All out war between Israel and Lebanon?

[Kareem]

8 Israeli soldiers killed yesterday, and hundreds of targets hit in Lebanon, including Beirut International Airport:

http://www.cnn.com/2006/WORLD/meast/07/13/mideast/index.html

[Kite]

we need the US to step in with some real diplomacy before the entire middle east is engulfed in civil war...

[Carbo]

I'm surprised there hasn't been more of a reaction in the market to these events - if things degenerate further I think we will see some dramatic moves.

[cnote]

Hezbollah headquarters in south Beirut bombed today - unclear whether Sheik Hassan Nasrallah has been killed