Cairo and Tehran have been at loggerheads since 1979, but the Iranian threat has always acted as a check on Israeli ambitions. If Iran is completely defeated, Israel will reign supreme.
Iran has concluded that Israel and the US aim to bring down its government at some point, but it may be a gradual campaign rather than a boots-on-the-ground blitz
Iran's Supreme Leader would be wise to acknowledge that his longstanding strategic patience doctrine has run its course. With few cards left to play, he may have to choose between these two options.
Tehran will return to nuclear negotiations with far fewer cards. Even if it seeks a token gesture on enrichment, that could be rejected. Remaining options include capitulation or even civil war.
Fighting between Iran and Israel impacted North Africa, where surging prices may disrupt budgets and plans. But for North Africa's energy exporters, higher oil prices are a reason to cheer.
Images of rocket trails, explosions, and destruction were broadcast worldwide, but a quieter war in cyberspace was also being waged, and it was no less important
From military spending to energy markets, the US-Israeli war on Iran is driving rising costs, with the Strait of Hormuz emerging as a central pressure point
Until fairly recently, most Americans sided with Israel. These days, most side with the Palestinians. That will eventually influence US foreign policy.
Any disruption in the Hormuz has cascading knock-on effects that extend far beyond energy markets, impacting international trade. Al Majalla explores all this and more.
Al Majalla - London
Sign up for the Weekly Newsletter
Get the best of Al Majalla, straight to your inbox.