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Amos Hochstein lebanon

Israel-Hezbollah ceasefire begins, but can it last?

As long as Israeli forces remain on Lebanese soil, the risk of the conflict reigniting — deliberately or inadvertently — will remain significant.

Middle East
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A ceasefire that ends Israel's indiscriminate bombing of Lebanon is welcomed and long overdue. However, it remains unclear whether this deal actually will work, given that the agreement gives Israel 60 days to withdraw. As long as Israeli forces remain on Lebanese soil, the risk of the conflict reigniting — deliberately or inadvertently — will remain significant.

Had the Biden administration exercised its leverage and prioritized U.S. interests, this conflict would never have reached this level to begin with. And ironically, though the deal was struck by Biden's team, the parties in the conflict appear to have agreed to it mainly with an eye to Donald Trump's expressed desire to see the fighting end before he takes office in January.

Contrary to Biden’s spin at the press conference today, the agreement text appears more balanced. Both Israel and Hezbollah agree not to take any offensive actions against each other, while recognizing both Israel and Lebanon’s right to continue to use force in self-defense.

It puts the Lebanese government — which includes Hezbollah — in charge of supervising and controlling any sale, supply and production of weapons or weapons-related materials.

The agreement also established a committee “acceptable to Israel and Lebanon” to monitor and assist in ensuring the implementation of the deal.

Netanyahu, who is wanted by the ICC for war crimes, has declared victory. There is some truth to Netanyahu's narrative: Through this agreement, Hezbollah appears to have given up a key position, that is, the refusal to disconnect Gaza from Lebanon.

But on the other hand, Netanyahu promised to destroy Hezbollah, which clearly he has not achieved. Though the organization is weakened, its ability to shoot at Israel — including penetrating Israel's air defenses, continues to be intact. Just Sunday, they shot more than 250 rockets and other projectiles at Israel.

Indeed, Hezbollah's capacity to inflict pain on Israel may have been a key reason why Netanyahu agreed to the deal. Had his campaign against Hezbollah been more successful, he'd likely be less inclined to stop the fighting.

Tehran has reportedly pressed Hezbollah to agree to the terms of the ceasefire, even though it betrays Hezbollah's earlier position. Tehran has several reasons for doing this: It has opposed the expansion of the conflict from the outset, given its own challenges at home. While it is in a conflict with Israel, the timing of this war suits Israel far more than Iran.

But Tehran may have also seen this as a gift to Trump, demonstrating Tehran's ability to help deescalate the situation while signaling Iran's own desire to strike a deal with Trump rather than to return to a state of heightened U.S.-Iran tensions.


Top photo credit: US special envoy Amos Hochstein talks to reporters following his meeting with Lebanese Parliament Speaker Nabih Berri in Beirut, Lebanon, on November 20, 2024. Hochstein arrives in the Lebanese capital on November 19 for talks with officials on a truce plan, which Lebanon largely endorses, to halt the ongoing war between Israel and the Lebanese Hezbollah group. (Photo by Fadel Itani/NurPhoto)
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Middle East
NATO
Top photo credit: Keir Starmer (Prime Minister, United Kingdom), Volodymyr Zelenskyy (President, Ukraine), Rutte, Donald Tusk (Prime Minister, Poland) and Friedrich Merz (Chancellor of Germany) in meeting with NATO Secretary, June 25, 2025. (NATO/Flickr)

Euro-elites melt down over NSS, missing — or ignoring — the point

Europe

The release of the latest U.S. National Security Strategy (NSS) has triggered a revealing meltdown within Europe’s political and think-tank class. From Berlin to Brussels to Warsaw, the refrain is consistent: a bewildered lament that America seems to be putting its own interests first, no longer willing to play its assigned role as Europe’s uncomplaining security guarantor.

Examine the responses. German Chancellor Friedrich Merz finds the U.S. strategy “unacceptable” and its portrayal of Europe “misplaced.” Polish Prime Minister Donald Tusk, for his part, found it necessary to remind the U.S. that the two allies "face the same enemies." Coming from a Polish leader, this is an unambiguous allusion to Russia, which creates clear tension with the new NSS's emphasis on deescalating relations with Moscow.

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Top image credit: Palestinians receive their financial aid as part of $480 million in aid allocated by Qatar, at a post office in Gaza City on May 13, 2019. Photo by Abed Rahim Khatib. Anas-Mohammed via shutterstock.com

Gaza's economy is collapsing. It needs liquidity now.

Middle East

As the world recently marked the International Day of Solidarity with the Palestinian People, and only days after the U.N. Security Council approved the U.S.-backed resolution outlining a new security and governance framework for Gaza, one central issue remains unresolved. Gaza’s economy is collapsing.

Political resolutions may redefine who administers territory or manages security, but they do not pay salaries, keep ATMs functioning, or control hyperinflation. Without Palestinian-led institutions independently allowed to manage money transparently and predictably, a Palestinian state risks becoming purely symbolic.

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Polymarket ISW
Top image credit: Jarretera and jackpress via shutterstock.com

Think tanker altered Ukraine war map before big Polymarket payout

Washington Politics

On November 15, as Russian forces were advancing on the outskirts of the town of Myrnohrad in eastern Ukraine, retail investors placed risky bets in real time on the battle using Polymarket, a gambling platform that allows users to bet on predictive markets surrounding world events. If Russia took the city by nightfall — an event that seemed exceedingly unlikely to most observers — a handful of retail investors stood to earn a profit of as much as 33,000% on the battle from the comfort of their homes.

When nightfall came, these longshot gamblers miraculously won big, though not because Russia took the town (as of writing, Ukraine is still fighting for Myrnohrad). Instead, it was because of an apparent intervention by a staffer at the Institute for the Study of War (ISW), a D.C.-based think tank that produces daily interactive maps of the conflict in Ukraine that Polymarket often relies on to determine the outcome of bets placed on the war.

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