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Mark Wauck's avatar

Luongo:

The good news is that we’re seeing conflicting reports of conflict between Israel and Hezbollah today, while Israel has postponed their invasion of Gaza for the time being. It will be touch and go this week, however, as there are too many imperatives outside of the Middle East pushing this into a potentially wider conflict.

For now, it looks like the US is being forced to choose between Ukraine and Israel. The UK still wants both conflicts and Europe just wants the US to die. The feeling is mutual in D.C. towards Brussels. If you can’t see that at this point, I can’t help you.

Watch Russia’s response here as everything that has unfolded so far breaks in their favor with higher oil prices, Arab solidarity with the Palestinians, and real fracturing in Europe over continuing Project Ukraine.

Unfortunately, for Israel, they have no good options here, and that means they will likely do what is ultimately in their best interests despite the wider consequences.

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Mark Wauck's avatar

Full Disclosure--in case you hadn't figured this out yet:

If I'm right I'll take full credit. If I'm wrong about an Israeli invasion, I'll just say I knew I was going out on a limb, so no big deal.

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