**Israel and Lebanon signed a U.S.-mediated framework agreement in late June 2026 that ties any broader Israeli withdrawal from southern Lebanon to the verifiable disarmament of Hezbollah and the Lebanese Armed Forces assuming security control.** The deal establishes two small “pilot zones” for initial, limited redeployments, with further phased withdrawals conditioned on results rather than fixed timelines. Israeli officials have emphasized maintaining a security buffer zone until threats from Hezbollah are neutralized, while Hezbollah has rejected the framework. Implementation is overseen by a trilateral military coordination group, with early steps reported in July. No major new diplomatic or military developments have occurred since, leaving the pace of any full withdrawal dependent on progress toward disarmament and Lebanese army deployment in contested areas.
Експериментальне резюме, згенероване ШІ з посиланням на дані Polymarket. Це не торгова порада і не впливає на вирішення цього ринку. · ОновленоNo official announcement of full Israeli withdrawal from Lebanon by deadline
By the market resolution date, no official Israeli government announcement or overwhelming credible reporting confirmed a full withdrawal of all ground forces from Lebanese territory. Partial withdrawals and ongoing military presence persisted, leading to market resolution at very low probabilities for full withdrawal by September 30 and December 31.
No official announcement of full Israeli withdrawal from Lebanon by deadline
September 30 dips to 1%1%
Despite partial withdrawals and ongoing talks, Israel did not announce a full withdrawal of ground forces from Lebanon by the September 30 deadline, reflecting continued security concerns and Hezbollah's presence, leading to very low market confidence for full withdrawal.
Israeli air attacks kill four in southern Lebanon amid ongoing conflict
December 31 dips to 5%2%
Israeli airstrikes killed four people in southern Lebanon, demonstrating continued Israeli military presence and operations in Lebanese territory, which further diminished the likelihood of a full withdrawal by the market deadlines.
No official announcement of full Israeli withdrawal from Lebanon by September 30
September 30 dips to 1%1%
Despite ongoing negotiations and partial withdrawals from pilot zones, no official announcement or overwhelming credible reporting confirmed a full withdrawal of Israeli ground forces from Lebanon by the September 30 deadline, leading to a market price near 1%.
Red Cross hands four more civilians detained by Israel in security zone to Lebanon
December 31 dips to 5%4%
The Red Cross facilitated the release of four civilians detained by Israel in the security zone, reflecting ongoing humanitarian gestures amid the conflict but no announcement of full Israeli withdrawal, maintaining low market confidence.
Israel expected to release five Lebanese prisoners amid US-mediated talks
December 31 dips to 5%4%
Israeli media reported that Israel planned to release five Lebanese prisoners as part of ongoing US-mediated negotiations with Lebanon, signaling some diplomatic progress but no full withdrawal announcement. This event maintained low market confidence in a complete withdrawal by September 30 or December 31.
Lebanese prisoner released amid stalled Israel-Lebanon withdrawal talks
December 31 dips to 6%1%
A Lebanese prisoner held in Israel was released with US assistance, while talks between Lebanon and Israel appeared to reach an impasse on full Israeli withdrawal. The lack of progress on withdrawal implementation contributed to market prices dropping to near zero by early September.
Israel releases five Lebanese detainees amid ongoing US-mediated talks
December 31 dips to 5%1%
Israel released five Lebanese civilians detained in southern Lebanon, a goodwill gesture amid stalled talks. While symbolically positive, this did not indicate a full withdrawal, keeping market confidence low for near-term withdrawal.
Lebanese army deploys in Zawtar al-Gharbiyah following Israeli withdrawal
December 31 rises to 8%1%
Lebanon announced that its army started deploying in Zawtar al-Gharbiyah after Israeli forces withdrew from the town as part of the US-mediated ceasefire agreement, marking a partial implementation of withdrawal and affecting market confidence for the December 31 outcome.
US announces new round of Israel-Lebanon talks in Rome for mid-September
The US State Department announced a new round of Israel-Lebanon talks scheduled for mid-September in Rome to continue discussions on implementing Israeli withdrawal and regional security. This indicated ongoing diplomatic efforts but no immediate withdrawal announcement, keeping market prices low.
Lebanese Armed Forces receive second shipment of military vehicles from Greece
The Lebanese Armed Forces bolstered their capabilities with a second shipment of military vehicles donated by Greece, supporting Lebanon's role in securing areas vacated by Israeli forces. This development was part of the broader framework for phased Israeli withdrawal but did not indicate a full withdrawal announcement.
Israeli Defense Minister Katz confirms troops will remain indefinitely in southern Lebanon
September 30 dips to 1%1%
Katz reiterated that Israeli forces would not withdraw from southern Lebanon, reinforcing the government's firm stance against withdrawal and contributing to the market's very low probability of withdrawal by September 30.
No announcement of full Israeli withdrawal from Lebanon by deadline
September 30 dips to 1%1%
Despite partial withdrawals and ongoing negotiations, Israel did not announce a full withdrawal of ground forces from Lebanon by the September 30 deadline, leading to market prices collapsing to near zero for withdrawal by that date.
Lebanese army deploys in areas following Israeli withdrawal from pilot zones
September 30 dips to 1%1%
Following Israeli troop pullbacks from pilot zones, the Lebanese army began deploying in these areas, marking partial implementation of the withdrawal framework. However, full withdrawal remained unconfirmed, keeping market prices low.
US State Department reports progress in Lebanon-Israel talks and pilot zone implementation
December 31 dips to 6%1%
The US State Department stated that Lebanon and Israel made progress in negotiations and discussed expanding pilot zones where Lebanese forces would take control after Israeli withdrawal. This partial progress provided limited optimism but no full withdrawal announcement.
No major Israeli withdrawal announced as deadline approaches
September 30 dips to 1%1%
As the September 30 deadline neared, no official Israeli government announcement confirmed a full withdrawal of ground forces from Lebanon, and Israeli officials maintained that troops would remain until Hezbollah is disarmed, leading to very low market probabilities for withdrawal by this date.
No official announcement of full Israeli withdrawal from Lebanon by deadline
September 30 dips to 1%1%
As the September 30 deadline approached, no official Israeli government announcement or overwhelming credible reporting confirmed a full withdrawal of ground forces from Lebanon, leading the market to price near zero probability for withdrawal by this date.
Market prices for September 30 and December 31 withdrawal dates fall to historic lows
By early September, market prices for Israel's withdrawal from Lebanon by September 30 and December 31 fell to 2% and 7% respectively, reflecting widespread consensus that no full withdrawal announcement would occur by these dates due to ongoing Israeli military presence and political deadlock.
Israel maintains military presence in southern Lebanon amid stalled full withdrawal talks
December 31 dips to 7%2%
Despite partial withdrawals and US mediation, Israel continued military operations and maintained a security zone in southern Lebanon, with no announcement of full withdrawal, leading to market prices near zero for withdrawal by September 30 and December 31.
Israeli Defense Minister reiterates refusal to withdraw from southern Lebanon
September 30 dips to 1%1%
Defense Minister Israel Katz publicly stated that Israeli ground forces would remain indefinitely in southern Lebanon until Hezbollah is disarmed, reinforcing the stance against full withdrawal and causing market prices to drop to near zero.
Israel and Lebanon face setbacks in talks amid southern Lebanon escalation
December 31 dips to 8%1%
The latest round of talks in Rome saw setbacks due to escalations in southern Lebanon between Israel and Hezbollah, with ongoing difficulties in implementing the withdrawal framework and no fixed timetable for full Israeli withdrawal, further depressing market confidence.
Israeli Defense Minister Katz reiterates no withdrawal despite US pressure
December 31 drops to 5%5%
Defense Minister Katz reaffirmed that Israeli forces would not withdraw from southern Lebanon despite US demands, reinforcing the position that no full withdrawal announcement would occur soon. This further depressed market expectations for withdrawal by the end of 2026.
US State Department reports Israel agreed to withdraw from pilot zones in southern Lebanon
December 31 rises to 14%2%
The US State Department announced that Israel agreed to withdraw from designated pilot zones in southern Lebanon, marking the beginning of partial troop withdrawals and slightly improving market sentiment for later withdrawal dates.
Lebanese President Joseph Aoun calls for full Israeli withdrawal in ongoing talks
December 31 drops to 6%5%
Lebanese President Joseph Aoun reaffirmed Lebanon's demand for a complete Israeli withdrawal from its territory during ongoing US-mediated negotiations, maintaining pressure on Israel but with no indication of imminent full withdrawal, sustaining market pessimism.
Lebanon-Israel talks stall with no progress on Israeli withdrawal
September 30 dips to 1%1%
Negotiations between Lebanon and Israel failed to secure progress on Israeli withdrawal or a genuine ceasefire. Israel prioritized Hezbollah's disarmament, while Lebanon insisted on full withdrawal, leading to stalled talks and reduced market confidence in withdrawal by September or December.
Israeli forces agree to begin withdrawal from two pilot zones in southern Lebanon
September 30 dips to 2%1%
Israeli forces agreed to start withdrawing from two pilot zones with Lebanese army deployment, but the withdrawal remained conditional on Hezbollah disarmament, limiting market optimism for full withdrawal by September 30.
Israel agrees to begin withdrawal from two pilot zones in southern Lebanon
December 31 drops to 1%8%
Israeli forces agreed to start withdrawing from two pilot zones in southern Lebanon with Lebanese army deployment, but the withdrawal was conditional on Hezbollah disarmament, limiting market optimism for full withdrawal.
Defense Minister Katz reiterates refusal to withdraw from southern Lebanon
December 31 drops to 6%6%
Defense Minister Israel Katz publicly stated that Israeli forces would not withdraw from southern Lebanon despite ceasefire agreements, reinforcing market bearishness on withdrawal prospects by the end of 2026.
Israeli Defense Minister Katz reiterates refusal to withdraw from southern Lebanon
September 30 dips to 1%1%
Defense Minister Israel Katz publicly stated that Israeli forces would remain indefinitely in southern Lebanon until Hezbollah is disarmed, signaling no imminent full withdrawal and causing market prices for withdrawal by September 30 and December 31 to drop sharply.
US announces Israel agreed to withdraw from pilot zones in southern Lebanon
The US State Department reported that Israel agreed to withdraw from designated pilot zones in southern Lebanon, marking the first implementation step of the June framework agreement. This partial withdrawal raised limited market optimism but was insufficient for a full withdrawal expectation.
US announces start of Israeli withdrawal from pilot zones in southern Lebanon
September 30 dips to 1%1%
The US State Department announced that Israeli military withdrawal from agreed pilot zones in southern Lebanon had started, with Lebanese forces moving in, marking a tangible step toward partial withdrawal but not full withdrawal, keeping market prices low.
US State Department confirms Israeli withdrawal from south Lebanon pilot zones has begun
December 31 dips to 7%3%
The US State Department announced that Israeli military withdrawal from agreed pilot zones in southern Lebanon had started, with Lebanese forces moving in. This marked progress in phased withdrawal but was limited in scope, maintaining low market confidence for full withdrawal by year-end.
US announces start of Israeli withdrawal from pilot zones in southern Lebanon
December 31 rises to 14%2%
The US State Department announced that Israeli military withdrawal from agreed pilot zones had started with Lebanese forces deploying, marking a concrete step but limited in scale, which briefly raised cautious market optimism.
US announces Israel agreed to withdraw from pilot zones in southern Lebanon
December 31 dips to 10%2%
The US State Department reported Israel's agreement to withdraw from designated pilot zones in southern Lebanon, marking initial implementation steps but insufficient for full withdrawal, causing limited market optimism.
Israeli Defense Minister Katz publicly states no withdrawal from southern Lebanon
September 30 dips to 1%1%
Defense Minister Israel Katz declared that Israeli ground forces would remain indefinitely in southern Lebanon until Hezbollah is disarmed, signaling no imminent withdrawal and sharply reducing market confidence in withdrawal by near-term dates.
US and Lebanese delegations meet to discuss Israeli withdrawal from pilot zones
September 30 dips to 1%1%
Military delegations from the US and Lebanon met in Beirut to work on implementing the first phase of the US-brokered framework agreement involving pilot zones, but Hezbollah's rejection and Israel's conditions kept full withdrawal uncertain.
US announces Israeli withdrawal from south Lebanon pilot zones has begun
December 31 dips to 8%1%
The US State Department announced that Israeli forces had started withdrawing from designated pilot zones in southern Lebanon, with Lebanese troops deploying, marking initial implementation of the phased withdrawal but not full withdrawal, keeping market confidence low.
No announcement of full Israeli withdrawal from Lebanon by end of August
August 31 dips to 0%1%
By the end of August 2026, no official announcement was made by Israel regarding a full withdrawal of ground forces from Lebanon, leading the market to price near zero probability for withdrawal by August 31.
No major Israeli withdrawal announced; forces remain in southern Lebanon
August 31 dips to 0%1%
No official announcement of full Israeli withdrawal was made by the market deadline, with Israeli forces maintaining presence in southern Lebanon and Hezbollah rejecting the framework, resulting in near-zero market probabilities for withdrawal by August 31.
UNIFIL reports increased Israeli military activity in southern Lebanon
December 31 dips to 9%2%
The UN peacekeeping force noted a significant rise in Israeli military operations in southern Lebanon, indicating ongoing conflict and occupation, which further reduced market confidence in a full Israeli withdrawal by the deadlines.
EU considers civilian-military mission in Lebanon as UNIFIL prepares to withdraw
European Union officials announced plans for a possible civilian-military mission in Lebanon starting early 2027, reflecting international efforts to stabilize the region amid Israeli troop presence and ongoing tensions. This development provided some diplomatic context but did not significantly alter market expectations for full Israeli withdrawal.
Israel continues airstrikes and demolitions in southern Lebanon despite US diplomatic efforts
December 31 dips to 7%2%
Israeli forces launched multiple airstrikes and continued demolitions in southern Lebanon, escalating tensions and undermining confidence in a near-term withdrawal. This military activity reinforced market pessimism about withdrawal by the end of 2026.
No major Israeli withdrawal announced; market confidence in withdrawal drops to near zero
August 31 dips to 0%1%
Despite ongoing talks and partial troop movements, no official announcement of full Israeli withdrawal from Lebanon was made by late August, causing market prices for withdrawal by August 31 to fall to zero, reflecting widespread skepticism.
Market confidence in Israeli withdrawal from Lebanon drops to near zero by August 31
August 31 dips to 0%1%
By late August, no official announcement of full Israeli withdrawal from Lebanon was made, and ongoing military presence and operations continued. Market prices for withdrawal by August 31 dropped to 0%, reflecting widespread skepticism about near-term withdrawal prospects.
Israeli military continues violations and strikes in southern Lebanon
December 31 dips to 8%1%
Israeli forces carried out artillery shelling, airstrikes, and demolitions in southern Lebanese villages, violating ceasefire agreements and maintaining a military presence, which sustained market skepticism about a full withdrawal by the end of 2026.
Israeli military continues strikes and maintains buffer zone in southern Lebanon
December 31 dips to 10%2%
Despite the framework agreement, Israeli forces continued military operations including strikes and demolitions near the buffer zone, maintaining a security presence. This ongoing conflict and lack of progress on Hezbollah disarmament kept market expectations for full withdrawal low.
Israel strikes southern Lebanon in violation of US-mediated framework
August 31 dips to 0%1%
Despite the framework agreement, Israel conducted airstrikes and ground operations in southern Lebanon, violating ceasefire terms and undermining trust in withdrawal progress, which contributed to market pessimism about a full withdrawal by the deadlines.
Market confidence collapses as no full Israeli withdrawal announced by August 31 deadline
August 31 dips to 0%1%
By late August, no announcement of full Israeli withdrawal from Lebanon had been made, and Israeli officials reiterated ongoing military presence tied to Hezbollah threat. Market prices for withdrawal by August 31 dropped to near zero, reflecting near certainty of no withdrawal by that date.
Israeli strikes in southern Lebanon seen as groundwork for broader military campaign
December 31 dips to 9%1%
Israeli Defense Forces focused strikes on strategic locations in southern Lebanon, aiming to isolate Hezbollah strongholds and prepare for a broader campaign. This military escalation ahead of Israeli elections increased doubts about imminent withdrawal.
Market prices for August 31 withdrawal drop to near zero amid stalled progress
August 31 dips to 0%1%
Despite partial withdrawals from pilot zones, no announcement of full withdrawal was made, and Israeli officials reiterated no timetable for full withdrawal. Market prices for withdrawal by August 31 dropped to near zero, reflecting skepticism about a complete withdrawal by that date.
No announcement of full Israeli withdrawal from Lebanon by end of August
August 31 dips to 0%1%
Despite partial withdrawals and ongoing negotiations, no official announcement was made by Israel regarding a full withdrawal of ground forces from Lebanon by August 31, leading to market prices dropping to near zero for that outcome.
