Its arsenal presumably decimated in an all-out air assault that left hundreds dead.Hezbollah, the Lebanese Shiite militant group backed by Iran appears to have hit the lowest point in its more than 40-year history.

The president delivered his final talk to the United Nations on Tuesday after decades in foreign policy. The Israel-Hezbollah conflict hung over his remarks.

A barrage of Israeli strikes since Monday has killed at least 558 people in Lebanon, and raised fears of a devastating all-out war.