We have woken up to new paradigm in Middle East, analyst says [Video]

Iran’s weekend attack on Israel marks a “new paradigm” in the Middle East conflict, which risks escalating into a wider regional war, Chatham House’s Middle East director said Monday.

Sanam Vakil at the London-based think tank said it was a matter of when and not if Israel would respond after its War Cabinet vowed on Sunday to “exact a price” against Tehran for its overnight aerial assault on the Jewish state.

“The Israeli leadership will have a hard time not responding. They may not do it immediately, but I think a confrontation between Israel and Iran — which might be priced into the markets — is certainly coming, it’s just a question of when,” Vakil told CNBC’s “Squawk Box Europe” on Monday.

Iran launched more than 300 drones and missilesagainst military targets inside Israel on Saturday …