Israeli forces continue occupation amid limited withdrawal progress
August 31 dips to 0%1%
Despite partial withdrawals from pilot zones, Israeli forces continued to occupy significant areas in southern Lebanon with no announcement of full withdrawal, maintaining very low market confidence for withdrawal by August 31 and September 30.
Tensions escalate as Israeli strikes continue in southern Lebanon
August 31 dips to 0%1%
Israeli forces launched air and artillery strikes against Hezbollah targets in southern Lebanon without military response, reflecting ongoing hostilities and stalled withdrawal progress, pushing market prices to near zero for August 31 outcome.
Hezbollah warns of appropriate response to new Israeli occupation attempts
December 31 dips to 9%1%
Hezbollah's deputy chairman warned that any Israeli attempt to occupy new areas of Lebanon would receive an appropriate response, reflecting ongoing tensions and resistance to Israeli military presence despite the framework agreement.
Israel maintains military presence in southern Lebanon amid ongoing conflict
December 31 dips to 9%1%
As of late August, Israel continues to hold positions in southern Lebanon, with no announcement of full withdrawal. Ongoing military operations and political conditions tied to Hezbollah disarmament keep market confidence in withdrawal very low.
UNIFIL reports increased Israeli military activity in southern Lebanon
The UN peacekeeping force noted a significant rise in Israeli military operations in southern Lebanon, indicating ongoing conflict and occupation, which further reduced market confidence in a full Israeli withdrawal by the deadlines.
Israeli strikes kill 11 in Lebanon, deadliest since June ceasefire
Israeli bombardments in Lebanon killed at least 11 people, marking the deadliest attack since the June ceasefire and highlighting ongoing hostilities that undermine prospects for Israeli withdrawal by September 30 and December 31.
Israel's Defense Minister affirms no withdrawal from Lebanon until Hezbollah disarmed
December 31 dips to 5%4%
Defense Minister Israel Katz publicly stated that Israeli forces would not withdraw from southern Lebanon until Hezbollah is disarmed, signaling a prolonged military presence and dampening market hopes for withdrawal by the end of August and September. This statement caused a significant drop in market prices reflecting diminished confidence in near-term withdrawal.
Israeli strikes kill 11 in Lebanon, deadliest since June ceasefire
On August 16, Israeli strikes killed at least 11 people in Lebanon, the deadliest attack since the June ceasefire, signaling ongoing conflict and diminishing hopes for Israeli withdrawal by the end of the year.
Hezbollah rejects US-brokered withdrawal deal, vows continued resistance
December 31 dips to 10%2%
Hezbollah rejected the US-mediated framework agreement and refused to disarm, undermining the conditions for Israeli withdrawal and contributing to market skepticism about any near-term full withdrawal from Lebanon.
Israeli military continues strikes against Hezbollah in southern Lebanon amid ceasefire violations
December 31 dips to 10%2%
Ongoing Israeli military operations targeting Hezbollah in southern Lebanon indicated continued hostilities, reducing the likelihood of a full withdrawal and depressing market confidence in a YES outcome by year-end.
Israeli strikes kill at least 11 in southern Lebanon, deadliest since June ceasefire
December 31 dips to 9%3%
Israeli airstrikes killed at least 11 people in southern Lebanon, marking the deadliest attack since the June ceasefire and signaling a significant escalation that undermined prospects for Israeli withdrawal.
Israeli strikes kill 11 in southern Lebanon, deadliest since June ceasefire
Israeli airstrikes killed 11 people in southern Lebanon, the deadliest attack since the June ceasefire, underscoring continued hostilities and Israel's ongoing military presence despite the framework agreement for phased withdrawal.
Israeli airstrike kills seven in southern Lebanon, deadliest since June ceasefire
An Israeli airstrike on a family home in Ansar killed seven people, signaling a breakdown in the ceasefire framework and raising doubts about any imminent Israeli withdrawal from Lebanon.
US announces start of Israeli withdrawal from pilot zones in southern Lebanon
December 31 dips to 10%2%
The US State Department announced that Israeli forces had begun withdrawing from designated pilot zones in southern Lebanon, with Lebanese troops moving in. This marked the first concrete implementation of the June framework but was limited in scope, keeping market confidence low for full withdrawal by year-end.
Hezbollah rejects US-brokered framework agreement and Israeli withdrawal conditions
December 31 dips to 11%1%
Hezbollah publicly rejected the US-brokered framework agreement and the conditional Israeli withdrawal tied to Hezbollah disarmament, maintaining opposition to any partial or phased withdrawal. This rejection contributed to ongoing tensions and diminished prospects for a full withdrawal announcement.
Lebanese Prime Minister urges clear timetable for Israeli withdrawal
Lebanese PM Nawaf Salam called for Israel to stop destruction operations and set a clear timetable for withdrawal from Lebanese territory, reflecting Lebanese government pressure amid ongoing Israeli occupation and military actions.
Lebanese Prime Minister urges timetable for Israeli withdrawal amid Hezbollah opposition
Lebanese PM Nawaf Salam called for a clear timetable for Israel’s withdrawal, while Hezbollah criticized the deal, highlighting internal Lebanese divisions and complicating the withdrawal process, which kept market prices near historic lows.
Lebanon’s PM urges timetable for Israeli withdrawal as Hezbollah slams deal
Lebanese Prime Minister called for a clear timetable for Israeli withdrawal while Hezbollah rejected the US-mediated framework, maintaining tensions and complicating withdrawal prospects.
Lebanese PM urges timetable for Israeli withdrawal amid Hezbollah criticism
Lebanese Prime Minister Nawaf Salam called for a clear timetable for Israeli withdrawal, while Hezbollah criticized the Lebanese government for pursuing the deal, highlighting internal divisions and ongoing uncertainty about withdrawal progress.
Lebanese PM urges timetable for Israeli withdrawal as Hezbollah criticizes deal
December 31 dips to 9%3%
Lebanese Prime Minister Nawaf Salam pushed for a clear timetable for Israeli withdrawal from Lebanese territory, while Israeli Defense Minister Israel Katz reiterated that Israel would not withdraw until Hezbollah is disarmed, maintaining the status quo and lowering market expectations for withdrawal.
Israeli Defense Minister Katz states Israel will not withdraw from southern Lebanon until Hezbollah is disarmed
December 31 drops to 7%5%
Defense Minister Israel Katz publicly declared that Israeli forces would remain in southern Lebanon indefinitely until Hezbollah is disarmed, reinforcing the position that no full withdrawal announcement would occur soon and causing market prices to drop further.
Israeli strikes continue in Lebanon amid no withdrawal vow
December 31 dips to 11%1%
Despite the US-brokered framework agreement, Israeli Defense Minister Katz reiterated no withdrawal from southern Lebanon, while Israeli strikes against Hezbollah continued, reinforcing market skepticism about a full withdrawal by year-end.
Israeli defense minister states no withdrawal until Hezbollah disarmed
December 31 dips to 9%3%
Defense Minister Israel Katz declared that Israel would not withdraw from southern Lebanon until Hezbollah is disarmed, reinforcing conditions that delayed full withdrawal and causing market prices to fall further.
Katz reiterates no withdrawal vow amid ongoing strikes in Lebanon
December 31 dips to 9%3%
Defense Minister Katz reaffirmed that Israeli forces would remain indefinitely in southern Lebanon, emphasizing security concerns and rejecting withdrawal despite the US-mediated framework, further depressing market expectations.
Israeli Defense Minister Katz vows no withdrawal from southern Lebanon security zone
August 31 dips to 0%1%
Defense Minister Israel Katz publicly stated that Israeli forces would not withdraw from the security zones in Lebanon under any circumstances, reinforcing the position that Israel intends to maintain its military presence indefinitely. This statement contributed to the market's near-zero confidence in withdrawal by August 31.
Israeli Defense Minister Katz states no withdrawal from southern Lebanon until Hezbollah disarmed
August 31 dips to 0%1%
Defense Minister Israel Katz publicly affirmed that Israeli forces would remain indefinitely in southern Lebanon until Hezbollah is disarmed, reinforcing the conditional nature of withdrawal and further depressing market probabilities for near-term exit.
Israel ties Lebanon withdrawal to Hezbollah disarmament, opposes full pullout
September 30 dips to 1%1%
Israeli Defense Minister Israel Katz stated Israel would not withdraw from southern Lebanon until Hezbollah is disarmed, reaffirming a conditional and extended military presence. This statement further diminished market expectations for full withdrawal by all analyzed dates.
Israel ties withdrawal from Lebanon to Hezbollah disarmament amid US criticism
December 31 dips to 9%3%
Israel's defense minister reiterated that withdrawal from southern Lebanon would only occur after verified Hezbollah disarmament, reinforcing the conditional nature of the pullback and maintaining Israeli forces in the security zone indefinitely, which kept market confidence low.
Israeli Defense Minister Katz ties Lebanon withdrawal to Hezbollah disarmament
December 31 dips to 9%1%
Defense Minister Israel Katz clarified that Israeli troops will remain in southern Lebanon until Hezbollah is disarmed, reinforcing the conditional nature of any withdrawal and causing market confidence in withdrawal by year-end to decline.
Israel reiterates withdrawal tied to Hezbollah disarmament after US rebuke
September 30 dips to 1%2%
Following US criticism of Israel's indefinite presence in southern Lebanon, Defence Minister Israel Katz reaffirmed that withdrawal would only occur after Hezbollah's disarmament, signaling no imminent withdrawal and further depressing market prices.
Israel confirms no withdrawal until Hezbollah disarmed, despite US criticism
Israeli Defense Minister Israel Katz stated that Israeli forces would not withdraw from southern Lebanon until Hezbollah is disarmed, signaling a prolonged military presence and dampening market hopes for withdrawal by August 31 or September 30.
Israeli Defense Minister says no withdrawal until Hezbollah disarmed
August 31 dips to 1%1%
Israel's Defense Minister Israel Katz stated that Israeli forces will not withdraw from southern Lebanon until Hezbollah is disarmed, signaling an indefinite military presence and further diminishing market expectations for withdrawal by August 31 or September 30.
Israel states no withdrawal from southern Lebanon until Hezbollah disarmed
December 31 dips to 11%1%
Israel publicly stated it will not withdraw from southern Lebanon until Hezbollah is fully disarmed, following US criticism of Israel's indefinite military presence. This reaffirmed the deadlock and diminished market confidence in withdrawal by the end of 2026.
Israel ties further withdrawal from southern Lebanon to Hezbollah disarmament
Israeli Defense Minister Israel Katz stated that Israel will not withdraw from southern Lebanon until Hezbollah is disarmed, reinforcing the conditional nature of any withdrawal and maintaining Israeli military presence, which kept market prices for withdrawal very low.
Israeli Defense Minister reiterates no withdrawal until Hezbollah disarmed
December 31 dips to 9%1%
Defense Minister Israel Katz stated Israel will not withdraw from southern Lebanon until Hezbollah is disarmed, reinforcing the conditional nature of any withdrawal and dampening market expectations for a full pullout by the end of 2026.
Israel states it will not withdraw from southern Lebanon until Hezbollah is disarmed
Israel announced that it would maintain its military presence in southern Lebanon indefinitely until Hezbollah is fully disarmed, rejecting any immediate withdrawal. This statement reinforced market pessimism about withdrawal by the end of August or September.
Israeli Defense Minister says no withdrawal until Hezbollah disarmed
December 31 dips to 9%3%
Defense Minister Israel Katz stated Israel would not withdraw from southern Lebanon as long as Hezbollah remains armed, reinforcing the position that no full withdrawal announcement would occur soon. This statement further depressed market probabilities for withdrawal.
Israel ties Lebanon withdrawal to Hezbollah disarmament after US criticism
December 31 dips to 11%1%
Defense Minister Israel Katz stated that Israel would not withdraw from southern Lebanon until Hezbollah is disarmed, reinforcing the conditional nature of any withdrawal and reducing market expectations for a full withdrawal by the end of 2026.
Israel ties Lebanon withdrawal to Hezbollah disarmament after US criticism
Israel's Defense Minister Israel Katz stated that Israeli forces will not withdraw from southern Lebanon until Hezbollah is disarmed, reaffirming a conditional withdrawal stance that dampened market expectations for withdrawal by August 31 and beyond.
Israeli Defense Minister Katz reiterates no withdrawal until Hezbollah disarmed
December 31 dips to 11%1%
Defense Minister Katz reaffirmed Israel's position that troops will remain in southern Lebanon indefinitely until Hezbollah is disarmed, following US criticism of Israel's indefinite presence. This statement further lowered market expectations for withdrawal by all deadlines.
Israeli Defense Minister states no withdrawal from southern Lebanon until Hezbollah disarmed
Defense Minister Israel Katz declared that Israeli forces would not withdraw from southern Lebanon until Hezbollah is fully disarmed, signaling a continuation of Israeli military presence and reducing market expectations for a full withdrawal by the end of 2026.
Israeli Defense Minister vows troops to stay in Lebanon despite framework agreement
December 31 dips to 10%2%
Israeli Defense Minister Israel Katz reaffirmed that Israeli troops would remain in southern Lebanon indefinitely, rejecting withdrawal despite the US-sponsored framework deal. This hardened market sentiment against withdrawal by the end of 2026, keeping probabilities near historic lows.
Israeli Defense Minister Katz vows no withdrawal from Lebanon security zones
December 31 dips to 9%3%
Defense Minister Israel Katz visited troops in southern Lebanon and ordered preparations for a long-term stay, stating Israel will not withdraw from security zones in Lebanon, Syria, and Gaza, directly challenging the US-brokered framework agreement.
Israeli Defense Minister Katz vows no withdrawal from southern Lebanon
August 31 dips to 1%1%
Defense Minister Israel Katz publicly stated that Israeli forces would not withdraw from southern Lebanon under any circumstances, reinforcing the government's position to maintain a security zone and diminishing market hopes for a withdrawal announcement by August 31.
Israeli Defense Minister Israel Katz vows no withdrawal from southern Lebanon security zones
December 31 drops to 6%6%
Defense Minister Israel Katz publicly declared that Israeli forces would not withdraw from security zones in southern Lebanon, Syria, and Gaza, challenging the US-brokered framework agreement and signaling a firm stance on maintaining military presence until Hezbollah is disarmed. This statement caused market prices for withdrawal to drop sharply.
Lebanese military begins deployment in pilot zones as Israeli withdrawal remains limited
Lebanese Armed Forces started deploying in designated pilot zones in southern Lebanon under the framework agreement, but Israeli forces maintained a security zone and continued operations, limiting the scope of withdrawal and keeping market confidence low.
US and Lebanese delegations meet to discuss implementation of Israeli withdrawal pilot zones
December 31 dips to 9%1%
US and Lebanese officials held talks in Beirut to establish mechanisms for implementing the first phase of Israeli withdrawal from designated pilot zones, but no timetable for full withdrawal was set, maintaining market pessimism.
US announces next round of Israel-Lebanon talks amid setbacks and border tensions
December 31 dips to 9%1%
The US announced that the next round of Israel-Lebanon talks would take place in early September after setbacks in Rome talks, with Lebanon pushing for more Israeli withdrawals and Israel insisting on Hezbollah disarmament verification first. This contributed to market skepticism about near-term withdrawal.
Lebanese President Aoun and US Secretary Rubio agree on need for full Israeli withdrawal
December 31 dips to 11%1%
During talks in Washington, Lebanese President Joseph Aoun and US Secretary of State Marco Rubio agreed on the importance of full Israeli withdrawal from southern Lebanon and urged implementation of the US-brokered framework. This diplomatic push highlighted ongoing international pressure but did not change Israel's conditional stance.
Analysis: Neither side in a rush to implement Israel-Lebanon accord
Reports indicated that Lebanon expected months to implement the pilot zones demilitarization program, while Israel showed no urgency to withdraw from the buffer zone in southern Lebanon, reinforcing market skepticism about a full withdrawal by the end of 2026.
Israeli military erects earth mound in southern Lebanese town, violating withdrawal agreement
Israeli forces crossed into the southern Lebanese town of Zoutar El Gharbiyeh and erected an earth mound, violating the June 26 US-brokered framework agreement that called for phased Israeli withdrawal and Lebanese army deployment, undermining trust in withdrawal progress.
Lebanon and Israel agree on countries to verify Hezbollah disarmament
Lebanon and Israel agreed on a preliminary list of countries that could send troops to verify Hezbollah's disarmament as part of the US-brokered agreement linking Israeli withdrawal to disarmament. This development showed progress in implementation talks but full withdrawal remained conditional.
Seventh round of US-brokered Israel-Lebanon talks in Rome ends without breakthrough amid Israeli strikes
December 31 dips to 6%4%
The seventh round of US-mediated talks in Rome concluded without progress on Israeli withdrawal, coinciding with intense Israeli artillery strikes in southern Lebanon. The framework agreement was criticized in Lebanon for lacking Israeli withdrawal commitments, reinforcing market pessimism about near-term withdrawal.
