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Debunking the Gaza Oil Myth
Terrorists in Gaza using humanitarian aid bags to prop up rockets. Photo: Screenshot
The claim that Israel’s military actions in Gaza are motivated by a desire to seize Palestinian oil and gas resources has gained traction since October 2023. Reports and op-eds have been published by Al Jazeera, TRT World, and the Middle East Eye, with headlines such as “Israel’s Genocidal War on Gaza Is Also About Oil and Gas.” Various environmental NGOs have followed their lead, claiming that “this genocide is about oil.” These claims were further echoed by prominent anti-Israeli social media influencers such as Richard Medhurst and Jake Shields, who claimed that “massive amounts of oil have been discovered off of Gaza. After the genocide is completed, it will be rightfully Israel’s oil.” Even the poetry editor of the New York Times Magazine claimed that Israel’s war in Gaza was about “the deadly profit of oil interests” in her November 2023 resignation letter from the paper.
None of these claims has any basis in fact. Gaza does not have any known oil reserves. There are also no known assessments regarding potential oil in Gaza that is waiting to be explored. What Gaza does have is a small, undeveloped offshore natural gas field named “Gaza Marine.” The field was discovered in 2000, but was deemed too small to be commercially viable at the time. The field is estimated to contain only 30 BCM of natural gas, which is a small fraction of the more than 1,000 BCM of natural gas contained in Israel’s own territorial waters (in the Tamar, Leviathan, and Karish/Tanin fields). The idea that Israel would go to war over such a marginal gas field is absurd.
The primary source behind this disinformation campaign about Gaza’s alleged oil reserves is a UN body. Specifically, most of the accusations against Israel can be traced to a 2019 report by the United Nations Conference on Trade and Development (UNCTAD) entitled “The Economic Costs of the Israeli Occupation for the Palestinian People: The Unrealized Oil and Natural Gas Potential.” The report, written by Atif Kubursi, Professor Emeritus of Economics at McMaster University in Canada, states that “the Occupied Palestinian Territory lies above sizeable reservoirs of oil and natural gas wealth,” to the tune of “tens, if not hundreds, of billions of dollars.” It also claims that there are $524 billion worth of energy reserves in the Levant Basin, a bounty that could be shared among the different parties in the region if not for Israel’s “occupation of the Palestinian people.”
Critics of Israel have latched onto the $524 billion figure from the UNCTAD report to argue that Israel’s war in Gaza is driven by a desire to seize its energy assets. However, the report did not attribute these resources to Gaza or the West Bank but to the entire Levant Basin, which includes Israel, Egypt, Lebanon, Syria, and Cyprus. The report estimates that Palestinians have lost approximately $2.57 billion in potential revenue from Gaza Marine due to their inability to develop the field. This revenue could, however, be recouped once the field is developed. Egypt was poised to develop the field and share the revenue with the Palestinian Authority, with the approval of the Israeli government, if not for the current war.
In addition, the report points to the Meged oil field – located primarily within Area C of the West Bank – as another possible source of revenue for Palestinians. However, the report deliberately inflates the significance of the field by relying on outdated figures. The report estimates that the field might contain 1.5 billion barrels of oil and have a potential market value of $71 billion, but these figures are based on unsourced PR claims (rather than available geological evidence) that were released prior to commercial production. These assessments have been proven incorrect following repeated attempts to develop the field. Between 2011 and 2016, the field produced only 1 million barrels and shut down due to technical difficulties and dwindling output. The fact that the field has already been proven economically nonviable was ignored in the report, which continued to cite the debunked assessments.
Even under optimal conditions, the Meged field would not produce enough oil to be a central motivator for Israeli military action in the West Bank. This becomes especially clear when considering that a large part of the field is in Israeli territory, so Israel would not have to occupy Area C to access it and produce from it.
The misleading interpretation of the 2019 UNCTAD report could have been dismissed as an innocent mistake, had UNCTAD itself not deliberately presented the findings in such a way. On its website and subsequent press releases, UNCTAD advertised its report with the headline “The unrealized potential of Palestinian oil and gas reserves.” It continued this misrepresentation with the subhead, “Oil and natural gas resources in the occupied Palestinian territory could generate hundreds of billions of dollars for development.” Again, the report does not attribute these numbers to the Palestinian Territories but to the entire Levant Basin, a fact that cannot be inferred from the headline. Moreover, the UNCTAD press release repeats the claim that “Geologists and resource economists have confirmed that the occupied Palestinian territory lies above sizeable reservoirs of oil and natural gas,” a bald assertion that is not substantiated in the report.
