BEIRUT-Lebanon’s parliament failed to elect a new president after a first round of voting on Thursday amid deep divisions over a replacement for Michel Aoun whose term expires next month.

A majority of lawmakers cast blank ballots, suggesting the election process is likely to drag on, an outcome Lebanon can ill afford as it wrestles with a crippling financial crisis.  Speaker Nabih Berri said he would call a new session of parliament “when an agreement is reached on the next president” -- a process that could take months in a country where constitutional deadlines are routinely missed.