Israel and Hezbollah each have strong incentives to heed international calls for a cease-fire that could avert all-out war — but that doesn't mean they will.
Hezbollah is reeling after a sophisticated attack on personal devices killed and wounded hundreds of its members. Israeli airstrikes have killed two top commanders in Beirut in less than a week, and warplanes have pounded what Israel says are Hezbollah sites across large parts of Lebanon, killing over 600 people.
So far, Israel clearly has the upper hand militarily, which could make it less willing to compromise. But it's unlikely to achieve its goal of halting Hezbollah rocket fire with air power alone, and a threatened ground invasion of Lebanon poses major risks.
After nearly a year of war, Israeli troops are still fighting Hamas in Gaza. And Hezbollah is a much more formidable force.
''Hezbollah has yet to employ 10% of its capabilities,'' military affairs correspondent Yossi Yehoshua wrote in Yediot Ahronot, Israel's largest daily newspaper. ''The euphoria that is evident among the decision-makers and some of the public should be placed back in the attic: the situation is still complex and flammable.''
The United States and its allies, including Gulf Arab countries, have tried to offer a way out, proposing an immediate 21-day cease-fire to ''provide space for diplomacy.''
But any deal would require both sides to back away from their core demands, and they may decide the price is too high.
Hezbollah wants a truce in Gaza, too