A protest rally in Tehran to condemn the Israeli air strike that killed Hassan Nasrallah and several Hezbollah commanders in Lebanon. Getty
A protest rally in Tehran to condemn the Israeli air strike that killed Hassan Nasrallah and several Hezbollah commanders in Lebanon. Getty
A protest rally in Tehran to condemn the Israeli air strike that killed Hassan Nasrallah and several Hezbollah commanders in Lebanon. Getty
A protest rally in Tehran to condemn the Israeli air strike that killed Hassan Nasrallah and several Hezbollah commanders in Lebanon. Getty


The writing is on the wall for Iran's foreign policy


  • English
  • Arabic

September 29, 2024

Israeli Prime Minister Benjamin Netanyahu and his military establishment are unlikely to accept a truce that would deprive them of the momentum gained from their destruction of Hezbollah’s infrastructure and the assassination of the Lebanese group’s senior leadership, including most recently of secretary general Hassan Nasrallah.

Both American and French diplomats are well aware of this, which could be why they are granting Israel time before pushing for a ceasefire, while exploring ways for de-escalation that could open the door to a broader settlement later. This complex, multi-party settlement – probably requiring several co-sponsors – must inevitably involve Iran, which is navigating between a policy of restraint and seeking a deal that won’t force Tehran to reconsider its reliance on proxies.

The US administration of President Joe Biden, however, has become one of wishful thinking, more focused on waiting passively for opportunities than taking decisive action on major issues. It has thus earned a reputation for impotence, having adopted a policy of appeasement, which has left it in the backseat of a vehicle driven by reckless actors. Today, it finds itself clinging to anyone who might pull it out of the growing regional conflict, which the US does not want to be dragged into – and in this, it has found a common cause with Tehran.

To his credit, Mr Biden has so far succeeded in restraining Iran from engaging in a war with Israel, which would force the US into the conflict alongside Israel. This hasn’t been difficult, as Iran, from the outset, has had no desire for a direct war with Israel, instead preferring to rely on its proxies through what it calls the “unity of resistance” fronts, in response to Israeli aggression in Gaza.

Iran has distanced itself from Hamas after the group’s miscalculated attacks on October 7, and some of its leaders are pointing to the growing public weariness on the Palestine-Israel issue. They are claiming that Iranians want their government to, instead, focus on their economy and livelihoods. If true, this marks a significant shift in the country. While preserving its nuclear capabilities remains a priority, Iran’s regional policy now requires adaptation to new realities and developments, which could entail making some sacrifices.

Iran has distanced itself from Hamas, and some of its leaders are pointing to the growing public weariness on the Palestine-Israel issue

One key aspect of this adaptation involves reconsidering Tehran’s relations with its proxies, should it wish to reach a major agreement with the US – one that could lead to a gradual lifting of sanctions and normalisation of relations with Washington.

There are indications that Iran could be seeking a shift in strategy.

Last year, Tehran’s rapprochement with Riyadh led to a curb on Houthi attacks on Saudi Arabia – an achievement that stands in stark contrast to Washington’s efforts to get the Houthis to cease their attacks on shipping in the Red Sea. The most significant surprise, however, has come in recent days, with Iran’s leadership distancing itself from Hezbollah in its hour of need, just as its military leadership crumbled under unprecedented Israeli strikes.

Iran’s leaders, across the spectrum, adopted the stance that Hezbollah is capable of defending itself. While Israel bombarded southern Lebanon and attacked Hezbollah leaders in Beirut’s southern suburbs, the new administration in Tehran was said to be indirectly negotiating with the US on the sidelines of the UN General Assembly in New York. The message was clear: Iran does not want to engage in direct war with any nation.

For the first time, driven by developments in Lebanon, the Biden administration has forcefully proposed that Iran change its regional behaviour and use its influence with Hezbollah, and other proxies, to prevent further escalation of the conflict. Furthermore, the US requested that Iran persuade Hezbollah to withdraw north of the Litani River, as stipulated in the 2006 UN Security Council Resolution 1701 and cease its rocket attacks on Israel.

