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It may already be too late to avoid another armed conflict in the Middle East. Iran has systematically upgraded Hezbollah’s ability to strike at strategic and civilian targets deep inside Israel. Increasingly, the only viable option for Israel’s military to neutralize this threat is another invasion of southern Lebanon.
Ambassador Zvi Mazel
DEFENSE
Iraqi Kurdistan’s disastrous decision to press ahead with an independence referendum has allowed the Iraqi federal government to reassert control over Kirkuk and its vital oil fields. But an even bigger consequence of Baghdad’s resurgence could be a potential conflict with its erstwhile sponsor, Tehran. Any such confrontation would quickly become regional in scope, bringing in Saudi Arabia, the United States and possibly Israel.
Bernard Siman
ECONOMY