The UNCTAD report has also been criticized for inflating additional figures and relying on dubious conspiracy blogs as its sources of data, raising serious doubts about the credibility and intentions of its author. The political newsletter “Twilight of Greed” took a deep dive into the report and discovered false and deliberately misleading arguments. For example, the report frequently cites the works of Michel Chossudovsky, who is known for spreading antisemitic conspiracy theories about how the Jews were behind the 9/11 attacks and who was accused by the US State Department in 2020 of being a proxy for a Russian disinformation campaign. Despite this, the report cites Chossudovsky 11 times, making him the single most-cited author in the entire report. It even prints his false assertion that the Gaza Marine field is secretly connected to Israeli underwater infrastructure and is slowly being depleted.
It is appalling that an official UN body would approve of such a report and then continue to publicize it with false claims about its content. One of the most troublesome aspects of the narrative is how quickly it has spread on social media, bolstered by a broader anti-Israeli and anti-imperialist sentiment. Despite efforts by experts to debunk these myths, they have become entrenched in the discourse surrounding the Israeli-Palestinian conflict. These claims have been difficult to counter due to the viral nature of social media misinformation. By the time experts began addressing the flaws in the narrative, the theory had gained millions of adherents online.
The ongoing conflict between Israel and Gaza is driven by far more complex political, historical, and security concerns than the control of natural gas or oil. Israel’s current and previous wars in Gaza have focused primarily on security threats posed by Hamas and other militant groups, as well as broader territorial and political disputes. The Gaza Marine and Meged fields, while valuable in an economic sense, are not significant enough to drive military action. The spread of the Gaza oil myth reflects the dangers of relying on dubious sources and conspiracy theories to explain complex geopolitical conflicts. These dangers are only worsened when an official UN body knowingly pushes these theories to center stage, permitting reckless ideologues to launder their viewpoints and providing them with unwarranted credibility.
Dr. Elai Rettig is an assistant professor in the Department of Political Studies and a senior research fellow at the Begin-Sadat Center for Strategic Studies at Bar-Ilan University. He specializes in energy geopolitics and national security.
Lee Wilcox is a California-based writer and editor for the American political and historical newsletter “Twilight of Greed.” He currently studies US History at the University of California, Davis.
A version of this article was originally published by The BESA Center.
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Iran Rejects US Nuclear Proposal, Says ‘Counteroffer’ Coming as Talks Stall Over Uranium Enrichment, Sanctions
Iran’s Supreme Leader Ayatollah Ali Khamenei speaks during a meeting in Tehran, Iran, May 20, 2025. Photo: Office of the Iranian Supreme Leader/WANA (West Asia News Agency)/Handout via REUTERS
Iran has denounced the latest nuclear proposal from the United States as “unprofessional and untechnical,” reaffirming the country’s right to enrich uranium and announcing plans to present a counteroffer in the coming days.
“After receiving the American proposal regarding the Iranian nuclear program, we are now preparing a counteroffer,” Ali Shamkhnai, political adviser to Iran’s Supreme Leader Ayatollah Ali Khamenei, said in an interview on Wednesday.
Shamkhani criticized the White House draft proposal as “not well thought out,” emphasizing its alleged failure to address sanction relief — a key demand for Tehran under any deal with Washington.
“There is no mention whatsoever of lifting sanctions in the latest American proposal, even though the issue of sanctions is a fundamental matter for Iran,” Shamkhnai said.
The Iranian official also warned that Tehran will not allow the US to dismantle its “peaceful nuclear program” or force uranium enrichment down to zero.
“Iran will never relinquish its natural rights,” Shamkhani said.
Washington’s draft proposal for a new nuclear deal was delivered by Omani officials — who have been mediating negotiations between Iranian Foreign Minister Abbas Araghchi and US Special Envoy to the Middle East Steve Witkoff — during last month’s talks in Rome.
On Wednesday, Khamenei dismissed such an offer, saying it “contradicts our nation’s belief in self-reliance” and runs counter to Iran’s key objectives.
“The proposal that the Americans have presented is 100 percent against our interests,” the Iranian leader said during a televised speech.
“The rude and arrogant leaders of America repeatedly demand that we should not have a nuclear program. Who are you to decide whether Iran should have enrichment?” Khamenei continued.
After five rounds of talks, diplomatic efforts have yet to yield results as both adversaries clash over Iran’s demand to maintain its domestic uranium enrichment program — a condition the White House has firmly rejected.
