebanon under the burden of high prices and eroding purchasing power, with warnings of a recession that may approach 10 percent and …
A report documenting the deterioration of living conditions in Lebanon, with shopping activity declining in major Beirut stores, purchasing power eroding and prices of goods and se…