Israel - Hezbollah War Update

Israel's inability to penetrate South Lebanon indicates a lengthy war, as Hezbollah recovers its capabilities.

Commercial Summary: Israel has not launched an infrastructure war against Lebanon, possibly because some Hezbollah capabilities remain intact. Similarly, Hezbollah has not attempted attacks on shipping, likely in part due to the fear of Israeli retaliation. The two sides are now pressuring one another’s civilian populations and economies, to see who can…