US efforts to broker direct engagement between Israeli Prime Minister Benjamin Netanyahu and Lebanese President Joseph Aoun center on advancing a security agreement, Israeli withdrawal from southern Lebanon, and Hezbollah disarmament. Aoun stated on May 5 that negotiations with Israel remain on track but ruled out a meeting or call with Netanyahu until a security deal halts Israeli operations and addresses sovereignty issues. Washington has reiterated its push for high-level talks despite the rebuff, with preparatory ambassador-level meetings scheduled in the coming days and Trump administration officials highlighting the potential for US-facilitated progress. These conditions and diplomatic momentum shape trader assessments of whether a direct conversation occurs by the market's resolution date.