Lebanon-Israel talks stall with no progress on Israeli withdrawal
September 30 dips to 2%3%
Negotiations between Lebanon and Israel failed to secure progress on Israeli withdrawal or a genuine ceasefire. Israel prioritized Hezbollah's disarmament, while Lebanon insisted on full withdrawal, leading to stalled talks and reduced market confidence in withdrawal by September or December.
Israeli Defense Minister states withdrawal contingent on Hezbollah disarmament
September 30 dips to 3%1%
Defense Minister Israel Katz clarified that Israel will not withdraw from southern Lebanon until Hezbollah is disarmed, reinforcing the conditional nature of withdrawal and contributing to market pessimism about near-term exit.
Two Israeli soldiers killed in southern Lebanon explosion amid Rome peace talks
Two Israeli soldiers were killed in southern Lebanon during a fragile truce, coinciding with US-mediated talks in Rome on implementing the June 26 withdrawal deal, highlighting ongoing instability and complicating withdrawal prospects.
Israeli Defence Minister states no withdrawal until Hezbollah disarmed
September 30 dips to 3%1%
Israel's Defence Minister Israel Katz declared that Israeli forces would not withdraw from southern Lebanon until Hezbollah is disarmed, clarifying earlier remarks and drawing US criticism. This hardened Israel's position and reduced market confidence in near-term withdrawal.
Israel bombs 21 Lebanese villages amid ceasefire, raising withdrawal concerns
September 30 dips to 2%2%
Despite the ceasefire, Israel bombed multiple Lebanese villages, escalating tensions and undermining confidence in a full withdrawal by the deadlines, contributing to further market declines in withdrawal probability.
Israel carries out heaviest bombardment of Lebanon since June truce
Israel conducted multiple strikes in southern Lebanon, including a cemetery prayer hall and towns near Tyre, in response to ceasefire violations by Hezbollah. This military escalation coincided with US-mediated talks in Rome but dampened withdrawal prospects.
Two Israeli soldiers killed in southern Lebanon explosion, prompting retaliatory strikes
December 31 dips to 11%1%
Two Israeli soldiers were killed in an explosion in southern Lebanon, leading to retaliatory Israeli strikes and highlighting ongoing hostilities despite ceasefire agreements and withdrawal talks.
Israel carries out heaviest bombardment of Lebanon since June truce
December 31 dips to 10%2%
The IDF launched multiple strikes in southern Lebanon, including a cemetery prayer hall, causing casualties and damage. This marked a significant escalation and further diminished prospects for Israeli withdrawal by the end of 2026.
Two Israeli soldiers killed in southern Lebanon explosion amid fragile truce
Two Israeli soldiers were killed in an explosion during a security operation in southern Lebanon, the first Israeli deaths since the June ceasefire. Israel responded with strikes and evacuation orders, escalating tensions during ongoing US-mediated talks in Rome.
Israel resumes strikes in southern Lebanon amid stalled withdrawal talks
Despite ongoing US-mediated talks in Rome, Israel launched strikes in southern Lebanon following ceasefire violations, underscoring the fragile security situation and delaying full withdrawal prospects.
Israeli Defense Minister Katz states no withdrawal until Hezbollah disarmed
December 31 dips to 6%1%
Defense Minister Israel Katz declared that Israeli forces would not withdraw from southern Lebanon until Hezbollah is disarmed, signaling an indefinite military presence. This hardened stance further reduced market confidence in a full withdrawal by the end of 2026.
Israeli forces resume military operations in southern Lebanon amid stalled talks
December 31 dips to 9%3%
After minimal progress in peace talks, Israel resumed military operations targeting Hezbollah in southern Lebanon, signaling ongoing conflict and diminishing prospects for a full withdrawal by the market deadlines.
IDF carries out heaviest bombardment of Lebanon since June truce amid stalled talks
December 31 rises to 12%1%
Israel conducted heavy bombardments in southern Lebanon, including strikes on civilian areas, as peace talks in Rome stalled, increasing tensions and reducing confidence in a full Israeli withdrawal soon.
Israeli military maintains presence in southern Lebanon amid ongoing conflict
August 31 dips to 0%1%
Despite ceasefire agreements, Israeli Defense Minister Israel Katz stated forces would remain in southern Lebanon and continue operations against Hezbollah, signaling no imminent withdrawal and sustaining market doubts about near-term exit.
Israel continues military presence in southern Lebanon amid stalled withdrawal talks
December 31 dips to 12%1%
Despite the framework agreement, Israeli officials including Netanyahu reaffirmed that forces will remain in southern Lebanon until Hezbollah is disarmed, while Hezbollah rejects the deal, maintaining a stalemate and low market confidence in withdrawal by year-end.
Israel launches airstrikes in southern Lebanon after accusing Hezbollah of ceasefire violation
August 31 dips to 1%1%
Israel conducted airstrikes in southern Lebanon killing one and injuring 11, following accusations of Hezbollah violating the ceasefire. The strikes targeted towns including Tibnin and Mansouri, with Israel issuing evacuation orders, marking a significant escalation amid ongoing talks.
Israeli military strikes Hezbollah in Lebanon amid ceasefire violations
September 30 dips to 4%2%
Israeli strikes targeting Hezbollah in southern Lebanon indicated ongoing hostilities and security concerns, reducing the likelihood of a full Israeli withdrawal. This military activity contributed to declining market confidence in a withdrawal by September 30.
Israeli airstrikes kill civilians in southern Lebanon amid ongoing Rome peace talks
December 31 dips to 10%2%
On August 5, Israeli airstrikes killed at least one person and injured several in southern Lebanon, escalating tensions during ongoing US-mediated peace talks in Rome and undermining confidence in a full Israeli withdrawal by year-end.
Israel confirms no timetable for full withdrawal from Lebanon
December 31 dips to 12%1%
Israeli officials confirmed there is no set timetable for a full withdrawal from Lebanon, citing ongoing security threats from Hezbollah, which further reduced market expectations for withdrawal by the end of 2026.
Two Israeli soldiers killed in southern Lebanon amid fragile truce
December 31 dips to 12%1%
Two Israeli soldiers were killed in an explosion in southern Lebanon, marking the first Israeli deaths since the June truce with Hezbollah. This escalation occurred during ongoing talks about Israeli withdrawal and Hezbollah disarmament, increasing doubts about a full withdrawal by the end of 2026.
Israeli airstrikes in southern Lebanon kill one and injure 11 amid ceasefire violations
August 31 dips to 0%1%
Israel conducted airstrikes targeting southern Lebanese towns, killing civilians and escalating tensions despite the ceasefire framework. These attacks underscored ongoing conflict and reduced market optimism for withdrawal by August or September.
Israel conducts airstrikes in southern Lebanon despite framework agreement
September 30 dips to 2%4%
Despite the framework agreement, Israel carried out drone and airstrikes in southern Lebanon targeting Hezbollah operatives, indicating ongoing military operations and undermining confidence in a full withdrawal. Israeli military casualties were also reported, highlighting continued conflict.
Israel strikes Lebanon amid ongoing conflict and framework agreement implementation
December 31 dips to 8%4%
Despite the framework agreement, Israeli military strikes continued in southern Lebanon, including attacks causing casualties. This ongoing military activity underscored the fragile situation and contributed to low market confidence in a full withdrawal by the end of 2026.
Israeli airstrikes kill one and injure 11 in southern Lebanon amid ceasefire violations
December 31 dips to 11%1%
On August 5, Israeli airstrikes targeted southern Lebanese towns, killing one and injuring 11, marking the deadliest attack since the June ceasefire. This escalation highlighted ongoing hostilities and undermined confidence in a full Israeli withdrawal by year-end.
Israeli soldiers killed in southern Lebanon amid fragile ceasefire
Two Israeli soldiers were killed in southern Lebanon, marking the first Israeli deaths since the June truce. This incident highlighted ongoing hostilities and instability, further diminishing prospects for a full Israeli withdrawal in the near term.
Hezbollah rejects US-brokered ceasefire deal and demands full Israeli withdrawal
December 31 dips to 11%2%
Hezbollah officially rejected the ceasefire deal agreed upon by Lebanon and Israel, calling the negotiations humiliating and demanding a full Israeli withdrawal. This rejection undermined prospects for a comprehensive ceasefire and Israeli withdrawal, negatively impacting market confidence.
Two Israeli soldiers killed in southern Lebanon amid ceasefire violations
September 30 dips to 4%3%
An explosion killed two Israeli soldiers in southern Lebanon, prompting Israeli strikes and evacuation warnings, highlighting ongoing conflict risks despite the ceasefire and withdrawal talks.
Israeli Chief of Staff rules out disarmament, impacting Lebanon withdrawal odds
The Israeli Chief of Staff stated there was no goal of disarming Hezbollah or ceasing military operations on the northern front, signaling continued Israeli military presence in Lebanon. This statement was interpreted as reducing the likelihood of Israeli withdrawal by the end of 2026, reflected in market price declines.
Israeli airstrikes in southern Lebanon kill one and injure 11 amid ongoing talks
December 31 dips to 11%1%
Israeli military conducted targeted airstrikes in southern Lebanon, killing one and injuring 11, citing Hezbollah ceasefire violations. This escalation occurred during US-mediated peace talks in Rome, undermining confidence in a full Israeli withdrawal by deadlines.
Israeli airstrikes in southern Lebanon kill one and injure 11 amid ongoing tensions
September 30 dips to 2%4%
Israeli airstrikes targeted southern Lebanese towns citing Hezbollah ceasefire violations, killing civilians and escalating tensions during ongoing US-mediated talks, reducing confidence in imminent full Israeli withdrawal.
Israeli military carries out explosion in southern Lebanese town Haddatha amid ongoing talks
December 31 dips to 12%2%
On August 5, 2026, the Israeli military conducted an explosion in Haddatha, southern Lebanon, coinciding with a new round of US-mediated negotiations in Rome aimed at advancing the framework agreement. Despite diplomatic efforts, military operations continued, signaling persistent tensions and reducing likelihood of imminent full withdrawal.
Israel conducts strikes in southern Lebanon amid ceasefire violations
The Israeli military launched strikes in southern Lebanon after accusing Hezbollah of violating the ceasefire. The framework agreement's withdrawal plan depends on Lebanese army disarming Hezbollah, which remains unlikely, further dampening prospects for full Israeli withdrawal.
Israel begins phased withdrawal from Lebanon pilot zones under US supervision
August 31 dips to 1%3%
Israel started the phased military pullback from designated pilot zones with Lebanese Armed Forces taking control, representing the first concrete implementation step but not a full withdrawal announcement, keeping market prices low.
Hezbollah rejects US-brokered withdrawal deal, vows to continue resistance
December 31 dips to 10%2%
Hezbollah publicly rejected the US-mediated framework agreement and refused to disarm, undermining prospects for Israeli withdrawal and contributing to market pessimism about withdrawal by any deadline.
Lebanon and Israel remain split over disarming Hezbollah at Rome talks
Despite ongoing US-brokered negotiations, Lebanon and Israel remained divided over Hezbollah's disarmament and the pace of Israeli withdrawal, with no further pullbacks expected soon, sustaining market doubts about near-term full withdrawal.
Seventh round of US-mediated Israel-Lebanon talks begins in Rome
Diplomatic talks resumed aiming to establish new pilot zones for Israeli withdrawal and Lebanese army control, but no concrete timetable or full withdrawal announcement emerged, maintaining market skepticism about withdrawal by August 31.
US facilitates Israel-Lebanon talks in Italy to advance withdrawal framework
The US hosted talks in Rome focusing on advancing the implementation of the withdrawal framework, including expanding pilot zones and resolving border disputes, reflecting ongoing diplomatic efforts but no full withdrawal announcement.
Israel and Lebanon hold seventh round of US-mediated talks in Rome
September 30 dips to 2%4%
Diplomatic talks continued with no breakthrough on full Israeli withdrawal, as Israel maintained its security buffer and tied withdrawal to Hezbollah disarmament. The ongoing negotiations reflected the fragile nature of the framework and sustained market uncertainty.
US-facilitated Israel-Lebanon talks resume in Rome amid stalled withdrawal progress
A new round of US-mediated talks began in Rome to advance Israeli withdrawal and Lebanese army deployment in southern Lebanon, but disagreements over Hezbollah disarmament and withdrawal timelines persisted, maintaining market pessimism.
Lebanon and Israel hold US-brokered talks in Rome amid stalled withdrawal progress
Lebanon and Israel held a new round of US-brokered talks in Rome focusing on disarming Hezbollah and Israeli withdrawal, but disagreements persisted, limiting progress and maintaining low market confidence in withdrawal by September 30.
US facilitates Israel-Lebanon talks in Italy focusing on withdrawal implementation
US-led talks in Rome focused on advancing the implementation of the framework agreement, including expanding pilot zones and resolving border issues, signaling ongoing but slow progress toward phased Israeli withdrawal.
Seventh round of US-mediated peace talks in Rome on implementing pilot zones
December 31 dips to 6%3%
Lebanese and Israeli delegations met in Rome to discuss implementation of the framework agreement, but ongoing Israeli strikes and Hezbollah rejection kept the situation tense and market confidence low for full withdrawal by year-end.
Israel and Lebanon resume talks amid ongoing tensions and conditional withdrawal terms
Envoys from Israel and Lebanon met again in Rome to continue negotiations on disarmament of Hezbollah and Israeli withdrawal. The talks underscored the conditional nature of withdrawal on Hezbollah disarmament, maintaining uncertainty and low market confidence in a full withdrawal by year-end.
Seventh round of US-mediated Israel-Lebanon talks begins in Rome on pilot zones
September 30 dips to 2%2%
Diplomatic talks resumed aiming to implement new pilot zones for Israeli withdrawal and Lebanese army control, but ongoing Israeli strikes and Hezbollah opposition kept market expectations low for full withdrawal by September.
US facilitates Israel-Lebanon talks in Rome to advance framework implementation
September 30 dips to 4%2%
US-led talks in Rome focused on expanding pilot zone initiatives and resolving border disputes to implement the framework agreement. The discussions aimed to move toward a comprehensive peace accord but progress remained cautious amid ongoing tensions.
Continued Israeli military activity in southern Lebanon delays full withdrawal
September 30 dips to 2%3%
Lebanese army sources reported that ongoing Israeli military strikes, gunfire, and demolitions in southern Lebanon are the main challenges delaying the framework agreement and full Israeli withdrawal, maintaining low market confidence.
Israeli forces maintain control over southern Lebanon buffer zone amid ongoing strikes
September 30 dips to 2%4%
Despite the framework agreement, Israeli forces continued to operate in a security buffer zone about six miles deep inside Lebanon, conducting strikes and demolitions, which kept market confidence low for a full withdrawal by September 30 or December 31.
Lebanese President condemns continued Israeli military activity in south Lebanon
December 31 dips to 10%2%
President Joseph Aoun condemned Israeli military strikes and demolition of buildings in southern Lebanon, calling it a serious escalation and violation of understandings. This underscored ongoing conflict and delayed withdrawal progress, negatively impacting market sentiment.
Israeli leadership publicly vows to remain in southern Lebanon indefinitely
December 31 dips to 12%1%
Prime Minister Netanyahu and Defense Minister Katz publicly stated Israeli forces would stay in southern Lebanon 'as long as necessary,' rejecting any immediate withdrawal and reinforcing market skepticism about withdrawal by all dates, pushing prices to historic lows.
Israel kills Hezbollah members on strategic Lebanon hilltop amid ongoing conflict
December 31 rises to 13%1%
Israeli military operations intensified with targeted strikes against Hezbollah positions in southern Lebanon, signaling continued conflict and reducing prospects for imminent full withdrawal. This escalation contributed to market pessimism about withdrawal by year-end.
Israeli Defense Minister Katz reiterates refusal to withdraw from southern Lebanon despite US pressure
September 30 dips to 4%2%
Defense Minister Katz publicly stated that Israeli ground forces would remain indefinitely in southern Lebanon until Hezbollah is disarmed, signaling no imminent withdrawal and causing further market price declines.
Israeli military kills Hezbollah members in southern Lebanon amid ongoing clashes
Israeli forces killed several Hezbollah members on a strategic ridge in southern Lebanon, signaling continued military operations and instability in the region. This ongoing conflict and lack of comprehensive withdrawal contributed to market pessimism about Israel fully withdrawing by the end of 2026.
Israeli forces withdraw from Debbine area allowing Lebanese army deployment
The Israeli military withdrew from the Debbine area in southern Lebanon, enabling Lebanese army deployment. This limited, logistical withdrawal was not a full withdrawal and had limited impact on market confidence in complete Israeli withdrawal.
Israel announces killing of Hezbollah members amid ongoing clashes in southern Lebanon
Despite the ceasefire agreement, Israel reported killing several Hezbollah members in southern Lebanon, indicating continued military operations and no full withdrawal, maintaining market skepticism about withdrawal by year-end.
