Naim Qassem has served as Hezbollah secretary-general since late 2024, succeeding Hassan Nasrallah after the latter’s death in an Israeli strike. As of September 2026, he remains in the role, delivering recent public addresses that reaffirm the group’s commitment to resistance against Israel amid stalled implementation of a U.S.-brokered framework for Israeli withdrawal and Hezbollah disarmament. Internal party restructuring has consolidated administrative control under Qassem while shifting some operational roles, but no leadership transition has occurred. Traders are watching Israeli targeting attempts, Lebanese government and opposition pressure for exclusive state control of arms, and any signals of internal dissent or external diplomatic moves that could alter his position before the market’s resolution date.