People walk as Israeli navy boats are seen in the Mediterranean Sea as seen from Rosh Hanikra, close to the Lebanese border, northern Israel May 4, 2021. REUTERS/Ammar Awad

The United States on Friday applauded efforts by Lebanon and Israel seeking to reach a decision on maritime boundaries and said it remains committed to facilitating the ongoing negotiations that will help determine oil and gas resources.

The Biden administration thinks a deal could “yield greater stability, security, and prosperity for both Lebanon and Israel, as well as for the region, and believes a resolution is possible,” State Department spokesman Ned Price said in a statement.

Lebanon and Israel are locked in US-mediated negotiations to delineate a shared maritime border that would help determine which oil and gas resources belong to which country. The dispute over their boundary has obstructed energy exploration in parts of the eastern Mediterranean and risks exacerbating tensions between two foes.

A US mediator met with Israeli negotiators last month after Lebanon put forward a proposal.

Earlier this week, the head of powerful armed group Hezbollah however warned “no one” would be allowed to operate in maritime oil and gas fields if Lebanon was barred from its “rights” in extracting from areas off of its own coast.

“Progress towards a resolution can only be reached through negotiations between the parties,” the US State Department’s Price said Friday.