In April, Tehran and Washington held their first official nuclear negotiation since the US withdrew from a now-defunct 2015 nuclear deal that had imposed temporary limits on Iran’s nuclear program in exchange for sanction relief.
Since taking office, US President Donald Trump has sought to curtail Tehran’s potential to develop a nuclear weapon that could spark a regional arms race and pose a threat to Israel.
Meanwhile, Iran seeks to have Western sanctions on its oil-dependent economy lifted, while maintaining its nuclear enrichment program — which the country insists is solely for civilian purposes.
As part of the Trump administration’s “maximum pressure” campaign against Iran — which aims to cut the country’s crude exports to zero and prevent it from obtaining a nuclear weapon — Washington has been targeting Tehran’s oil industry with mounting sanctions.
Amid the ongoing diplomatic deadlock, Israel has declared it will never allow the Islamist regime to acquire nuclear weapons, as the country views Iran’s nuclear program as an existential threat.
However, Israeli Prime Minister Benjamin Netanyahu pledged to uphold any agreement that prevents Tehran from enriching uranium.
“But in any case, Israel maintains the right to defend itself from a regime that is threatening to annihilate it,” Netanyahu said in a press conference last month, following reports that Jerusalem could strike Iranian nuclear sites if ongoing negotiations between Washington and Tehran fail.
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Day After Colorado Attack, Founder of Anti-Israel Group Chides Activists Who Are Insufficiently ‘Pro-Resistance’
Nerdeen Kiswani, founder of WithinOurLifetime (WOL), leading a pro-Hamas demonstration in New York City on Aug. 14, 2024. Photo: Michael Nigro via Reuters Connect
Nerdeen Kiswani, the founder of the radical anti-Israel organization Within Our Lifetime, chastised those within the pro-Palestinian movement who only support “resistance” in the abstract but not in practice following Sunday’s antisemitic attack in Boulder, Colorado.
“A lot of people who call themselves anti-Zionist or pro-resistance don’t actually understand what resistance is,” Kiswani posted on X/Twitter on Monday. “They support it in theory, but when it shows up in practice, they hesitate, distance themselves, or shift the conversation entirely.”
She continued, “And it makes it even harder for those of us who are principled to take public stances. We’re already marginalized, already painted as extreme or dangerous and that isolation only deepens when others in the movement won’t stand firm when it counts.”
Kiswani’s comments came the day after a man threw Molotov cocktails at a Boulder gathering where participants were rallying in support of the Israeli hostages who remain in captivity in Gaza — which resulted in 15 injuries, including some critically, in what US authorities called a targeted terrorist attack. Her tweets also came less than two weeks after a gunman murdered two Israeli embassy staffers in Washington, DC, while they were leaving an at the Capital Jewish Museum hosted by the American Jewish Committee. In both attacks, the perpetrator yelled “Free Palestine” as they targeted innocent civilians, according to the Federal Bureau of Investigation (FBI).
After Kiswani’s social media posts sparked some backlash among pro-Israel users on X, she provided limited pushback on the idea that it was an expression of support for the prior day’s attack in Colorado.
“Zionists are freaking out in the QTs about this, insisting it’s about Colorado,” she wrote. “Newsflash: the world doesn’t revolve around you. Resistance hasn’t stopped in Gaza, look at what just happened in Jabalia [where three IDF soldiers were killed] for instance. The perpetual victimhood is getting old.”
However, Kiswani did not say her comment had no connection to the attack in Colorado, and she did not say that she opposed the firebombing.
Kiswani and her group, Within Our Lifetime (WOL), have been at the forefront of anti-Israel and pro-Hamas activism since Hamas-led Palestinian terrorists killed 1,200 people and abducted 251 hostages during their invasion of southern Israel on Oct. 7, 2023, a massacre that started the war in Gaza.
On Oct. 8, 2023, one day after the biggest single-day slaughter of Jews since the Holocaust, WOL organized a protest to celebrate the prior day’s attack, which it described as an effort to “defend the heroic Palestinian resistance.” Kiswani notably refused to condemn Hamas and the Oct. 7 massacre following the atrocities.
Then, in Apil 2024, Kiswani refused to condemn the chant “Death to America” and organized a mass demonstration to block the “arteries of capitalism” by staging a blockade of commercial shipping ports across the world in protest of Western support for the Jewish state. That same month, she was banned from Columbia University’s campus in New York City after leading chants calling for an “intifada,” or violent uprising.
