The devastating attack on Israel by Hamas on 7 October has transformed the Middle East, thrusting the Israeli-Palestinian question – considered a diplomatic side-issue for at least a decade – to the centre stage of the region’s geopolitics.
Iran’s proxies have come out of these events emboldened, with players manoeuvring in a complex power game that could at any moment tip into a regional war. It is still possible to avoid such a scenario through a negotiated cease-fire.