The June 2026 U.S.-brokered framework agreement between Israel and Lebanon ties any broader Israeli redeployment from positions north of the Litani River to verifiable Lebanese Armed Forces deployment, Hezbollah disarmament, and restoration of state authority in southern Lebanon. Israel has conducted limited pilot-zone withdrawals from select areas, including north of the river, but maintains an expanded security buffer amid ongoing operations against Hezbollah infrastructure, such as the recent Ali al-Taher phase. As of late September 2026, a 60-day ceasefire implementation deadline faces disputes over sequencing, with Israel citing incomplete disarmament and Lebanon pressing for full withdrawal. Trilateral talks continue, with further pilot zones under discussion, though Hezbollah rejects the deal and both sides report persistent violations and strikes. Trader positioning reflects these conditional terms and slow implementation pace.