The following month, Kiswani led a demonstration in Brooklyn, New York in which she lambasted the local police department, claimed then-US President Joe Biden will soon die, and called for the destruction of Israel.
That proceeded the activist saying she does not want Zionists “anywhere” in the world while speaking in defense of a person who called for “Zionists” to leave a crowded subway car in New York City.
WOL, which planned a protest last year to celebrate the one-year anniversary of the Oct. 7 massacre, was also behind demonstrations at the Nova Music Festival exhibit, which commemorated the more than 300 civilians slaughtered by Hamas while at a music festival.
The latter protest prompted widespread condemnation, including from Biden and even progressive members of the US Congress who are outspoken against Israel.
US Rep. Alexandria Ocasio-Cortez (D-NY), for example, posted on social media that the “callousness, dehumanization, and targeting of Jews on display at last night’s protest outside the Nova Festival exhibit was atrocious antisemitism – plain and simple.”
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Israel’s Defense Exports Hit Record $15 Billion in 2024 Despite European Pressure, Calls for Arms Embargo
Israeli troops on the ground in Gaza. Photo: IDF via Reuters
Israel reached a new all-time high in defense exports in 2024, nearing $15 billion — the fourth consecutive year of record-breaking sales — despite mounting international criticism over the war in Gaza and growing pressure from European countries to suspend arms deals.
In a press release on Wednesday, Israel’s Defense Ministry announced that defense exports reached over $14.7 billion last year — a 13 percent increase from 2023 — with more than half of the deals valued at over $100 million.
According to the ministry, Israel’s military exports have more than doubled over the past five years, highlighting the industry’s rapid expansion and growing global demand.
“This tremendous achievement is a direct result of the successes of the IDF [Israel Defense Forces] and defense industries against Hamas in Gaza, Hezbollah in Lebanon, the Houthis in Yemen, the Ayatollah regime in Iran, and in additional arenas where we operate against Israel’s enemies,” Israeli Defense Minister Israel Katz said in a statement.
“The world sees Israeli strength and seeks to be a partner in it. We will continue strengthening the IDF and the Israeli economy through security innovation to ensure clear superiority against any threat – anywhere and anytime,” Katz continued.
In 2024, over half of the Jewish state’s defense contracts were with European countries — up from 35 percent the previous year — as many in the region have increased their defense spending following Russia’s 2022 invasion of Ukraine.
Despite increasing pressure and widespread anti-Israel sentiment among European governments amid the current conflict in Gaza, this latest data seems to contradict recent calls by European leaders to impose an arms embargo on the Jewish state over its defensive campaign in Gaza against the Palestinian terrorist group Hamas.
On Wednesday, Germany reversed its earlier threat to halt arms deliveries to Israel, reaffirming its commitment to continue cooperation and maintain defense contracts with Jerusalem.
“Germany will continue to support the State of Israel, including with arms deliveries,” German Foreign Minister Johann Wadephul told lawmakers in parliament.
Last week, Berlin warned it would take unspecified measures against Israel if it continued its military campaign in Gaza, citing concerns that exported weapons were being used in violation of humanitarian law.
“Our full support for the right to exist and the security of the State of Israel must not be instrumentalized for the conflict and the warfare currently being waged in the Gaza Strip,” Wadephul said in a statement.
Germany would be “examining whether what is happening in the Gaza Strip is compatible with international humanitarian law,” he continued. “Further arms deliveries will be authorized based on the outcome of that review.”
Spain and Ireland are among the countries in Europe that have threatened or taken steps to limit arms deals with Israel, while others such as France have threatened unspecified harsh measures against the Jewish state.
According to the Israeli defense ministry’s report, since the outbreak of war on Oct. 7, 2023, after the Hamas-led invasion of and massacre across southern Israel, the operational successes and proven battlefield performance of Israeli systems have fueled strong international demand for Israel’s defense technology.
Last year, the export of missiles, rockets, and air defense systems reached a new high, making up 48 percent of the total deal volume — up from 36 percent in 2023.
Similarly, satellite and space systems exports surged, accounting for 8 percent of total deals in 2024 — quadrupling their share from 2 percent in 2023.
While Europe dominated Israel’s defense export market in 2024, significant portions also went to other regions. Asia and the Pacific made up 23 percent of total sales — slightly lower than in previous years, when the region approached 30 percent.
Exports to Abraham Accords countries fell to 12 percent, down from 23 percent in 2022, while North America remained stable at around 9 percent.
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