Israeli forces erect earth mound in southern Lebanese town, violating withdrawal agreement
December 31 drops to 15%5%
Israeli forces crossed into the southern Lebanese town of Zoutar El Gharbiyeh and erected an earth mound, violating the June 26 US-brokered framework agreement. This action undermined trust in the withdrawal process and further decreased market optimism for a full withdrawal by the end of 2026.
Israeli Defense Minister Katz states no withdrawal from southern Lebanon
August 31 dips to 1%2%
Defense Minister Israel Katz publicly declared that Israeli ground forces would remain indefinitely in southern Lebanon until Hezbollah is disarmed, signaling no imminent full withdrawal. This statement sharply reduced market confidence in withdrawal by near-term dates.
US confirms supervision of phased Israeli withdrawal from pilot zones
August 31 rises to 4%2%
The US announced it would oversee Israel's gradual military pullback from designated pilot zones in southern Lebanon, marking the start of phased withdrawal but falling short of full withdrawal, causing slight market optimism.
Israeli Defense Minister Katz reiterates refusal to withdraw from southern Lebanon
September 30 dips to 2%3%
Defense Minister Israel Katz publicly stated that Israeli forces would remain indefinitely in southern Lebanon until Hezbollah is disarmed, signaling no imminent full withdrawal. This hardened stance significantly reduced market confidence in a full withdrawal by near-term dates.
Israeli Defense Minister Katz declares no withdrawal from southern Lebanon despite U.S. pressure
September 30 drops to 4%5%
Defense Minister Israel Katz publicly stated that Israeli forces would not withdraw from southern Lebanon even if the U.S. demanded it, reinforcing a firm stance against withdrawal and reducing market confidence in near-term exit.
US official says Israeli withdrawal from first pilot zone in southern Lebanon imminent
September 30 dips to 1%4%
A US official announced that Israel's withdrawal from the first pilot zone in southern Lebanon would begin within days, signaling progress in the phased withdrawal process. However, Lebanon's refusal to attend further talks until withdrawal occurs and ongoing disputes limited market optimism.
Israeli officials publicly reject immediate withdrawal from southern Lebanon
December 31 drops to 12%10%
Israeli Defense Minister Israel Katz and other officials stated that Israeli forces would remain indefinitely in southern Lebanon, rejecting any immediate withdrawal despite international pressure. This hardened market sentiment against near-term withdrawal, causing a sharp drop in probabilities for all dates.
Prime Minister Netanyahu vows to maintain Israeli occupation in southern Lebanon
August 31 dips to 1%1%
Netanyahu publicly stated Israeli forces would remain indefinitely in southern Lebanon, rejecting withdrawal despite ceasefire agreements, which strongly influenced market expectations toward a 'No' outcome for withdrawal by August 31.
Israeli Defense Minister Katz vows no withdrawal from southern Lebanon
December 31 dips to 12%2%
Defense Minister Israel Katz publicly declared that Israeli forces would remain indefinitely in southern Lebanon's security zones until Hezbollah is disarmed, signaling no imminent full withdrawal and causing market prices for withdrawal to drop sharply.
Hezbollah rejects US-brokered withdrawal deal; Netanyahu vows to stay until disarmament
September 30 dips to 2%3%
Hezbollah rejected the US-brokered withdrawal framework, and Israeli Prime Minister Netanyahu reaffirmed that Israeli forces would remain in southern Lebanon indefinitely until Hezbollah is disarmed. This hardened stance reinforced market skepticism about a full withdrawal by the deadlines.
US official confirms Israeli troop withdrawal from Lebanon pilot zones to begin soon
August 31 rises to 4%1%
A US official announced that Israeli Defense Forces would begin withdrawing from pilot zones in southern Lebanon, signaling initial implementation of the framework agreement and causing slight market optimism for partial withdrawal by July 31, though no full withdrawal was announced.
Israeli Defense Minister Katz states no withdrawal until Hezbollah disarmed
September 30 drops to 1%11%
Defense Minister Israel Katz publicly declared that Israeli forces would remain indefinitely in southern Lebanon until Hezbollah is disarmed, signaling no imminent full withdrawal and sharply reducing market confidence in near-term withdrawal.
Defense Minister Katz publicly vows no withdrawal from southern Lebanon
August 31 drops to 1%5%
Israeli Defense Minister Israel Katz declared that Israeli forces would not withdraw from southern Lebanon and would continue military operations despite ceasefire agreements, sharply reducing market confidence in near-term withdrawal.
Israeli Defense Minister Katz and Prime Minister Netanyahu reaffirm no full withdrawal from Lebanon
December 31 dips to 11%1%
Israeli officials, including Defense Minister Israel Katz and Prime Minister Benjamin Netanyahu, publicly stated that Israeli forces would remain in southern Lebanon indefinitely, rejecting any immediate or full withdrawal, which sharply lowered market expectations.
Israeli Defense Minister Katz and PM Netanyahu vow indefinite stay in Lebanon
August 31 dips to 0%3%
Both Israeli Defense Minister Katz and Prime Minister Netanyahu publicly stated that Israeli ground forces would remain indefinitely in southern Lebanon until Hezbollah is disarmed, strongly signaling no imminent full withdrawal and causing market prices to drop sharply.
Israeli Defense Minister Katz reiterates refusal to withdraw from southern Lebanon
December 31 dips to 12%2%
Defense Minister Israel Katz publicly declared that Israeli forces would remain indefinitely in southern Lebanon until Hezbollah is disarmed, signaling no imminent full withdrawal. This official stance further depressed market expectations for withdrawal by year-end.
Israeli Defense Minister Katz reiterates no withdrawal from southern Lebanon
August 31 dips to 1%2%
Defense Minister Israel Katz publicly declared that Israeli forces would remain indefinitely in southern Lebanon until Hezbollah is disarmed, reinforcing market skepticism about any near-term full withdrawal and causing further price declines.
Netanyahu and Defense Minister Katz reaffirm no full withdrawal from southern Lebanon
December 31 dips to 12%2%
Prime Minister Netanyahu and Defense Minister Israel Katz publicly declared that Israeli forces would remain in southern Lebanon indefinitely until Hezbollah is disarmed, signaling no imminent full withdrawal. This hardened stance sharply reduced market confidence in withdrawal by any near-term date.
Netanyahu and Defense Minister Katz publicly declare no imminent withdrawal from southern Lebanon
August 31 dips to 1%2%
Prime Minister Netanyahu and Defense Minister Katz stated Israeli forces would remain in southern Lebanon 'as long as necessary,' rejecting any precondition for withdrawal. This hardened stance sharply reduced market confidence in withdrawal by near-term dates.
Israeli Defense Minister confirms no withdrawal from southern Lebanon
December 31 dips to 11%2%
Defense Minister Israel Katz publicly stated that the Israeli army would not withdraw from territory occupied in southern Lebanon, reinforcing the position that no withdrawal announcement would occur soon and pushing market probabilities lower.
Lebanese military reports Israeli withdrawal from Debbine area amid ceasefire talks
December 31 dips to 15%3%
On July 31, 2026, the Lebanese military announced that Israeli forces had withdrawn from the Debbine area, allowing Lebanese army deployment. However, this was a limited, logistical withdrawal and did not signal a full Israeli withdrawal from Lebanon, resulting in mixed market reactions and limited impact on overall withdrawal expectations.
Israeli Defense Minister reiterates refusal to withdraw from southern Lebanon
August 31 dips to 1%3%
Defense Minister Israel Katz publicly stated that Israeli forces would not withdraw from southern Lebanon even if pressured by the US, emphasizing security concerns. This hardened stance reinforced market expectations that full withdrawal by July 31 was unlikely, causing further price declines.
Israeli Defense Minister reiterates refusal to withdraw from southern Lebanon despite US demands
December 31 drops to 5%7%
Defense Minister Israel Katz publicly stated that Israeli forces would not withdraw from southern Lebanon even if pressured by the US, reinforcing the stance of continued occupation and reducing market expectations for withdrawal by mid-year.
Netanyahu publicly vows Israeli forces will remain in southern Lebanon indefinitely
December 31 drops to 12%11%
Prime Minister Netanyahu publicly stated that Israeli ground forces would stay in southern Lebanon 'as long as necessary,' rejecting any immediate withdrawal. This statement significantly lowered market confidence in a near-term full withdrawal.
Israeli officials affirm extended occupation despite partial withdrawals
December 31 dips to 11%1%
Israeli leaders including Netanyahu and Defense Minister Katz reaffirmed that Israeli forces would remain in southern Lebanon as long as Hezbollah is not disarmed, dampening market expectations for full withdrawal by year-end.
Israel rejects further withdrawals from southern Lebanon, insists on security zone
September 30 dips to 1%2%
Israeli Defense Minister Israel Katz publicly stated that Israeli forces would not agree to any additional withdrawals from southern Lebanon and would maintain freedom of action in the area, signaling no imminent full withdrawal and causing market prices to drop further.
Israel rejects immediate withdrawal, insists on freedom of action in Lebanon
Israeli Defense Minister and Prime Minister publicly rejected any immediate full withdrawal from Lebanon, emphasizing continued military presence until Hezbollah is disarmed. This stance further diminished market confidence in withdrawal by the end of 2026.
Israel rejects further withdrawals from Lebanon, insists on freedom of action
December 31 dips to 12%2%
On July 29, Israel declared it would not agree to any additional withdrawals from Lebanon in upcoming negotiations and sought to maintain operational freedom in areas handed over to the Lebanese army, dampening prospects for full withdrawal.
Israel rules out additional withdrawals from Lebanon, insists on freedom of action
December 31 dips to 9%1%
Israel declared it would not agree to further withdrawals in upcoming negotiations and would maintain freedom of action in areas handed over to Lebanese forces. This firm position, tied to Hezbollah disarmament conditions, further reduced market expectations for a full withdrawal by the end of 2026.
Israel rules out additional withdrawals from southern Lebanon, insists on freedom of action
September 30 dips to 4%2%
Israeli officials declared they would not agree to any further withdrawals from Lebanon in upcoming negotiations, maintaining a security zone and operational freedom. This stance reinforced market expectations of no full withdrawal by the analyzed dates.
Israel rejects further withdrawal from Lebanon, insists on security freedom of action
December 31 dips to 9%1%
Israel declared it would not agree to any additional withdrawals from Lebanon and emphasized maintaining freedom of action in areas handed to Lebanese forces, signaling no full withdrawal soon and depressing market prices.
Israel rules out further withdrawals, insists on freedom of action in Lebanon
December 31 dips to 9%1%
Israel declared it would not agree to additional withdrawals in upcoming negotiations and sought to maintain operational freedom in areas handed to Lebanese forces, signaling a prolonged military presence and reducing withdrawal expectations.
Hezbollah attacks Israeli forces in southern Lebanon amid ongoing tensions
December 31 rises to 11%2%
Hezbollah launched an explosive drone attack on Israeli military vehicles in southern Lebanon, escalating tensions despite the framework agreement and partial withdrawals. This incident underscored the fragile security situation and the ongoing conflict, reducing market confidence in a full Israeli withdrawal by the specified dates.
Israel rules out further withdrawal from Lebanon, insists on freedom of action
September 30 dips to 2%4%
Israeli officials declared no agreement to additional withdrawals in upcoming talks, emphasizing continued military freedom in areas handed to Lebanese forces. This hardened stance contributed to market prices dropping close to zero for near-term withdrawal outcomes.
Israeli Defense Minister Katz rules out withdrawal despite US-Iran deal
December 31 drops to 12%5%
On July 29, Defense Minister Israel Katz publicly declared that Israel would not withdraw from southern Lebanon despite the US-Iran peace agreement, reinforcing market expectations of no withdrawal by year-end.
Israel rules out additional withdrawals from Lebanon, insists on freedom of action
August 31 dips to 1%3%
Israeli officials declared they would not agree to further withdrawals beyond pilot zones and emphasized maintaining freedom of action in southern Lebanon. This hardened stance, along with Hezbollah's rejection of the framework, further diminished market confidence in a full withdrawal by August or September 2026.
Israel rules out further withdrawal from Lebanon, seeks freedom of action
December 31 dips to 7%3%
Israeli officials declared no agreement to additional withdrawals in upcoming talks and emphasized maintaining freedom of action in areas handed to Lebanese forces, signaling a firm stance against full withdrawal without Hezbollah disarmament, depressing market confidence.
Israel declares no further withdrawals from southern Lebanon without Hezbollah disarmament
Israel informed mediators it would not agree to any additional withdrawals from southern Lebanon unless Hezbollah is disarmed and security arrangements are strengthened, signaling a firm stance against full withdrawal and limiting market optimism.
Israel rules out further withdrawals from southern Lebanon, insists on freedom of action
September 30 dips to 6%2%
Israel declared it would not agree to additional withdrawals in upcoming negotiations and emphasized maintaining operational freedom in areas handed to Lebanese forces, reducing market confidence in a full withdrawal by the deadlines.
Israel says no further south Lebanon withdrawals without Hezbollah disarmament
September 30 dips to 5%1%
Israel informed mediators it will not agree to additional withdrawals during upcoming US-mediated talks unless Hezbollah is disarmed and security arrangements are strengthened, reinforcing the conditional nature of the withdrawal process.
Lebanese army deploys in pilot zones after Israeli withdrawal amid ongoing Israeli shelling
December 31 dips to 12%2%
The Lebanese army began deploying in the designated pilot zones following Israeli troop withdrawals, but Israeli shelling and clearance operations continued, obstructing full Lebanese control and raising doubts about the withdrawal's completeness.
Iran's Khamenei ties US-Iran peace deal to Israel ending attacks on Lebanon
Iran's supreme leader called for an absolute end to Israeli attacks on Lebanon, linking the US-Iran peace deal to Israel's withdrawal. The statement highlighted the diplomatic impasse as Israel conditioned withdrawal on Hezbollah disarmament, which Iran and Hezbollah rejected, sustaining market pessimism.
Israel maintains refusal to withdraw fully from southern Lebanon despite talks
December 31 dips to 11%3%
Israeli officials reiterated that they would not withdraw fully from southern Lebanon as long as Hezbollah remains armed, maintaining a security zone and limiting market optimism for a complete withdrawal by year-end.
Israel and Lebanon agree Lebanese army to move into positions vacated by IDF
Israel and Lebanon agreed that the Lebanese Armed Forces would take control of positions vacated by Israeli forces in southern Lebanon as part of a pilot program to ensure the area is free of Hezbollah fighters, reinforcing the phased withdrawal process.
Israel bombs 21 Lebanese villages amid ceasefire, raising withdrawal doubts
December 31 dips to 10%2%
Israeli airstrikes on Lebanese villages during a ceasefire heightened tensions and cast doubt on the stability of the ceasefire and the likelihood of a full Israeli withdrawal, causing further market declines in withdrawal probabilities.
Israel carries out military strikes in southern Lebanon despite ceasefire deal
December 31 drops to 16%6%
Israeli army conducted attacks in southern Lebanon despite the ceasefire and ongoing talks, undermining confidence in a full withdrawal and contributing to a decline in market prices for withdrawal by all dates.
Israeli officials reaffirm no full withdrawal without Hezbollah disarmament
December 31 dips to 16%4%
Israeli Prime Minister Netanyahu and defense officials publicly stated that Israeli forces will remain in southern Lebanon until Hezbollah is disarmed, signaling no immediate full withdrawal and contributing to market decline in withdrawal probabilities.
Israel carries out blasts in southern Lebanon despite ceasefire and ongoing talks
December 31 dips to 10%2%
Israeli military actions in southern Lebanon, including blasts and attacks, continued despite the ceasefire and withdrawal talks, undermining confidence in a full withdrawal and contributing to market pessimism.
Lebanese Prime Minister says Beirut working for complete Israeli withdrawal
December 31 rises to 12%2%
Lebanese Prime Minister Nawaf Salam stated that Lebanon is working towards a complete Israeli withdrawal from occupied areas, reflecting Lebanese government pressure on Israel to implement the framework agreement fully.
Lebanese Prime Minister says Lebanon working for complete Israeli withdrawal
December 31 dips to 7%2%
Lebanese Prime Minister Nawaf Salam publicly stated that Lebanon is actively pursuing a complete Israeli withdrawal from occupied territories, reinforcing Lebanon's diplomatic stance. However, Israeli officials maintained their position linking withdrawal to Hezbollah disarmament, limiting market optimism for near-term full withdrawal.
Lebanon PM says Beirut working for ‘complete Israeli withdrawal’
December 31 dips to 12%1%
Lebanese Prime Minister Nawaf Salam stated Lebanon is working towards a complete Israeli withdrawal from occupied areas, reflecting official aspirations but without immediate confirmation of full withdrawal.
Lebanese army deploys in southern Lebanon town after Israeli troop withdrawal
August 31 dips to 9%1%
Following Israeli withdrawal from the town of Zawtar al-Gharbiya, the Lebanese army began deploying troops, signaling progress in the pilot zone implementation but with ongoing security concerns.
