**Lebanon’s government, under President Joseph Aoun and Prime Minister Nawaf Salam, has pursued a phased plan since 2025 to establish a state monopoly on weapons, primarily targeting Hezbollah, in line with the 2024 ceasefire, UN resolutions, and a US-brokered trilateral framework with Israel.** The Lebanese Armed Forces completed the first phase south of the Litani River by early 2026, claiming operational control and confiscating thousands of weapons in pilot zones, though Israel views progress as insufficient and reports suggest limited coordination issues. Hezbollah has rejected nationwide disarmament, conditioning further steps on Israeli withdrawal from border points and an end to strikes, while warning against internal confrontation. Subsequent phases north of the Litani remain stalled or conditional, with ongoing monitoring by the US, France, and UNIFIL amid talks on verification and timelines. Trader views reflect the incremental southern gains against Hezbollah’s sustained political and military resistance, plus Lebanon’s capacity constraints and linkage to broader security concessions.