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Actually maritime borders have existed, in fact Lebanon agreed to it with Cyprus in 2007.
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If they existed then that would be valid, but they don't so they are not.
What you have are agreements between two different parties and a third party but no agreement between the two parties themselves and no joint agreement with the third party....which unfortunately puts the needed agreement between Israel and Lebanon and between Israel Cyprus and Lebanon firmly into the non existant stage.
Look at it another way, where does Israel, Lebanon and Cyprus recognise as the maritime border of the Republic of Northern Cyprus?
Same issue again especially in relation to oil exploration and pipelines but for fun it also adds two other countries into the mix as well as an occupied territory.