Lebanese Prime Minister hails start of Israeli withdrawal from Lebanon pilot zones
Lebanese Prime Minister Nawaf Salam visited one of the US-designated pilot zones in southern Lebanon, declaring the start of Israeli withdrawal from Lebanese territory. Lebanese troops began deploying and demining operations following Israeli troop drawdown, marking a significant milestone in the phased withdrawal process.
Lebanese army deploys to southern towns following Israeli withdrawal
December 31 dips to 12%2%
Lebanese forces began entering southern Lebanese towns previously occupied by Israeli forces, marking a partial implementation of the withdrawal agreement. Despite this, Israeli Prime Minister Netanyahu described the moves as redeployments, not full withdrawal, sustaining market skepticism.
Lebanese army deploys in Zawtar al-Gharbiyeh after Israeli withdrawal
Lebanese forces began deploying in Zawtar al-Gharbiyeh following Israeli withdrawal in accordance with the US-mediated agreement, demonstrating implementation of pilot zones but not full withdrawal, limiting market optimism.
US announces activation of pilot zones enabling Lebanese army to replace Israeli troops
The US announced the activation of pilot zones in southern Lebanon, designed to allow the Lebanese army to replace Israeli forces, reinforcing the phased withdrawal plan but with no full withdrawal yet, keeping market probabilities low.
Lebanese army deploys to southern towns as part of Israeli withdrawal pilot zones
Lebanese forces entered southern towns such as Srifa and Froun, previously occupied by Israeli troops, as part of the pilot zones under the US-brokered agreement. This transfer of control was coordinated with Washington and seen as a step toward reducing Israeli presence, though full withdrawal remained uncertain.
Lebanese Prime Minister says Beirut working for complete Israeli withdrawal
December 31 dips to 8%1%
Lebanese PM Nawaf Salam stated Lebanon is mobilizing political and diplomatic efforts to secure a complete Israeli withdrawal from southern Lebanon, reflecting ongoing pressure for full withdrawal despite partial steps taken.
Lebanon PM affirms efforts for complete Israeli withdrawal amid troop redeployments
December 31 dips to 12%2%
Lebanese Prime Minister Nawaf Salam stated Lebanon's commitment to securing a complete Israeli withdrawal from southern Lebanon while visiting a village where Lebanese forces recently deployed. Despite Israeli troop withdrawals in pilot zones, Israel maintained presence in other areas, reflecting ongoing uncertainty about full withdrawal timing.
Lebanese army deploys to southern towns as Israeli troops adjust positions
Lebanese forces entered southern towns beyond pilot zones as Israeli troops adjusted their posture, described as redeployments rather than full withdrawals, maintaining uncertainty about complete Israeli exit.
Israeli troops withdraw from parts of southern Lebanon under US-mediated ceasefire agreement
August 31 dips to 2%1%
Israeli forces withdrew from some southern Lebanese towns, allowing Lebanese army deployment as part of the pilot zones. The IDF described the moves as redeployments, not full withdrawals, maintaining readiness to respond to threats, which kept market confidence in full withdrawal low.
Israel withdraws troops from Lebanon towns in test of truce
August 31 rises to 4%1%
Israeli troops withdrew from parts of southern Lebanon under the US-mediated ceasefire agreement, enabling Lebanese forces to deploy in pilot zones, though Israel described the moves as redeployments and maintained conditions on further withdrawal.
Lebanese President Aoun meets US President Trump to discuss Israeli withdrawal and Hezbollah disarmament
December 31 rises to 12%2%
Lebanese President Joseph Aoun met with US President Donald Trump in Washington to present a plan for Hezbollah disarmament and to urge US pressure on Israel for full withdrawal, highlighting ongoing diplomatic efforts but no immediate withdrawal announcement.
Three villages in southern Lebanon begin phased Israeli withdrawal under US supervision
Israeli forces started phased withdrawal from three southern Lebanese villages as part of the US-brokered agreement, marking the first tangible step toward withdrawal but insufficient for full exit, reflecting in low market prices for all dates.
Lebanese army begins deployment in Zawtar al-Gharbiyeh following Israeli withdrawal
September 30 rises to 7%1%
Lebanese forces started deploying in areas previously occupied by Israeli troops as part of the US-mediated agreement, marking a key step in the phased withdrawal process and slightly improving market confidence for withdrawal by later dates.
Israeli troops withdraw from parts of southern Lebanon in test of truce
December 31 dips to 14%4%
Israeli forces withdrew from parts of southern Lebanon under a US-mediated ceasefire agreement, marking a tangible but limited step in phased withdrawal. This partial pullback raised cautious optimism but was insufficient for full withdrawal, reflected in modest market price changes.
Israeli forces withdraw from parts of southern Lebanon under US-mediated truce
December 31 dips to 14%1%
Israeli troops withdrew from parts of southern Lebanon on July 21 as part of a US-mediated ceasefire agreement, marking a limited pullback but not a full withdrawal, which maintained market skepticism about complete withdrawal by year-end.
Lebanese army begins deployment in southern Lebanon pilot zones after Israeli withdrawal
July 31 plunges to 0%23%
The Lebanese army started deploying in southern Lebanon's pilot zones following Israeli withdrawal, marking the first test of the US-brokered framework agreement. This indicated partial Israeli pullback but not full withdrawal from Lebanon.
Israeli forces withdraw from parts of southern Lebanon under US-mediated ceasefire
August 31 dips to 1%1%
Israeli troops began withdrawing from parts of southern Lebanon as part of the US-brokered framework, allowing Lebanese army deployment in pilot zones and testing the phased withdrawal process, though full withdrawal remained conditional on Hezbollah disarmament.
Lebanese army deploys to southern town as Israeli troops withdraw from parts of Lebanon
On July 21, Lebanese forces deployed to southern towns such as Srifa under the US-mediated ceasefire agreement, while Israel adjusted its troop posture but maintained readiness, signaling partial Israeli withdrawal and ongoing tensions.
Lebanese army deploys in Zawtar al-Gharbiyeh after Israeli withdrawal
August 31 dips to 1%2%
Following Israeli withdrawal from parts of southern Lebanon, the Lebanese army began deploying in designated pilot zones, marking a step toward Lebanese control but not full Israeli withdrawal.
Israeli forces begin limited withdrawal from parts of southern Lebanon under US-mediated ceasefire
August 31 dips to 2%1%
Israeli troops withdrew from some southern Lebanese villages, handing over control to the Lebanese army as part of the pilot zones agreement. This limited withdrawal was symbolic and did not constitute a full withdrawal, thus insufficient to change market expectations significantly.
Israeli troops withdraw from parts of southern Lebanon in truce test
August 31 dips to 1%1%
Israeli forces withdrew from parts of southern Lebanon under a US-mediated ceasefire agreement, marking a tangible step in phased withdrawal. However, Israel maintained a security zone and full withdrawal remained conditional, limiting market gains.
Lebanese army deploys to towns following Israeli withdrawal in pilot zones
August 31 dips to 1%2%
Lebanese Armed Forces entered towns such as Zawtar Al Gharbeye, Froun, and Srifa after Israeli troops withdrew, as part of the pilot zones agreement, testing Lebanon's ability to control areas previously occupied by Israel and to disarm Hezbollah, though Israeli forces remained ready to respond to threats.
Israeli forces begin withdrawal from parts of southern Lebanon under US-mediated ceasefire
August 31 dips to 2%1%
Israeli troops withdrew from parts of southern Lebanon as part of the US-mediated ceasefire agreement, allowing Lebanese forces to enter pilot zones. This partial withdrawal was a tangible step but insufficient to convince markets of a full withdrawal by the deadlines.
Lebanese army deploys in 'pilot zone' after Israeli withdrawal
August 31 dips to 2%1%
Following Israeli troop withdrawals under the US-brokered agreement, Lebanese army engineering units entered the village of Zawtar al-Gharbiyeh, marking a key step in the phased withdrawal and transfer of security responsibility to Lebanon.
Israeli troops withdraw from parts of southern Lebanon in test of truce
September 30 dips to 5%2%
Israeli forces withdrew from parts of southern Lebanon under a US-mediated ceasefire agreement, marking a tangible step in the phased withdrawal process. This partial withdrawal raised cautious optimism but did not indicate a full withdrawal, keeping market confidence low.
Lebanese army deploys in southern Lebanon pilot zones after Israeli withdrawal
September 30 dips to 5%1%
Following Israeli withdrawal from designated pilot zones, the Lebanese Armed Forces began deploying in these areas, marking progress in the phased withdrawal plan. However, ongoing tensions and Hezbollah's rejection of the deal limited market optimism for full withdrawal by near-term dates.
Israel withdraws troops from parts of southern Lebanon under US-mediated ceasefire
August 31 dips to 1%2%
Israeli forces withdrew from parts of southern Lebanon as part of the US-mediated ceasefire agreement, marking a partial implementation of the withdrawal plan and slightly increasing market optimism, though full withdrawal remained uncertain.
Israeli troops withdraw from parts of southern Lebanon under US-mediated ceasefire
July 31 dips to 0%1%
Israeli forces began withdrawing from parts of southern Lebanon as Lebanese forces entered agreed-upon pilot zones, marking a partial implementation of the framework agreement. This move was seen as a test of the truce but did not indicate a full withdrawal, leading to only modest market optimism.
Lebanese army deploys to southern pilot zones as Israel withdraws troops
July 31 dips to 0%1%
Lebanese soldiers moved into southern pilot zones vacated by Israeli troops under the ceasefire deal, marking a symbolic step toward restoring Lebanese sovereignty. However, Hezbollah rejected the plan, and Israel described the moves as redeployments, not full withdrawal, maintaining market doubts.
Israel withdraws troops from parts of southern Lebanon under US-mediated ceasefire
July 31 dips to 0%1%
Israeli forces withdrew from parts of southern Lebanon as part of a US-mediated ceasefire agreement, allowing Lebanese army deployment in pilot zones. This partial withdrawal was seen as a test of truce rather than full withdrawal, leading to slight market increases but overall skepticism remained.
Lebanese army begins deployment in pilot zones following Israeli withdrawal
December 31 dips to 9%1%
Lebanese forces started entering agreed pilot zones previously used by the IDF, allowing Israeli forces to withdraw from parts of southern Lebanon, signaling initial implementation of the framework agreement but not full withdrawal.
Lebanese forces enter pilot zones as Israeli withdrawal begins
August 31 dips to 1%2%
Lebanese army units started entering pilot zones previously held by Israeli forces, allowing limited Israeli withdrawal and testing the framework agreement, but full withdrawal remained uncertain, keeping market prices low.
Lebanese army deploys in Zawtar al-Gharbiyeh following Israeli withdrawal
December 31 dips to 12%2%
Following Israeli withdrawal from Zawtar al-Gharbiyeh, the Lebanese army began deployment in the area as part of the pilot zone implementation, demonstrating progress in the phased withdrawal plan but not a full Israeli exit.
Lebanese army deploys to pilot zones as Israeli forces withdraw
The Lebanese army began entering agreed pilot zones previously used by the IDF, allowing Israeli forces to withdraw from parts of southern Lebanon. This marked a significant step in implementing the framework agreement but full withdrawal remained conditional on Hezbollah disarmament.
Lebanese army deploys in southern town after Israeli troop withdrawal
December 31 dips to 8%1%
Following Israeli withdrawal from parts of southern Lebanon under the US-mediated agreement, the Lebanese army deployed in the town of Zawtar al-Gharbiyeh, signaling progress in the phased withdrawal process but not full Israeli exit.
Lebanese army deploys in pilot zones following Israeli withdrawal
July 31 dips to 0%1%
Lebanese army troops began deploying in pilot zones in southern Lebanon after Israeli forces withdrew, marking a significant step in the phased handover of control under the US-brokered framework agreement, though Israeli forces remain in other areas.
Lebanese army deploys in southern town after Israeli withdrawal in pilot zone test
August 31 dips to 0%1%
Lebanese army troops began deploying in Zawtar al-Gharbiyeh following Israeli withdrawal, marking the first test of the pilot zone plan under the US-brokered framework, though security concerns and Israeli fire near troops highlighted ongoing tensions.
Lebanese army deploys to 'pilot zone' after Israeli withdrawal
August 31 dips to 1%2%
Following Israeli troop withdrawals, the Lebanese army began deploying to designated pilot zones in southern Lebanon, a key step in the phased withdrawal plan, but Hezbollah's rejection of the deal limited progress towards full withdrawal.
Lebanese army deploys in pilot zones following Israeli withdrawal
Lebanese forces began entering agreed-upon pilot zones previously used by the IDF, marking the first implementation of the US-brokered framework agreement. Israeli Prime Minister Netanyahu described these moves as redeployments rather than full withdrawals, maintaining skepticism about complete withdrawal.
Israel withdraws troops from Lebanon towns in test of truce
Israeli troops withdrew from parts of southern Lebanon under a US-mediated ceasefire agreement, allowing Lebanese army deployment and marking a significant step in the phased withdrawal process amid ongoing tensions with Hezbollah.
Israel withdraws troops from parts of southern Lebanon in test of truce
December 31 dips to 10%2%
Israeli troops withdrew from some areas in southern Lebanon as part of a US-mediated ceasefire agreement, marking a limited step in phased withdrawal but falling short of full withdrawal, which kept market confidence low.
Lebanese forces enter pilot zones as Israeli troops withdraw
Lebanese military began taking control of pilot zones previously held by Israeli forces, signaling coordinated partial withdrawal but no full Israeli exit, maintaining market skepticism about complete withdrawal by deadlines.
IDF begins withdrawal from Lebanon pilot zones, Lebanese forces take control
August 31 dips to 1%2%
The Israeli Defense Forces started withdrawing from agreed pilot zones in southern Lebanon, allowing Lebanese forces to assume control. This orderly transfer was coordinated with Washington but did not constitute a full Israeli withdrawal, limiting market impact.
Lebanese army deploys to southern towns following Israeli withdrawal
August 31 dips to 2%1%
Lebanese forces entered southern towns such as Srifa as Israeli troops withdrew from parts of southern Lebanon under the US-mediated ceasefire, indicating partial implementation of the withdrawal agreement but not a full exit.
Lebanese army deploys in Zawtar al-Gharbiyeh following Israeli withdrawal
September 30 dips to 4%2%
Lebanese forces began deploying in towns like Zawtar al-Gharbiyeh after Israeli troops withdrew in accordance with the US-mediated agreement. This marked progress in the pilot zone implementation but did not fulfill conditions for full Israeli withdrawal, keeping market probabilities low.
Israel withdraws troops from parts of southern Lebanon in test of truce
September 30 rises to 8%2%
Israeli troops withdrew from parts of southern Lebanon under a US-mediated ceasefire agreement, allowing Lebanese forces to deploy in vacated areas, signaling progress in phased withdrawal but not full exit.
US announces Israeli withdrawal from pilot zones in southern Lebanon has begun
September 30 dips to 4%1%
The US State Department announced that Israel had begun withdrawing from pilot zones in southern Lebanon, with Lebanese army deployment following, signaling initial implementation of the phased withdrawal but limited in scope.
US announces Israeli withdrawal from parts of southern Lebanon pilot zones has begun
December 31 dips to 9%1%
The US State Department announced that Israeli forces had begun withdrawing from designated pilot zones in southern Lebanon, with Lebanese army deployment following, marking partial implementation of the framework agreement but not full withdrawal.
US announces implementation of pilot zones for Israeli withdrawal in southern Lebanon
The US State Department announced that the implementation of pilot zones for Israeli military withdrawal had begun in three Lebanese villages, marking the first concrete step toward partial Israeli withdrawal under the framework agreement.
US announces start of Israeli withdrawal from pilot zones in southern Lebanon
December 31 rises to 16%4%
The US State Department announced that implementation of pilot zones for Israeli military withdrawal from southern Lebanon had begun in three Lebanese villages, marking a tangible step in the framework agreement and briefly supporting market optimism.
US announces Israeli withdrawal from south Lebanon pilot zones has begun
August 31 dips to 4%2%
The US State Department announced that implementation of pilot zones for Israeli military withdrawal from south Lebanon had begun in three Lebanese villages, marking the first concrete step of phased withdrawal under the June framework. This raised cautious market optimism but fell short of full withdrawal.
US announces start of Israeli withdrawal from southern Lebanon pilot zones
August 31 dips to 1%1%
The US State Department announced that Israeli forces began withdrawing from pilot zones in southern Lebanon, allowing Lebanese army deployment as part of the framework agreement, marking the first practical implementation of the deal.
US confirms Israeli withdrawal from south Lebanon pilot zones has begun
August 31 dips to 1%1%
The US State Department announced that Israeli military withdrawal from agreed pilot zones in southern Lebanon had started, with Lebanese forces moving in, marking a tangible step toward withdrawal but limited in scale.
