With war still raging in Gaza with no end in sight, events over recent weeks have escalated concerns that the conflict could expand into a regional war involving Iran, Hezbollah, and other Iranian-backed actors. But how likely is such a conflagration, and what are the respective calculations of Israel, Hezbollah, and Iran? What is the status of the efforts by the administration of President Joseph R. Biden Jr. to broker a diplomatic resolution along the Israel-Lebanon border? How dire would the civilian toll be for Lebanon and Israel in the event of a full-blown war? And what is the role of the Gulf states and other Arab countries in this unfolding crisis?

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