These indirect negotiations have aimed to reach major understandings that could eventually lead to direct meetings, should Iran agree to soften its doctrine and transform itself from an adversarial state to a neutral one. Iran would also need to help enable a ceasefire in Gaza through its influence over Hamas and an end to the war in Lebanon by using its influence over Hezbollah. In return, the US would offer incentives, such as lifting sanctions, reaching nuclear agreements and ending Tehran’s international isolation.

In Washington’s view, if Tehran can convince Hezbollah to de-escalate, the Biden administration might be able to persuade Israel to halt its military operations in Lebanon and cease its open-ended attacks of Hezbollah’s leadership. Whether this can be achieved in the aftermath of Nasrallah’s death – and the subsequent bullish remarks from Iran’s supreme leader, Ayatollah Ali Khamenei – remains to be seen.

The American and French proposals are driven by an awareness of Iran’s tough position as it watches Israel degrade Hezbollah. Tehran is unlikely to abandon its prized asset as a political entity; rather, it aims for Hezbollah to survive and regenerate itself under its aegis.

It is my understanding that Iran will not intervene in Israel’s war on Hezbollah unless it launches ground operations into Beirut. This is noteworthy because, for Tehran, Beirut seems to hold more importance than southern Lebanon. This is a puzzle that may reflect its need to draw a red line – and it has chosen the Lebanese capital.

Mr Netanyahu, meanwhile, is at the peak of his confidence. The Israeli Prime Minister’s stated goal has been the safe return of residents to his country’s north, along with international guarantees, and will therefore continue his campaign of aggression. He has shown little regard for the civilians that his campaign has displaced or the devastation it has caused in southern Lebanon, effectively turning it into another Gaza.

Regardless of the diplomatic efforts of Washington and Paris, the initiative remains firmly in Israel’s hands as long as American military aid continues and the Biden administration pledges to fight alongside Israel should the conflict escalate into a regional war. The initiative is also in Iran’s hands as long as it insists on using Lebanon as a supporting front for Hamas in Gaza.

Sooner or later, however, both Israel and Hezbollah will need to de-escalate. Hezbollah is losing while Israel risks getting bogged down in two wars.

It is cynical to wonder why Iran as well as key member of the international community have chosen to watch as Israel severely degrades Hezbollah. Could there be a broader preparation for Iran’s return to the international stage as a neutral state?

In any case, one crucial point remains: no matter how triumphant Mr Netanyahu feels, Israel will remain under siege and isolated as long as it continues to impose new realities through air strikes and forced displacement. If its leadership is truly wise, it would call for a truce, with the conditions appearing to be ripe for a settlement with Lebanon.

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Power: 240hp at 5,500rpm

Torque: 390Nm at 3,000rpm

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Expo details

Expo 2020 Dubai will be the first World Expo to be held in the Middle East, Africa and South Asia

The world fair will run for six months from October 20, 2020 to April 10, 2021.

It is expected to attract 25 million visits

Some 70 per cent visitors are projected to come from outside the UAE, the largest proportion of international visitors in the 167-year history of World Expos.

More than 30,000 volunteers are required for Expo 2020

The site covers a total of 4.38 sqkm, including a 2 sqkm gated area

It is located adjacent to Al Maktoum International Airport in Dubai South

Key changes

Commission caps

For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:

• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term). 

• On the protection component, there is a cap  of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).

• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated. 

• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.

• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.

Disclosure

Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.

“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”

Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.

Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.

“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.

Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.

While you're here

KEY HIGHLIGHTS

Healthcare spending to double to $2.2 trillion rupees

Launched a 641billion-rupee federal health scheme

Allotted 200 billion rupees for the recapitalisation of state-run banks

Around 1.75 trillion rupees allotted for privatisation and stake sales in state-owned assets

Scoreline

Australia 2-1 Thailand

Australia: Juric 69', Leckie 86'
Thailand: Pokklaw 82'

Specs

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Range: Up to 610km

Power: 905hp

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What's in the deal?

Agreement aims to boost trade by £25.5bn a year in the long run, compared with a total of £42.6bn in 2024

India will slash levies on medical devices, machinery, cosmetics, soft drinks and lamb.

India will also cut automotive tariffs to 10% under a quota from over 100% currently.

Indian employees in the UK will receive three years exemption from social security payments

India expects 99% of exports to benefit from zero duty, raising opportunities for textiles, marine products, footwear and jewellery

Updated: October 03, 2024, 10:42 AM`