Israeli and Lebanese officials signed a U.S.-brokered framework agreement in June 2026 that established two limited pilot zones for phased Israeli repositioning—one north and one south of the Litani River—with the Lebanese Armed Forces assuming control after verified steps toward disarming non-state groups. The accompanying security annex conditions any broader redeployment on successful, verifiable disarmament and dismantlement processes rather than fixed timelines, and Israeli leaders have repeatedly stated that forces will maintain the security zone south of the river until Hezbollah poses no further threat. Limited pilot implementations have begun without announcements of comprehensive withdrawal from territory beyond the river. Traders assess these structural conditions and ongoing security requirements as the dominant constraints on near-term resolution.