Diplomatic contacts between Israel and Lebanon opened in April 2026 under U.S. mediation, with Prime Minister Benjamin Netanyahu directing talks focused on Hezbollah disarmament, border security, and a durable ceasefire following renewed fighting. President Joseph Aoun has publicly conditioned any direct conversation or meeting on prior agreement to a non-aggression pact and full Israeli withdrawal, while signaling openness to negotiations that restore Lebanese state authority. Aoun’s July 2026 White House visit with President Trump advanced framework discussions and troop withdrawal sequencing but produced no confirmed bilateral call or summit with Netanyahu. Trader assessments of a near-term conversation therefore hinge on progress in these mediated channels, any shifts in Lebanese preconditions, and scheduled diplomatic steps before the market resolution date.