Lebanese army begins deployment in towns following Israeli withdrawal from pilot zones
December 31 drops to 12%12%
Lebanese forces started deploying in towns such as Zawtar al-Gharbiyeh after Israeli troops withdrew as part of the US-mediated pilot zones agreement. This was a symbolic step toward restoring Lebanese sovereignty but did not indicate full Israeli withdrawal.
Israel hands over buffer zone sections to Lebanese government under US deal
August 31 dips to 4%1%
Israel transferred control of parts of the buffer zone in southern Lebanon to the Lebanese government as per the US-mediated agreement, with Lebanese army deployment following. This partial handover was a tangible step but did not signal full withdrawal, limiting market price recovery.
US confirms Israeli withdrawal from south Lebanon pilot zones has begun
July 31 dips to 0%3%
The US State Department confirmed that Israel had started withdrawing from designated pilot zones in southern Lebanon, marking progress on the framework but not a full withdrawal, which kept market prices near zero for July 31 resolution.
Israel hands over sections of buffer zone in southern Lebanon to Lebanese government
December 31 dips to 10%2%
The US announced that Israel handed over parts of the buffer zone in southern Lebanon to the Lebanese government as part of the US-mediated deal, marking a tangible step in partial withdrawal but not a full pullout, which kept market prices low.
Lebanese army deploys to southern town after Israeli withdrawal
July 31 dips to 0%1%
Following Israeli troop withdrawals, the Lebanese army moved into southern towns as part of the pilot program under the ceasefire agreement, but Hezbollah rejected the deal and Israel maintained a security zone, sustaining market skepticism about full withdrawal.
US says Israeli withdrawal from south Lebanon pilot zones has begun
December 31 plunges to 14%23%
The US announced that Israeli forces have started withdrawing from designated pilot zones in southern Lebanon, with the Lebanese Armed Forces moving in. This marked the first concrete implementation of the June framework agreement, but full withdrawal remained uncertain, reflected in low market prices.
Israeli troops begin withdrawal from parts of southern Lebanon under US-mediated ceasefire
July 31 dips to 0%1%
Israeli forces started withdrawing from parts of southern Lebanon as part of a US-mediated ceasefire agreement, allowing Lebanese army deployment in pilot zones. This partial withdrawal was seen as a test of the ceasefire but did not indicate full Israeli withdrawal, leading to modest market reaction.
US announces Israeli withdrawal from south Lebanon pilot zones has begun
The US State Department announced that implementation of the pilot zones for Israeli military withdrawal from south Lebanon had begun in three Lebanese villages, marking the start of partial Israeli troop pullback. This development slightly increased market confidence but did not signal full withdrawal, keeping prices low.
US says Israeli withdrawal from south Lebanon 'pilot zones' has begun
August 31 dips to 1%2%
The US State Department announced that Israel had started withdrawing from designated pilot zones in southern Lebanon, with Lebanese troops deploying to these areas, signaling progress in the phased withdrawal under the US-mediated agreement.
Lebanese army deploys to pilot zones following Israeli withdrawal
December 31 dips to 12%1%
Following Israeli withdrawal from designated pilot zones, the Lebanese army began deploying to these areas, enabling residents to return and marking a key step in the framework agreement's implementation, though broader withdrawal remained uncertain.
Lebanese President Aoun and US Secretary Rubio agree on need for full Israeli withdrawal
December 31 rises to 16%4%
During talks in Washington, Lebanese President Joseph Aoun and US Secretary of State Marco Rubio agreed on the importance of full Israeli withdrawal from southern Lebanon and implementation of the US-brokered framework agreement, boosting hopes for progress but without immediate withdrawal.
Hezbollah rejects Israel-Lebanon withdrawal agreement, calls negotiators criminals
December 31 dips to 12%2%
Hezbollah condemned the US-mediated agreement and called on the Lebanese government to retract the negotiations, maintaining opposition to Israeli presence and complicating prospects for full withdrawal, which pressured market prices downward.
Lebanese President Aoun and US Secretary Rubio agree on need for full Israeli withdrawal
September 30 rises to 6%1%
During talks in Washington, Lebanese President Aoun and US Secretary of State Rubio agreed on the importance of full Israeli withdrawal from southern Lebanon and urged implementation of the US-brokered framework agreement, supporting the phased withdrawal process.
Israel reaffirms troops will remain in Lebanon security zones despite US pressure
December 31 dips to 12%2%
Israeli Defense Minister Israel Katz stated that Israeli forces would remain in security zones inside Lebanon, rejecting US calls for withdrawal and signaling continued military presence, which further reduced market expectations for withdrawal by near-term dates.
Israeli Defense Minister reaffirms troops will remain indefinitely in Lebanon security zones
August 31 dips to 3%3%
Defense Minister Israel Katz stated Israeli forces would stay indefinitely in southern Lebanon's security zones, rejecting withdrawal despite US pressure, causing market confidence in withdrawal by August 31 to plummet.
Israel reaffirms troops will remain in Lebanon security zones indefinitely
September 30 dips to 7%2%
Israeli Defense Minister Israel Katz stated that Israeli forces would remain in security zones inside Lebanon indefinitely, rejecting calls for withdrawal and emphasizing the necessity of maintaining border security. This hardened stance further reduced market expectations for withdrawal by the end of 2026.
Israel and Lebanon agree on pilot zones for Israeli withdrawal in Rome talks
December 31 dips to 14%2%
In the sixth round of US-mediated talks in Rome, Israel and Lebanon agreed on the structure and guidelines for the pilot zone withdrawal process, moving closer to launching two designated zones where the Lebanese army would assume security control as Israeli forces withdraw.
Lebanon and Israel complete new round of Washington-mediated talks agreeing to implement pilot zones
Lebanon and Israel concluded a new round of US-mediated negotiations agreeing to implement the pilot zones established under the June framework deal, signaling progress on phased withdrawal but with conditions still unresolved, maintaining market uncertainty.
Israel agrees to begin withdrawal from two Lebanon pilot zones
December 31 dips to 12%2%
Israeli envoy Yechiel Leiter announced that Israeli forces would begin withdrawing from pilot zones in southern Lebanon in the coming days, with the Lebanese army deploying to vacated areas. This partial withdrawal was seen as a test of the framework agreement but did not indicate full withdrawal, limiting market optimism.
Lebanon and Israel move toward implementing withdrawal agreement: U.S. officials
September 30 dips to 7%2%
After U.S.-brokered talks in Rome, Lebanon and Israel took steps toward implementing 'pilot zones' in southern Lebanon where Israeli forces would withdraw and Lebanese army would take control. However, Hezbollah opposed the agreement and Israeli officials planned extended occupation, limiting market optimism.
US announces steps toward implementing Israeli withdrawal pilot zones in Lebanon
September 30 dips to 6%4%
After US-mediated talks in Rome, Lebanon and Israel took steps toward implementing pilot zones where Israeli forces would withdraw and Lebanese army would assume control. This progress was seen as a positive but partial step, maintaining low market probabilities for full withdrawal by the end of August or September.
US and Lebanon take steps to implement Israeli withdrawal pilot zones after talks in Rome
December 31 dips to 10%2%
Following US-mediated talks in Rome, Lebanon and Israel agreed on guidelines for pilot zones where Israeli forces would withdraw and Lebanese army would take control, but no timetable was set, maintaining market uncertainty about full withdrawal.
Lebanon and Israel advance implementation of withdrawal pilot zones in US-mediated talks
September 30 dips to 2%4%
Following US-mediated talks in Rome, Lebanon and Israel took steps toward implementing pilot zones in southern Lebanon where Israeli forces would withdraw and the Lebanese army would assume control. This progress was seen as a positive step but did not significantly increase market confidence in a full withdrawal by August or September.
Lebanon and Israel conclude US-mediated talks on pilot zone withdrawal implementation
September 30 dips to 5%1%
On July 15, Lebanon and Israel ended a round of US-brokered talks focusing on implementing the pilot zones for Israeli withdrawal. While progress was reported, no full withdrawal was announced, maintaining market skepticism and low prices.
Israel and Lebanon agree to begin withdrawal from pilot zones in southern Lebanon
December 31 drops to 17%5%
A U.S. official confirmed that Israeli forces would start withdrawing from pilot zones with Lebanese army deployment, marking progress but still short of full withdrawal, causing modest market price declines.
Israel signals extended occupation of southern Lebanon despite withdrawal talks
December 31 drops to 12%10%
Israeli officials publicly stated that their forces would remain in a security zone in southern Lebanon as long as Hezbollah remains armed, rejecting a full withdrawal. This stance, coupled with Hezbollah's rejection of the framework, kept market prices for full withdrawal near zero by late July and beyond.
Lebanese President demands immediate Israeli withdrawal from pilot zones before further talks
July 31 drops to 0%5%
Ahead of the Rome talks, Lebanese President Joseph Aoun instructed the Lebanese delegation to demand immediate Israeli withdrawal from the pilot zones before continuing discussions. This stance highlighted ongoing tensions and delays in implementation, contributing to the market's low confidence in a full withdrawal by the end of July or later dates.
Israel agrees to withdraw military from two Lebanon pilot zones, U.S. official says
December 31 rises to 13%1%
Israel and Lebanon agreed that Israeli forces would begin withdrawing from two pilot zones in southern Lebanon, with the Lebanese army deploying to vacated areas, marking the first concrete step toward implementing the US-brokered framework.
Lebanon and Israel begin implementing withdrawal agreement with pilot zones
August 31 dips to 1%1%
Following US-mediated talks in Rome, Israeli forces started withdrawing from designated pilot zones in southern Lebanon, with the Lebanese army moving in. However, the limited scope and slow progress kept market confidence low regarding full withdrawal by August or September.
US State Department reports Israel agreed to withdraw from pilot zones in southern Lebanon
August 31 rises to 4%1%
The US State Department announced that Israel had agreed to begin withdrawing from designated pilot zones in southern Lebanon, marking the first concrete step in implementing the June framework agreement. This partial withdrawal increased market confidence slightly but did not indicate full withdrawal.
Lebanon and Israel agree on pilot-zone withdrawal structure in Rome talks
December 31 dips to 11%1%
Lebanese and Israeli delegations reached agreement on guidelines for withdrawing Israeli forces from two pilot zones, advancing the phased withdrawal process but with no timetable for full withdrawal, maintaining market uncertainty.
Lebanon and Israel take steps to implement withdrawal pilot zones after US talks in Rome
Following US-mediated talks in Rome, Lebanon and Israel agreed on implementing pilot zones for Israeli withdrawal, with Lebanese forces assuming control. However, the process was gradual and conditional, maintaining market uncertainty about full withdrawal.
US official confirms Israel to begin withdrawal from Lebanon pilot zones in coming days
July 31 drops to 0%5%
A US State Department official announced that Israel and Lebanon agreed that Israeli forces would start withdrawing from pilot zones in southern Lebanon soon, with the Lebanese army deploying to vacated areas. This was the first concrete step toward implementing the framework but did not indicate a full withdrawal, keeping market prices near zero for July 31 and very low for later dates.
Israel agrees to withdraw IDF from two Lebanon pilot zones, Lebanese army to deploy
September 30 dips to 6%2%
Israeli envoy Yechiel Leiter announced that Israeli forces would begin withdrawing from two pilot zones in southern Lebanon in the coming days, with the Lebanese army deploying to the vacated areas, marking the start of phased withdrawal under the framework agreement.
Israel agrees to withdraw troops from two Lebanon pilot zones, U.S. official says
A U.S. State Department official announced that Israel and Lebanon agreed to begin withdrawing Israeli forces from two pilot zones in southern Lebanon, with the Lebanese army deploying to these areas, signaling progress but not full withdrawal, which kept market prices low.
Israeli envoy states withdrawal depends on Hezbollah disarmament
December 31 dips to 12%1%
Israeli envoy Yechiel Leiter emphasized that the withdrawal from Lebanon pilot zones depends on Hezbollah being removed and Lebanese forces taking control, signaling conditional and incomplete withdrawal, which suppressed market optimism for full withdrawal by year-end.
US and Lebanese officials advance implementation talks for Israeli withdrawal pilot zones
December 31 dips to 12%2%
Following US-mediated talks in Rome, Lebanon and Israel took steps toward implementing pilot zones where Israeli forces would withdraw and Lebanese army would take control, but no timetable for full withdrawal was set, maintaining market uncertainty.
Israel agrees to withdraw IDF from two Lebanon pilot zones, US official says
December 31 dips to 11%1%
On July 15, 2026, a US State Department official confirmed that Israel and Lebanon agreed that Israeli forces would begin withdrawing from pilot zones in southern Lebanon, with the Lebanese army deploying to vacated areas, marking the first concrete step toward ending Israel's military presence.
Lebanon and Israel agree on withdrawal structure for pilot zones in Rome talks
September 30 dips to 5%2%
On July 15, Lebanon and Israel concluded talks in Rome agreeing on the structure and guidelines for Israeli withdrawal from two pilot zones, advancing the implementation phase of the framework deal and supporting modest market confidence.
Israeli envoy confirms withdrawal from Lebanon pilot zones contingent on Hezbollah removal
September 30 dips to 2%4%
Israeli envoy Yechiel Leiter stated that IDF withdrawal from pilot zones depends on Hezbollah's removal and Lebanese forces' ability to take control, underscoring conditions that delay full withdrawal and keep market expectations low.
Israel and Lebanon agree on implementation plan for withdrawal from pilot zones
September 30 dips to 6%1%
Following US-mediated talks in Rome, Israel and Lebanon agreed on the structure and guidelines for implementing the withdrawal from pilot zones in southern Lebanon, a key step toward phased Israeli withdrawal under the June 26 framework.
Lebanon and Israel conclude US-mediated talks in Rome, agree on pilot zone withdrawal structure
December 31 rises to 14%2%
Lebanon and Israel agreed on the structure and guidelines for withdrawing Israeli forces from two pilot zones in southern Lebanon, moving closer to implementing the framework agreement but full withdrawal remained conditional on Hezbollah disarmament.
Israel agrees to withdraw troops from two Lebanon pilot zones, US official says
December 31 dips to 11%1%
Israeli envoy Yechiel Leiter announced that Israeli forces would begin withdrawing from pilot zones in southern Lebanon in the coming days, with the Lebanese army deploying to vacated areas. This partial withdrawal was seen as a limited step, insufficient for full market confidence in a complete withdrawal.
Israel and Lebanon agree Israeli forces to begin withdrawing from pilot zones
December 31 dips to 9%1%
A US State Department official announced Israeli forces would start withdrawing from pilot zones in southern Lebanon with Lebanese army deploying to vacated areas, marking the first concrete step toward implementing the US-brokered framework.
Lebanon and Israel conclude sixth round of US-brokered talks on pilot zone withdrawal
December 31 dips to 12%1%
Lebanese and Israeli officials ended productive US-mediated talks focusing on establishing pilot zones in southern Lebanon for Israeli withdrawal. The agreement's implementation phase was set to begin soon, but no timetable for full withdrawal was established, maintaining cautious market sentiment.
Lebanon and Israel conclude productive US-brokered talks in Rome on withdrawal implementation
Lebanese and Israeli delegations agreed on the structure and guidelines for withdrawing Israeli forces from two pilot zones, advancing implementation but with ongoing challenges, maintaining market uncertainty.
US official announces imminent Israeli withdrawal from pilot zones in southern Lebanon
December 31 rises to 15%3%
A US official stated that Israeli forces would begin withdrawing from pilot zones in southern Lebanon soon, with Lebanese army deployment to replace them, signaling initial implementation of the June agreement and briefly supporting withdrawal prospects.
Lebanese army begins deployment in southern Lebanon pilot zones after Israeli withdrawal
December 31 dips to 22%1%
Lebanese Armed Forces started deploying in southern Lebanese towns such as Zawtar Al Gharbiya following Israeli withdrawal, marking the first implementation step of the framework agreement and slightly supporting market optimism for withdrawal by December 31.
US official says Israel to begin withdrawal from Lebanon pilot zones soon
December 31 dips to 13%4%
A US official announced that Israel agreed to begin withdrawing troops from two pilot zones in southern Lebanon in the coming days, signaling progress but no full withdrawal announcement, causing a slight market uptick followed by decline.
Lebanon and Israel end sixth round of US-brokered talks on pilot zone withdrawals
September 30 dips to 5%2%
Lebanese and Israeli officials concluded another round of US-mediated talks focusing on establishing pilot zones for Israeli withdrawal. Progress was made but the withdrawal remained partial and contingent on Hezbollah disarmament, limiting market confidence.
Netanyahu reaffirms Israeli military presence in southern Lebanon until Hezbollah disarms
Prime Minister Netanyahu visited troops in southern Lebanon and reaffirmed that Israeli forces will remain in the security zone for as long as Hezbollah remains a threat, effectively ruling out a full withdrawal by the market's resolution dates. This solidified market expectations of a 'No' outcome for withdrawal by the specified deadlines.
