Rearranging the letters of 'Israel and Hezbollah' (The war in Lebanon) gives:
A Nazi's drab hellhole.
(by Charles Smith using Anagram Genius) (2006) (pending approval)
Other related anagrams without their own page:
"Hezbollah chief warns Israel of wide war" -> "Wow, Hebrew, hid Nasrallah focalizes fire!" (by Aronas Pinchas) (2008) (pending approval)
"Israel-Hezbollah prisoner swap in two weeks: report" -> "Zion repines... works with Arabs 'to sell' her war people." (by Aronas Pinchas) (2008) (pending approval)
"Israel and the West Bank" -> "We handle 'kittens' Arabs." (by Aronas Pinchas) (2009) (pending approval)
"Israel and the West Bank" -> "We handle, test Arabs kin." (by Aronas Pinchas) (2009) (pending approval)
"Palestine" -> "Penalties." (by Joe Fathallah) (2002)
"Palestine" -> "Alien Pest." (by Dan Smith) (2009) (pending approval)
"Palestine Liberation Organisation" -> "I go plot a riot in Israel. An insane bet." (by Stanley Accrington by hand) (2003)
"Hamas: No compromise on prisoner swap deal terms" -> "Compensation map's - send more pals-warriors home." (by Aronas Pinchas) (2009) (pending approval)
"The Israel-Hamas prisoner swap deal near: officials" -> "O, Palestinians release him for a few sharp radicals!" (by Aronas Pinchas ) (2009) (pending approval)