Supporters of Lebanon's Hezbollah party parade to mark the last day of Ashura ceremony in Beirut. Aziz TaherAn exchange of fire between Lebanese militant group Hezbollah and the armed forces in northern Israel signal that the conflict in Gaza could spread regionally. Political party and paramilitary groupHezbollah operates as both a political party and paramilitary group and is designated by the U.S. as a terrorist organization. It holds a great deal of power in Lebanon in the form of its Shiite political party, which holds 62 seats in the country's Parliament, alongside its Iran-backed proxy militant unit. Hezbollah "do have to take into consideration public opinion in Lebanon," Maksad told CNBC.

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Persons: Aziz Taher, Joseph Daher, Daher, Benjamin, Israel, Hezbollah's, Naim Qassem, Bashar Assad, Maksad Organizations: Hezbollah, Middle East Institute, CNBC, U.S, Party of God, Iran's Revolutionary Guard, doesn't, Lebanon's Party of God, Hilal, American University of Beirut, Reuters, United Nations Locations: Beirut, Israel, Gaza, Iran, Lebanon, country's, Israel's, Iraq, Yemen, Lebanese, Syria