Lebanon and Israel conclude Rome talks, agree on pilot zone withdrawal structure
September 30 drops to 2%5%
Lebanon and Israel made progress in Rome on implementing the framework agreement, agreeing on the structure and guidelines for pilot zones where Israeli forces would withdraw and Lebanese army would deploy, moving closer to phased withdrawal despite ongoing tensions.
US announces Israel agreed to withdraw from pilot zones in southern Lebanon
September 30 dips to 6%1%
The US State Department reported that Israel agreed to withdraw from designated pilot zones in southern Lebanon as part of the framework agreement, signaling initial implementation steps but not full withdrawal, keeping market prices low.
Netanyahu reiterates Israeli forces will remain in Lebanon until Hezbollah disarmed
December 31 dips to 11%1%
Prime Minister Netanyahu reaffirmed that Israeli troops would stay in southern Lebanon 'for as long as necessary' to counter Hezbollah, effectively ruling out full withdrawal without Hezbollah disarmament. This stance contributed to the market's collapse in probability for all withdrawal dates.
US State Department reports Israel agrees to withdraw from pilot zones in southern Lebanon
December 31 dips to 13%4%
The US State Department announced that Israel agreed to withdraw from designated pilot zones in southern Lebanon, marking the beginning of partial troop withdrawals and slightly improving market sentiment for later withdrawal dates.
Israel agrees to withdraw from two Lebanon pilot zones, U.S. official says
December 31 rises to 16%4%
A U.S. State Department official announced that Israel and Lebanon agreed that Israeli forces would begin withdrawing from pilot zones in southern Lebanon in the coming days, with the Lebanese army deploying to vacated areas, marking the first concrete step toward withdrawal.
Lebanon and Israel conclude productive US-brokered talks in Rome on pilot-zone withdrawal structure
December 31 dips to 10%2%
Lebanese and Israeli delegations agreed on guidelines for withdrawing Israeli forces from two pilot zones in southern Lebanon, moving the framework agreement into a technical phase. However, Hezbollah's rejection and ongoing Israeli strikes limited market optimism for full withdrawal by year-end.
Lebanon and Israel take steps toward implementing withdrawal pilot zones in southern Lebanon
December 31 dips to 10%2%
Following US-mediated talks in Rome, Lebanon and Israel advanced plans to implement pilot zones where Israeli forces would withdraw and Lebanese army would assume control. However, Hezbollah opposition and administrative challenges delayed full implementation, maintaining market doubts about full withdrawal by near dates.
Israeli Chief of Staff rules out Hezbollah disarmament, impacting withdrawal odds
August 31 dips to 1%3%
The Israeli Chief of Staff stated there was no goal for disarmament or ceasefire on the northern front, implying continued military presence in Lebanon and reducing market expectations for withdrawal by June 30, 2026.
Israel agrees to withdraw military from two Lebanon pilot zones, U.S. official says
Israel agreed to begin withdrawing from pilot zones in southern Lebanon, with the Lebanese army deploying to vacated areas, marking a partial implementation of the US-mediated framework but contingent on Hezbollah's removal.
Israel agrees to begin withdrawing from two Lebanon pilot zones, U.S. official says
December 31 drops to 13%5%
Israel and Lebanon agreed under a U.S.-brokered framework that Israeli forces would start withdrawing from pilot zones in southern Lebanon, with the Lebanese army deploying to these areas. This marked the first concrete step toward ending Israel's military presence, raising market optimism for partial withdrawal.
Reports of imminent Israeli troop withdrawal from southern pilot zones
Lebanese sources reported preparations for Israeli withdrawal from pilot zones in southern Lebanon could begin within hours as a goodwill gesture, briefly raising market hopes for partial withdrawal progress.
US officials confirm steps toward implementing Israeli withdrawal from pilot zones
December 31 dips to 12%1%
Following the Rome talks, US officials confirmed progress toward implementing the withdrawal agreement, with Israeli forces set to pull back from pilot zones and Lebanese forces to take control, but no full withdrawal announcement was made, keeping market prices near lows.
Israel agrees to begin withdrawal from two Lebanon pilot zones, Lebanese army to deploy
Israeli envoy Yechiel Leiter announced that Israeli forces would start withdrawing from pilot zones in southern Lebanon, with the Lebanese army deploying to vacated areas. This partial withdrawal was a test of the framework agreement but did not indicate full withdrawal, keeping market prices low.
Israel and Lebanon agree to begin withdrawal from pilot zones after US-mediated talks in Rome
Following two days of US-mediated talks in Rome, Israel and Lebanon agreed on the structure and guidelines for implementing the withdrawal from pilot zones, with the Lebanese army deploying to vacated areas. This was a concrete step but did not indicate full withdrawal, leading to modest market optimism.
Israel agrees to withdraw from two pilot zones in southern Lebanon
August 31 dips to 1%2%
Israeli forces agreed to begin withdrawing from two pilot zones in southern Lebanon, with the Lebanese army deploying to vacated areas. However, the withdrawal was conditional on Hezbollah disarmament and Lebanese army control, and no full withdrawal was announced, limiting market confidence.
Lebanese sources report Israeli troop withdrawal from southern pilot zones could begin within hours
Lebanese sources on July 15 reported major progress in ceasefire negotiations in Rome, claiming Israeli troop withdrawal from southern pilot zones could begin within hours as a goodwill gesture. Israel denied the report, and no official announcement followed, contributing to market uncertainty and low prices.
US and Lebanese delegations meet to discuss Israeli withdrawal from pilot zones
August 31 dips to 4%2%
Military delegations from the US and Lebanon met in Beirut to work out implementation mechanisms for the first phase of the US-brokered framework agreement. The talks focused on establishing pilot zones for Israeli withdrawal, but Hezbollah rejected the agreement, and Israeli officials maintained forces would remain as long as Hezbollah was armed.
US official confirms Israel to begin withdrawing from pilot zones in southern Lebanon
December 31 dips to 11%1%
A US State Department official announced that Israel would start withdrawing from pilot zones in southern Lebanon in the coming days, with the Lebanese army deploying to these areas. This marked the first concrete step toward implementing the phased withdrawal, slightly raising hopes but not reversing market declines.
Israel and Lebanon agree to launch pilot zones for Israeli withdrawal in southern Lebanon
August 31 drops to 3%6%
In Rome talks, Israel and Lebanon agreed on the structure and guidelines for pilot zones where Israeli forces would withdraw and Lebanese Armed Forces would take control, advancing the US-brokered framework. However, the withdrawal remained conditional on Hezbollah disarmament, which Hezbollah rejected.
Israel agrees to withdraw from two Lebanon pilot zones, US official says
September 30 dips to 6%1%
Israeli forces agreed to begin withdrawing from two pilot zones in southern Lebanon, with the Lebanese army deploying to vacated areas. This partial withdrawal was a test of the framework agreement but did not signal a full withdrawal, keeping market expectations low.
US reports Israeli withdrawal from pilot zones underway
December 31 dips to 13%2%
The US State Department announced that implementation of pilot zones for Israeli military withdrawal from southern Lebanon had begun in three Lebanese villages, marking progress in the phased withdrawal plan but with continued Israeli presence elsewhere.
Lebanese sources report imminent Israeli troop withdrawal from southern pilot zones
August 31 dips to 2%2%
Reports emerged that Israeli troop withdrawal from designated pilot zones in southern Lebanon could begin within hours as part of a ceasefire agreement, raising short-term hopes for progress despite Israeli denials of a full withdrawal plan.
US announces steps toward implementing pilot zones for Israeli withdrawal
December 31 dips to 12%1%
Following US-mediated talks in Rome, Lebanon and Israel took steps to implement pilot zones in southern Lebanon where Israeli forces would withdraw and Lebanese army would assume control, indicating progress but no full withdrawal yet.
Israel to remain in southern Lebanon security zone despite partial withdrawal deal
December 31 dips to 10%3%
Prime Minister Netanyahu stated Israel would maintain its security zone in southern Lebanon as long as Hezbollah remained armed, despite the partial withdrawal agreement. This statement dampened market expectations for full withdrawal by year-end.
Israeli envoy confirms IDF to begin withdrawal from Lebanon pilot zones soon
August 31 dips to 2%1%
Israeli envoy Yechiel Leiter stated that Israeli forces would start withdrawing from pilot zones in southern Lebanon in the coming days, contingent on Hezbollah's removal and Lebanese army control. This statement did not indicate full withdrawal, keeping market probabilities near historic lows.
Lebanon and Israel move toward implementing withdrawal agreement with pilot zones
August 31 dips to 4%1%
On July 15, US officials reported progress toward implementing pilot zones where Israeli forces would withdraw and Lebanese army would take control, though Hezbollah rejected the deal, limiting full withdrawal prospects.
US official reports Israel agreed to withdraw from pilot zones in southern Lebanon
The US State Department announced Israel's agreement to withdraw from pilot zones, reinforcing the phased withdrawal plan and supporting market expectations of partial Israeli pullback.
Lebanon and Israel agree in Rome to launch pilot zones for Israeli withdrawal
December 31 dips to 10%2%
In Rome talks, Lebanon and Israel agreed on the structure and guidelines for pilot zones in southern Lebanon, moving closer to implementing phased Israeli withdrawal and Lebanese army deployment. The talks focused on practical steps but no full withdrawal timetable was set, sustaining market uncertainty.
U.S. official says Israel agrees to withdraw troops from Lebanon pilot zones in coming days
On July 15, a U.S. official announced that Israel and Lebanon agreed that Israeli forces would begin withdrawing from pilot zones in southern Lebanon in the coming days, with the Lebanese army deploying to vacated areas. Despite this, no official Israeli announcement of full withdrawal was made, keeping market prices low.
Reports of imminent Israeli troop withdrawal from southern pilot zones in Lebanon
July 31 rises to 3%1%
Lebanese sources reported major progress in ceasefire talks with Israeli troop withdrawal from southern pilot zones expected imminently. This raised short-term hopes for withdrawal, causing minor market upticks, though full withdrawal remained uncertain.
US State Department announces Israel agreed to withdraw from pilot zones in southern Lebanon
December 31 dips to 16%1%
The US State Department reported that Israel agreed to begin withdrawing from designated pilot zones in southern Lebanon, signaling initial implementation of the framework agreement and causing a slight market uptick in withdrawal probability.
Israel agrees to withdraw IDF from two Lebanon pilot zones, U.S. official says
August 31 dips to 1%2%
Israeli forces agreed to begin withdrawing from pilot zones in southern Lebanon in the coming days, with the Lebanese army deploying to the vacated areas, confirming partial implementation of the framework agreement.
Lebanon and Israel move toward implementing withdrawal agreement with pilot zones
December 31 dips to 10%2%
After US-mediated talks in Rome, Lebanon and Israel agreed on the structure and guidelines for pilot zones in southern Lebanon where Israeli forces would withdraw and Lebanese army would take control, marking progress in implementing the June 26 framework but with no clear timeline for full withdrawal.
US announces Israel agreed to withdraw from pilot zones in southern Lebanon
August 31 dips to 5%3%
The US State Department reported that Israel agreed to withdraw from designated pilot zones in southern Lebanon, marking the first implementation step of the June framework agreement. This partial withdrawal raised limited market optimism but was insufficient for a full withdrawal expectation.
US reports Israel agreed to withdraw from pilot zones in southern Lebanon
September 30 dips to 4%2%
The US State Department announced Israel's agreement to withdraw from pilot zones in southern Lebanon, marking initial implementation of the phased withdrawal plan. This partial progress was insufficient to raise market confidence significantly.
Lebanon and Israel end sixth round of US-brokered talks on pilot zone withdrawal
Lebanese and Israeli officials concluded a US-mediated round of talks agreeing on the structure and guidelines for Israeli withdrawal from pilot zones in southern Lebanon, marking a concrete step toward implementation and slightly improving market sentiment.
Lebanese sources report Israeli withdrawal from pilot zones could begin within hours
Reports from Lebanese officials indicated preparations for Israeli troop withdrawal from southern pilot zones could start imminently, but Israel denied the report, reflecting ongoing ambiguity and no confirmed full withdrawal announcement.
Israel and Lebanon agree to begin withdrawal from pilot zones in southern Lebanon
July 31 dips to 5%3%
Following US-mediated talks in Rome, Israel and Lebanon agreed to start withdrawing Israeli forces from pilot zones, with Lebanese army deployment planned. This was a concrete step but still far from full withdrawal, maintaining market skepticism.
Lebanese and Israeli delegations hold US-mediated talks in Rome on withdrawal implementation
December 31 dips to 17%4%
Lebanese and Israeli officials met in Rome to discuss implementing the framework agreement, focusing on pilot zones and Lebanese demands for immediate Israeli withdrawal, but no withdrawal announcement was made, maintaining low market prices.
Lebanon and Israel take steps toward implementing withdrawal pilot zones after US-mediated talks
December 31 rises to 14%2%
Following US-mediated talks in Rome, Lebanon and Israel advanced plans to implement pilot zones in southern Lebanon where Israeli forces would withdraw and Lebanese army would take control. However, disagreements on zone locations and Hezbollah opposition slowed progress, keeping market confidence low for near-term full withdrawal.
Lebanon and Israel hold talks in Rome on implementing framework deal
December 31 dips to 11%1%
Lebanese and Israeli delegations met in Rome to discuss implementation of the June framework agreement, focusing on Israeli withdrawal and Lebanese army deployment. Continued Israeli military presence and demands for immediate withdrawal highlighted ongoing challenges, maintaining market uncertainty.
Lebanon and Israel hold US-mediated talks on implementing withdrawal pilot zones
September 30 dips to 5%2%
Lebanese and Israeli officials met in Rome for US-brokered talks to finalize and implement the pilot zone withdrawal plan. The talks were described as productive, but no full withdrawal announcement was made, maintaining market skepticism and low prices.
Lebanon and Israel conclude U.S.-brokered talks in Rome on pilot zone withdrawal structure
July 31 drops to 1%7%
Lebanon and Israel concluded two days of U.S.-brokered talks in Rome on July 14, agreeing on the structure and guidelines for withdrawing Israeli forces from two pilot zones. However, Israeli defense officials stated troops would remain indefinitely in broader security zones, dampening market expectations for full withdrawal.
Lebanon and Israel conclude US-brokered talks agreeing on pilot zone withdrawal structure
July 31 dips to 5%4%
After two days of talks in Rome, Lebanon and Israel agreed on the structure and guidelines for withdrawing Israeli forces from two pilot zones in southern Lebanon, moving the process toward implementation. However, the withdrawal remained limited and conditional, keeping market prices low for full withdrawal by the end of July and later dates.
Lebanon and Israel conclude U.S.-brokered talks on pilot zone withdrawals in Rome
September 30 dips to 5%4%
After two days of U.S.-mediated talks, Lebanon and Israel agreed on the structure for withdrawing Israeli forces from two pilot zones in southern Lebanon, marking progress toward partial withdrawal.
Israel signals readiness to advance withdrawal from Lebanon pilot zones as Rome talks begin
July 31 dips to 1%2%
Israeli Foreign Minister Gideon Sa'ar stated Israel's preparedness to move forward with withdrawing from two pilot areas in southern Lebanon during US-mediated talks in Rome. This indicated diplomatic progress but no full withdrawal announcement, keeping market prices low.
Lebanon and Israel take steps toward implementing withdrawal pilot zones after US-mediated talks in Rome
September 30 dips to 5%2%
Following two days of US-mediated talks, Lebanon and Israel agreed on the structure and guidelines for the pilot zone process, moving toward implementation. However, no immediate withdrawal announcement was made, and market prices remained low.
Lebanon and Israel end sixth round of US-brokered talks with progress on pilot zone withdrawal
December 31 drops to 12%8%
The sixth round of US-mediated talks ended with progress on a plan for Israel to withdraw from pilot zones in southern Lebanon, though full withdrawal remained uncertain. This development was seen as positive but insufficient for a full withdrawal, contributing to low market prices.
US President Trump urges Netanyahu to withdraw troops from Lebanon and Syria
During a phone call, US President Donald Trump urged Israeli Prime Minister Netanyahu to redeploy troops from southern Lebanon and Syria to reduce tensions. Netanyahu resisted, citing security needs. This highlighted US pressure but also Israeli reluctance, maintaining market uncertainty about withdrawal timing.
Lebanon and Israel hold ambassadors-level talks in Rome on withdrawal implementation
August 31 dips to 3%1%
On July 14, Lebanon and Israel held high-level talks in Rome to advance the implementation of the June 26 framework agreement, focusing on Israeli withdrawal from pilot zones and Lebanese army deployment, but no timetable for full withdrawal was set, keeping market confidence low.
Lebanon and Israel hold talks in Rome on implementing framework agreement
Lebanese and Israeli delegations met in Rome to discuss the implementation of the June 26 framework agreement, focusing on pilot zones and verification mechanisms. The talks highlighted ongoing challenges, including Israeli military activity and Lebanese demands for further withdrawals, maintaining low market confidence for full withdrawal.
