Calling the Houthis' insurgence a "mostly Yemini phenomenon," he noted that the link between the Yemeni armed group and Iran were by no means comparable to the historic ties between Hezbollah and Iran.

"So to be honest, I don't think Hezbollah is about to make major concessions, but they might show some pragmatism," Bitar concluded.

Sami Nader, director of the Levant Institute for Strategic Affairs in Lebanon, expressed hope that Hezbollah would indeed make a sacrifice for Lebanon's political unity.

"The government will be up and running, but it will take some time," Nader said. "After Hassan Nasrallah's latest speech, we feel that Hezbollah has paved the way for a compromise, because he said he would not be involved in Yemen, Kuwait and Bahrain."

According to Nader, only Hezbollah's commitment to making the concessions would make Hariri withdraw his resignation, serving as proof that his "demands had been taken into consideration."

Without these concessions, Hariri will not be able to maintain his position as prime minister, he opined.

"If Hariri gets back into government without any commitment from Hezbollah, the relationship with Saudi Arabia will turn sour. But escalation at this level would be against Lebanese interest," the Lebanese expert noted.

Nader, also an economist, warned that a "Qatar-style" economic blockade was also likely if the situation were to escalate.

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