The recent spike in violence between Lebanon's Hezbollah and Israel has raised concerns about the potential for a broader conflict in the Middle East. While tensions along the border have not escalated beyond sporadic exchanges of fire, any miscalculation could potentially spark a regional conflict between Israel and Iran's proxies. The consensus among analysts is that the Biden administration's strategy for preventing a regional war is working, at least for now. However, the situation remains fragile, and a miscalculation or escalation could lead to a devastating conflict.