President Biden announced that “after months of mediation by the U.S., the Governments of Israel and Lebanon have agreed to formally end their maritime boundary dispute and establish a permanent maritime boundary between them… The agreement announced by both governments today will provide for the development of energy fields for the benefit of both countries, setting the stage for a more stable and prosperous region and harnessing vital new energy resources for the world”. Prime Minister Lapid’s office indicated that “the draft agreement meets all the security and economic principles laid out by Israel”, while Lebanon’s president asserted: “The final version of the offer is satisfactory for Lebanon and answers its demands and preserves its rights to its national wealth”.