Interesting you talk about deterrence failing and that Hezbollah will attack Israel once again in the coming days and weeks. I think it is actually the other way round. An Israeli attack on Lebanon will now cost much more than Israel is prepared to pay. So you could say that there is now a balance of deterrence on Israel's Northern border. The question is if Israel's politicians, who need a war every so often to ensure that Israelis remained cowed and malleable, and to ensure their own re-election will accept this state of affairs.
Attempted stabbing of Israeli soldier in Hebron; Palestinian female attacker shot dead (Haaretz)
from the article: The fear of a Lebanon redux
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