The assassination of Hamas leader Saleh al-Arouri in Beirut and Houthi attacks on ships in the Red Sea have increased the threat of a wider regional conflict.
Al-Arouri was the group's main conduit to Lebanon-based Hezbollah and to Iran; his death represents a major blow not just to Hamas but also to the broader network.
Hezbollah and Israel have ramped up the intensity of their attacks over the past three months.
In the wake of the events of 7 October, there is growing belief in Israel that the threat from Hezbollah must be addressed.
Hezbollah needs to maintain its reputation as a major regional force and its Iranian benefactors do not wish to see Hamas destroyed.
Houthi attacks on ships in the Red Sea, with Iranian involvement according to US intelligence, have raised serious concerns about an escalation.
The current situation is highly flammable, with multiple parties pursuing their own agendas and high risk of misjudgments and manipulation.
Conclusion: Every effort must be made to pursue a deal that could reassure Israelis in the north, and to restrain any Israeli attempt to forcibly clear Hezbollah from southern Lebanon which could lead to disaster for the region.