French President Emmanuel Macron looks on during the COP23 U.N. Climate Change Conference in Bonn, Germany, November 15, 2017. Image Credit: REUTERS

Paris: French President Emmanuel Macron is trying on a new mantle: Mideast peacemaker. He’s trying to defuse Lebanon’s political crisis and preserve regional stability, by leveraging France’s trade relations with rival players in the region and historical ties to its former protectorate.

It’s a risky gambit, but Macron may be better placed than anyone right now to succeed.

Much will depend on what happens when Lebanese Prime Minister Sa’ad Hariri comes to France and meets Macron on Saturday.

Macron says he invited Hariri and his family for a few days and wants him to return to Lebanon soon.

While Macron insists that he’s not offering “exile,” Hariri’s return could be complicated by Lebanon’s internal tensions.

Analysts say France, where Hariri frequently stays thanks to decades-old family ties here, could be a safe place to wait those out.

The invitation is part of what’s shaping up as a broader Macron strategy to reassert French influence in the region, while the US under President Donald Trump is increasingly seen as unpredictable or disengaged.

Macron’s office said France’s strategy is to talk to all powers in the region and not to appear as choosing a camp.

That’s especially important, and delicate, when it comes to Lebanon.

Saudi Arabia is locked in a feud for influence in the region with its main rival, Iran—and both countries support opposite sides in Lebanon.

Hariri announced his resignation from Saudi Arabia two weeks ago, citing concerns over meddling by Iran and its Lebanese ally, the Shiite militant group Hezbollah, in regional affairs.

The resignation raised fears that it would drag Lebanon into the battle for regional supremacy.

France, meanwhile, has centuries-old ties to Lebanon and “a duty of care vis-a-vis Lebanon that is a deeply ingrained part of French foreign policy,” said Francois Heisbourg, chair of the International Institute of Strategic Studies.

Hosting Hariri in France “doesn’t give any idea of a political solution to the problem” in Lebanon, Heisbourg said, but “there is some advantage in trying to calm down ... a country which abducts foreign prime ministers.”

Since taking office six months ago, Macron, a pro-European who advocates for the “benefits” of globalisation, has sought to boost his international stature. France, with one of the world’s biggest diplomatic networks, wants to use its influence as a veto-wielding UN Security Council member and a major European power.

After an unexpected stop in Riyadh to meet Saudi Crown Prince Mohammad Bin Salman on Friday, Macron discussed Lebanon’s crisis Wednesday with UN Secretary-General Antonio Guterres, and held a flurry of phone calls this week to set up Hariri’s arrival.

Macron’s efforts recall then-President Jacques Chirac’s shuttle diplomacy during the 2006 war between Hezbollah and Israel.

At the time, Chirac was perceived as favoring the Saudi-backed Hariri camp, said Denis Bauchard, former diplomat and Mideast expert at the French Institute for International Relations.

Chirac was a close friend to Hariri’s slain father, Rafik Hariri - and the Hariri family loaned its Parisian apartment for years to Chirac after he left the presidency in 2007.

“Macron ... wants France to play the role of honest intermediary,” Bauchard said.

“France cannot substitute for the United States in the region. (Macron) doesn’t have the intention or the means to do that, but he can try to play a role” of mediator, he said.

France’s diplomacy can also count on Foreign Minister Jean-Yves Le Drian’s personal relationship with the Saudi crown prince, from when both men served as defense ministers.

Le Drian met Thursday with Hariri during a visit to Saudi Arabia.

As usual with diplomatic forays, economic interests aren’t far behind.

A French diplomat said France is notably using trade “levers” in its talks with Iran and Saudi Arabia.

French companies are resuming business in Iran and have multibillion-euro defense deals and economic ties with Saudi Arabia and other Gulf players.

France and Saudi Arabia notably agreed in 2014 to provide the Lebanese army with $3 billion worth of weapons paid for by Riyadh.

The unusual deal includes a stipulation for French trainers to be involved for 10 years - to ensure the weapons only go to the Lebanese military and not Hezbollah militias.