Lebanese President Joseph Aoun assumed office in January 2025 after parliament elected him to resolve a prolonged vacancy, establishing a stable mandate that extends well beyond the current year. In April 2026, he led public efforts to convert a U.S.-brokered ceasefire with Israel into permanent agreements focused on sovereignty, territorial integrity, and national reconstruction, while rejecting any cession of land or external dictation. These diplomatic initiatives, coupled with ongoing bilateral talks and domestic positioning against militia influence, have reinforced perceptions of institutional continuity. With no parliamentary moves, constitutional challenges, or reported health or political crises emerging in recent weeks, traders see little basis for an abrupt departure before year-end.