By Jaidaa Taha
Israel's recent assassination of Hezbollah chief Sayyed Hassan Nasrallah has sparked mixed reactions across the Middle East, with many Sunni-led states remaining silent. This silence highlights the divide between outraged populations and authorities who have normalized relations with Israel or are opposed to Hezbollah's ties with Iran.
Nasrallah, who led the Shi'ite armed group for over three decades, had made enemies beyond just Israel and the West. Gulf countries and the Arab League labeled Hezbollah a "terrorist organization" in 2016, although the League retracted this designation earlier this year.
While Saudi Arabia expressed concern over the situation in Lebanon, it did not mention Nasrallah specifically. Other Sunni-led states like Qatar, the UAE, and Bahrain have remained quiet on the matter. The UAE and Bahrain have even normalized relations with Israel recently.
The response from Bahrain has been particularly interesting, with reports of crackdowns on mourners and opposition figures expressing condolences for Nasrallah. Meanwhile, Egypt's President Abdel Fattah al-Sisi emphasized the importance of preserving Lebanon's sovereignty without directly addressing Nasrallah's death.
Overall, the region is mourning the loss of Nasrallah, with conflicting opinions on his legacy. While some praise his resistance against Israel, others criticize his involvement in the Syrian civil war and its impact on the region.
Analysis:
Israel's targeted killing of Nasrallah has exposed the complex dynamics in the Middle East, where regional powers navigate delicate relationships and conflicting interests. The silence from Sunni-led states reflects their nuanced positions on Hezbollah and Iran, as well as their strategic partnerships in the region.
For investors, this event could lead to increased geopolitical tensions and market volatility in the Middle East. It is essential to monitor developments in Lebanon and the broader region to assess potential risks and opportunities in the financial markets.
