In an article to be published on Friday, the journal said multi-faceted US attacks, which would be conducted within the framework of the global war on terrorism, are likely to focus on Hizbullah bases in the Bekaa Valley of eastern Lebanon.

It noted that the deployment of US special forces in the Bekaa Valley, where most of Syria's occupation forces in Lebanon are based, would be highly inflammatory and would "almost certainly involve a confrontation with Syrian troops."

Such a conflict might well prove to be the objective of the US, said the journal, which described Washington's strategic benefits from a confrontation with Syria. These include:

* Pressuring Damascus into ending its support for anti-Israel Palestinian groups;

* Persuading Syria to abandon its weapons of mass destruction and to withdraw its troops from Lebanon;

* Stimulating a situation where Syrian leader Bashir Assad can be ousted;

* Crushing Hizbullah and ending its presumed connections with al-Qaida.

"The political consequences of a US attack against Lebanon. . . could result in the destabilization of a country that is still rebuilding its infrastructure a decade after a ruinous 15-year civil war," noted the journal.

"It would also fuel Muslim and Arab hostility toward the US at a time when US-led occupation forces are fighting the ongoing insurgency in Iraq.

"In these circumstances, taking on Hizbullah in the Bekaa Valley is likely to prove a highly risky undertaking.

"However," it continued, "given the Bush administration's doctrine of pre-emptive strikes, it remains entirely possible that Washington will soon launch military strikes against Lebanon, regardless of the consequences for wider regional stability."

The journal noted that the US administration has long considered Damascus "a prime candidate for regime-change," along with Afghanistan, Iraq, Iran and, possibly, Saudi Arabia.

"Syria, once a powerhouse of Arab radicalism that could not be ignored, has been seriously weakened, both militarily and politically. Washington may feel that the time is coming to oust Assad and the ruling generals.

"Targeting Syria via Lebanon, the only concrete political influence Damascus has to show following decades of radical diplomacy, could prove to be a means to that end."

The journal also noted that, "there is reason to believe that Iran and the US are moving toward some form of tactical understanding as a consequence of covert diplomacy." As a result, it said, Teheran has been steadily reducing its support for the regime in Damascus.

The journal added that Bashir Assad lacks both the ruthlessness and political acumen of his father, Hafez, whom he succeeded in June 2000, and he is constrained by members of his father's old guard who are continuing to block his tentative efforts at reform.

"These factors make Damascus vulnerable to pressure from both the US and Israel, particularly since US forces are deployed in Iraq, Syria's eastern neighbor."

During the past six months, it added, Washington has increased the US military presence along the Syrian border with Iraq "and, on several occasions, has sent special forces into Syrian territory or penetrated Syrian air space.

"In one incident, US troops pursued suspected Iraqi militants into Syria and fought a running battle that left dozens of people, including some Syrians, dead.

"Israel's air-strike in southern Lebanon earlier this week," it added, "is very unlikely to be the last time Israeli forces cross the border to strike at targets alleged to be militant bases and training camps."