The Israel-Hamas conflict has significantly heightened regional tensions. The persisting exchanges of hostilities between Israel and the Lebanon-based Shia Muslim movement Hizbullah along the Israel-Lebanon border have raised credible concerns of a renewed full-scale Israel-Hizbullah conflict. In this report, we consider the risk of an Israel-Hizbullah conflict, its potential impact on regional stability, and the role of state and non-state actors – including the US and Iran – to outline four scenarios.

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