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
When states are attacked, authority gravitates towards institutions capable of mobilising resources, enforcing discipline, and coordinating a military response
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.
Even if it stays on the sidelines of the US-Iran war, the country is fragile. Unlike larger economies that can absorb shocks in global markets, it has little room to cushion the impact.