Tensions between Israel and Hizbullah have risen sharply in the past week, but despite the animosity between the two sides, regional strategic calculations mean both sides will step back from the brink of all out war.
The end of ambiguity about Pyongyang's nuclear capacity raises fundamental questions affecting China, the United States, and the future of international non-proliferation strategy. Indirectly, these consequences could actually work to the advantage of the West in its attempts to prevent Iran 'going nuclear'.
The UN Security Council is certain to impose sanctions on North Korea. But, since these are likely to involve – at least initially – just cutting off trade and diplomatic contacts, no significant impact is expected.