In Lebanon, Deir Ammar Power Plant and Zahrani Power Plant, which supplies 40 percent of the country’s electricity needs, stopped production for more than 24 hours due to fuel shortages. The army’s fuel reserves were supplemented to make the power plants operational again. Lebanese think that the power outage in the country is due to widespread corruption in the sector, and they attribute this corruption to the failure of politicians. The power outage directly affects the Lebanese economy. It causes disruptions in key sectors such as industry, agriculture, health.

It is expected that an Iraqi tanker carrying 36 thousand tons of fuel for the 2 power plants, where electricity production was stopped on October 20, will arrive in Lebanon.

lebanon outage power

VideoWORLDECONOMYPOLITICS

EU Warns US Tariffs Could Trigger De Facto Trade Ban

On Jul 14, 2025

EU Trade Commissioner Maros Sefcovic warned that a proposed 30% US tariff on European goods would effectively amount to a trade ban, severely disrupting transatlantic supply chains.

Speaking ahead of the EU Foreign Affairs Council in Brussels, Sefcovic expressed disappointment over a letter from US President Donald Trump that halted expected trade progress. “We were close to an agreement,” he said, but now “must prepare for all outcomes.”

The EU has delayed retaliatory measures on $72 billion worth of US goods until August 1, hoping for a negotiated resolution. Sefcovic emphasized that “no one wants a trade war,” while France urged faster preparation for countermeasures and Hungary blamed the EU Commission’s weak response to US pressure.

Danish and Lithuanian ministers echoed calls to avoid escalation but emphasized EU readiness to defend its interests.

Prev 1 of 6 Next

EU Maros Sefcovic Tariffs Trade Commissioner US

power outage continues paralyzing lebanon

EU Warns US Tariffs Could Trigger De Facto Trade Ban