As the Israel-Hamas war drags on, the potential for spillover effects increase. Three conflict areas have emerged that carry serious risk of escalation: first, growing tensions between Israel and Hezbollah along the Israeli-Lebanese border, attacks by Iranian-backed Houthis against international shipping in the Red Sea, threatening global supply chains and freedom of navigation, and the danger of another direct clash between Israel and Iran.   

What are the prospects for regional escalation? Is there a diplomatic pathway in Lebanon? And how have these conflicts affected the international economy, supply chains, and the global trade of hydrocarbons? Aaron David Miller will discuss these and other issues with Amos Hochstein, deputy assistant to the president and senior advisor for energy and investment at the White House. Prior to serving at the White House, Hochstein served as the U.S.-appointed mediator of the Lebanese-Israeli negotiations that resulted in a maritime border agreement between the two nations.