Lebanon and Israel conclude US-mediated talks on pilot zone withdrawal implementation
After two days of US-mediated talks in Rome, Lebanon and Israel agreed on guidelines for implementing pilot zones where Israeli forces would withdraw and Lebanese army would take control, but key details and timelines remained unresolved, sustaining market doubts about full withdrawal by deadlines.
Lebanon and Israel resume talks in Rome on troop withdrawal and Hezbollah disarmament
December 31 rises to 13%1%
Lebanese and Israeli officials resumed US-mediated talks in Rome to establish a practical sequence for ending the conflict, withdrawing Israeli forces from the south, and expanding Lebanese army control. The talks focused on pilot zones and conditions for withdrawal, but no full withdrawal was announced, keeping market prices low.
Sixth round of Israel-Lebanon talks begins in Rome focusing on IDF pullout pilot zones
December 31 dips to 12%1%
Lebanon and Israel resumed talks in Rome aiming to secure Israeli withdrawal from pilot zones in southern Lebanon, though expectations for swift progress were low due to disagreements on implementation metrics and ongoing security concerns.
Lebanon and Israel hold US-mediated talks in Rome to implement withdrawal agreement
December 31 dips to 20%2%
Lebanon demanded Israel withdraw from two pilot zones before further talks, while Israel agreed to begin withdrawing troops from these zones, marking the first concrete step toward implementing the framework and causing slight market stabilization.
US and Lebanese delegations meet to discuss implementation of Israeli withdrawal
July 31 dips to 1%2%
Military delegations from the US and Lebanon met in Beirut to work out mechanisms for the first phase of Israeli withdrawal from pilot zones, but no timetable was set, reflecting ongoing uncertainty and limiting market confidence.
US and Lebanese military delegations meet to implement Israeli withdrawal pilot zones
December 31 dips to 12%2%
US and Lebanese military officials met in Beirut to discuss implementing the first phase of the US-brokered framework agreement, focusing on establishing pilot zones for Israeli withdrawal. This indicated progress but no timetable was set, reflecting cautious optimism.
US and Lebanese delegations meet to implement Israeli withdrawal pilot zones
December 31 dips to 18%4%
Following the June framework agreement, US and Lebanese officials met in Beirut to discuss mechanisms for implementing the first phase of Israeli withdrawal from designated pilot zones. The talks focused on gradual withdrawal but no timetable was set, maintaining uncertainty about full withdrawal.
US military delegation meets Lebanese army to discuss Israeli withdrawal from pilot zones
August 31 dips to 7%2%
A US military delegation met with Lebanon’s army to discuss mechanisms for implementing Israeli withdrawal from designated pilot zones in southern Lebanon, signaling progress in the phased withdrawal plan but with no set timetable, maintaining market uncertainty.
US and Lebanese delegations meet in Beirut to discuss implementation of Israeli withdrawal pilot zones
September 30 drops to 9%5%
Military delegations from the US and Lebanon met to establish mechanisms for implementing the first phase of Israeli withdrawal from designated pilot zones in southern Lebanon, indicating progress but no full withdrawal timetable, keeping market expectations low.
US military delegation meets Lebanese army to discuss Israeli withdrawal pilot zones
December 31 dips to 12%1%
A US military delegation met with the Lebanese army to discuss mechanisms for implementing Israeli withdrawal from pilot zones in southern Lebanon, marking progress in the phased withdrawal plan but with no set timetable for full withdrawal.
US to oversee phased Israeli withdrawal from southern Lebanon pilot zones
US and Lebanese officials confirmed that Washington would supervise the gradual Israeli military pullback from designated pilot zones in southern Lebanon under the June 26 framework agreement. This marked the beginning of a phased withdrawal but fell short of a full withdrawal announcement, keeping market prices low.
US and Lebanese delegations meet to discuss implementation of Israeli withdrawal pilot zones
August 31 dips to 2%1%
Military delegations from the US and Lebanon met in Beirut to establish mechanisms for implementing the first phase of Israeli withdrawal from designated pilot zones. The talks highlighted the complexity and conditional nature of the withdrawal process, maintaining low market confidence for full withdrawal by near-term dates.
US delegation meets Lebanese army to discuss implementation of Israeli withdrawal
September 30 dips to 5%2%
A US military delegation met with Lebanon's army to discuss implementing Israel's withdrawal from one of the pilot zones. The agreement lacked a timetable for full withdrawal, and Israeli officials maintained forces would remain in a security zone as long as Hezbollah remained armed, limiting market optimism.
US military delegation discusses implementation of Israeli withdrawal pilot zones with Lebanese army
September 30 rises to 7%1%
A US military delegation met with Lebanon's army to discuss mechanisms for implementing Israel's withdrawal from pilot zones, signaling ongoing diplomatic efforts but no full withdrawal yet, keeping market sentiment low.
US and Lebanese military delegations meet to discuss implementation of Israeli withdrawal pilot zones
August 31 dips to 5%1%
US and Lebanese military officials met in Beirut to work out mechanisms for implementing the first phase of the US-brokered framework agreement, focusing on establishing pilot zones for Israeli withdrawal, signaling progress but no full withdrawal announcement.
U.S. and Lebanese delegations meet to discuss implementation of Israeli withdrawal pilot zones
August 31 dips to 5%3%
On July 11, 2026, U.S. and Lebanese military delegations met in Beirut to work out mechanisms for implementing the first phase of the U.S.-brokered framework agreement. Discussions focused on establishing pilot zones for Israeli withdrawal, but no withdrawal announcement was made, maintaining market skepticism.
US and Lebanese delegations meet to discuss implementation of Israeli withdrawal pilot zones
Military delegations from the US and Lebanon met in Beirut to work out mechanisms for implementing the first phase of the US-brokered framework agreement, indicating ongoing diplomatic efforts but no immediate full withdrawal, maintaining low market confidence.
Israeli Defense Minister Katz publicly states no withdrawal without Hezbollah disarmament
December 31 drops to 12%6%
Defense Minister Israel Katz declared that Israeli forces would remain in southern Lebanon until Hezbollah is disarmed, signaling no imminent full withdrawal and causing market prices for withdrawal to decline sharply.
US official confirms Israel will return first pilot zone in southern Lebanon to Beirut
August 31 dips to 8%1%
A US official announced that Israel would return the first pilot zone in southern Lebanon to Lebanese control within days, providing a concrete timetable for partial withdrawal under the June framework agreement. This raised market hopes for progress.
US official indicates IDF troops to withdraw from Lebanon pilot zones soon
July 31 dips to 0%1%
A US official announced that Israeli Defense Forces would begin withdrawing from pilot zones in southern Lebanon, signaling initial implementation of the framework agreement and causing slight market optimism for partial withdrawal by July 31.
US official confirms Israeli troop withdrawal from Lebanon pilot zones to begin soon
August 31 drops to 3%5%
US and Lebanese officials announced that Washington would supervise the gradual Israeli military pullback from designated pilot zones in southern Lebanon, marking the start of phased withdrawal under the June 26 framework agreement.
US to oversee Israeli withdrawal from pilot zones and lead new talks
December 31 drops to 12%5%
The US announced it would guide the gradual withdrawal of Israeli forces from designated pilot zones in southern Lebanon and lead further negotiations, but no timetable for full withdrawal was set, maintaining market pessimism about a complete withdrawal by the end of 2026.
Israel begins gradual withdrawal from Lebanon pilot zones under US supervision
July 31 dips to 2%4%
The US confirmed it would supervise Israel's phased military pullback from designated pilot zones in southern Lebanon, marking the start of implementation of the June 26 framework. This development slightly increased market confidence in partial withdrawal progress.
Reports confirm Israel does not intend full withdrawal from Lebanon without Hezbollah disarmament
Reports indicated Israel will maintain a 10-kilometer security zone in southern Lebanon and link any full withdrawal to Hezbollah's disarmament, which is unlikely soon, reducing market expectations for a complete withdrawal by year-end.
US official confirms imminent Israeli withdrawal from first pilot zone in southern Lebanon
September 30 drops to 7%5%
A US official announced on July 10 that Israel would begin withdrawing from the first pilot zone in southern Lebanon within days, marking the first concrete step toward implementing the June framework agreement and briefly raising market optimism.
Israeli army preparing to withdraw from parts of southern Lebanon within days
August 31 dips to 8%1%
Reports indicated that the Israeli army was preparing to withdraw from some pilot areas in southern Lebanon in parallel with upcoming Lebanon-Israel talks in Rome, raising cautious market optimism.
Israel to withdraw from two Lebanon pilot zones in coming days, US official says
December 31 dips to 12%1%
A US official announced that Israeli troops would begin withdrawing from the first of two pilot zones in southern Lebanon in the coming days, signaling initial implementation of the June framework agreement and raising cautious market optimism.
Israel publicly states no intention for full withdrawal without Hezbollah disarmament
On July 10, 2026, Israeli government sources publicly declared that Israel does not intend to fully withdraw from Lebanon unless Hezbollah is disarmed, maintaining a security zone. This official position further diminished market expectations for a full withdrawal by the end of 2026.
Israeli government states no full withdrawal without Hezbollah disarmament
December 31 dips to 21%1%
Israeli officials publicly declared that full withdrawal from Lebanon would not occur unless Hezbollah was disarmed, reinforcing market skepticism and pushing probabilities lower across all outcomes.
Israeli Chief of Staff rules out Hezbollah disarmament, impacting withdrawal odds
September 30 dips to 10%2%
The Israeli Chief of Staff stated there is no disarmament goal or ceasefire on the northern front, indicating continued military presence and reducing market confidence in withdrawal by June 30, 2026.
Hezbollah rejects US-brokered Israel-Lebanon withdrawal deal, Netanyahu vows to stay
July 31 dips to 0%1%
Hezbollah publicly rejected the US-mediated framework linking Israeli withdrawal to Hezbollah's disarmament, while Netanyahu reaffirmed Israel's intention to remain in southern Lebanon until the Hezbollah threat is eliminated. This hardened the market's view against a full withdrawal by July 31.
Israel continues military presence in southern Lebanon amid stalled withdrawal talks
Despite the framework agreement, Israeli officials including Netanyahu reaffirmed that forces will remain in southern Lebanon until Hezbollah is disarmed, while Hezbollah rejects the deal, maintaining a stalemate and low market confidence in withdrawal by year-end.
Israel begins withdrawal from first Lebanon pilot zone under US-brokered deal
December 31 dips to 18%4%
US officials confirmed that Israel would return the first pilot zone in southern Lebanon to Lebanese control within days, marking the start of the phased withdrawal outlined in the June 26 agreement. This concrete timetable raised hopes for progress but full withdrawal remained contingent on Hezbollah disarmament.
Israeli army prepares to withdraw from parts of southern Lebanon within days
August 31 rises to 9%1%
Reports emerged that the Israeli army was preparing to withdraw from some pilot areas in southern Lebanon in parallel with ongoing negotiations in Rome. This raised market hopes for imminent partial withdrawal, causing some price stabilization and minor increases.
Israel begins phased withdrawal from Lebanon pilot zones under US supervision
August 31 drops to 4%6%
Israel started a phased military pullback from designated pilot zones in southern Lebanon, with the Lebanese Armed Forces taking control. This marked the first concrete implementation step of the June framework agreement but did not signal a full withdrawal, keeping market confidence low.
US and Lebanese officials confirm US-supervised gradual Israeli withdrawal from pilot zones
August 31 plunges to 14%15%
US and Lebanese officials announced that Washington would supervise the phased Israeli military pullback from designated pilot zones in southern Lebanon, marking a concrete step toward withdrawal and raising market hopes for further troop reductions.
US official says IDF troops to withdraw from Lebanon pilot zones in coming days
August 31 dips to 2%1%
A US official announced that Israeli troops would begin withdrawing from the first of two pilot zones in southern Lebanon soon, indicating partial implementation of the framework agreement and causing a slight market response reflecting limited progress.
Reports of imminent Israeli withdrawal from southern Lebanon pilot zones
August 31 dips to 5%3%
Reports on July 10 indicated Israeli forces would soon withdraw from one of two pilot zones in southern Lebanon as part of the US-brokered framework, raising short-term hopes for partial withdrawal.
Israeli army prepares to withdraw from parts of southern Lebanon within days
December 31 dips to 17%4%
Reports confirmed that the Israeli army was preparing to withdraw from some pilot areas in southern Lebanon within days under the framework agreement, with the US supervising the gradual pullback. However, no full withdrawal announcement was made, sustaining market doubts about complete withdrawal by the specified dates.
Israel begins phased withdrawal from Lebanon pilot zones under US-mediated deal
December 31 dips to 14%3%
Israel started withdrawing troops from designated pilot zones in southern Lebanon as part of the phased withdrawal agreed in June, signaling progress but not a full withdrawal, which kept market prices low.
Israeli government states no intention for full withdrawal without Hezbollah disarmament
December 31 drops to 14%7%
Israeli Defense Minister Israel Katz publicly declared that Israeli forces would remain indefinitely in southern Lebanon until Hezbollah is disarmed, signaling no imminent full withdrawal and causing a sharp decline in market confidence.
Israeli army prepares to withdraw from parts of southern Lebanon within days
Reports emerged that the Israeli army was preparing to withdraw from some pilot areas in southern Lebanon in line with the June 26 framework agreement, ahead of further negotiations. This raised hopes for progress but did not confirm full withdrawal.
Israeli Defense Minister reiterates refusal to withdraw without Hezbollah disarmament
December 31 drops to 14%9%
Israeli Defense Minister Israel Katz publicly declared that Israeli forces would remain indefinitely in southern Lebanon until Hezbollah is disarmed, signaling no imminent full withdrawal and causing market confidence to decline sharply.
US official confirms imminent Israeli withdrawal from first Lebanon pilot zone
August 31 dips to 1%2%
A US official announced that Israel would begin withdrawing from the first of two pilot zones in southern Lebanon within days, marking the start of phased implementation of the June framework agreement. This raised cautious market optimism but full withdrawal remained uncertain.
Israel begins gradual withdrawal from southern Lebanon pilot zones under US supervision
August 31 drops to 3%5%
Reports confirmed that Israel started a gradual military pullback from designated pilot zones in southern Lebanon under US supervision, marking the first phase of withdrawal. This partial withdrawal did not indicate a full withdrawal, sustaining low market probabilities for complete withdrawal by the end of 2026.
Israel prepares to withdraw from one Lebanon pilot zone, Lebanon delays talks
September 30 dips to 5%1%
Reports indicated Israel would withdraw from one of the two pilot zones in southern Lebanon soon, but Lebanon delayed participation in further talks until withdrawal was completed, reflecting ongoing negotiation challenges and partial implementation of the framework.
US confirms supervision of gradual Israeli withdrawal from southern Lebanon pilot zones
December 31 drops to 12%11%
US and Lebanese officials confirmed that Washington would supervise the gradual Israeli military pullback from designated pilot zones established under the June 26 framework agreement. This official confirmation reinforced the phased nature of the withdrawal and the involvement of international oversight, which tempered expectations of a full withdrawal by the market deadlines.
US official confirms Israel to return first pilot zone in southern Lebanon soon
A US administration official confirmed that Israel would return the first pilot zone in southern Lebanon to Lebanese control within days, marking the first concrete timetable attached to the June 26 framework agreement. This signaled initial implementation progress but not full withdrawal.
US official confirms Israel will withdraw from first pilot zone in southern Lebanon in coming days
A US administration official confirmed that Israel would return the first 'pilot zone' in southern Lebanon to Lebanese control within days, marking the first concrete timetable attached to the June 26 framework agreement. This partial withdrawal raised some market hopes but did not indicate full withdrawal.
US official confirms Israeli withdrawal from Lebanon pilot zones to begin soon
December 31 dips to 21%2%
A US official announced that Israeli forces would begin withdrawing from the first of two pilot zones in southern Lebanon within days, marking the start of phased withdrawal under the June framework and briefly boosting market confidence.
Reports of imminent Israeli withdrawal from one pilot zone in southern Lebanon
September 30 drops to 7%5%
Reports indicated Israeli forces would withdraw from one of the two pilot zones in southern Lebanon within days, marking the first concrete step in implementing the framework agreement. However, no full withdrawal announcement was made, limiting market optimism.
Israel to withdraw from one of two pilot zones in southern Lebanon soon
August 31 dips to 5%2%
Reports indicated Israeli forces would soon withdraw from one of two pilot zones in southern Lebanon as part of the US-brokered framework, raising short-term hopes for partial withdrawal but not full exit.
US official says IDF troops to withdraw from Lebanon pilot zones in coming days
September 30 dips to 11%2%
A US official announced that Israeli troops would begin withdrawing from the first of two pilot zones in southern Lebanon soon, indicating progress in implementing the framework agreement but with no fixed timeline, causing minor market fluctuations.
Reports of Israeli withdrawal from one pilot zone in southern Lebanon
September 30 dips to 13%1%
Reports indicated that Israeli forces were preparing to withdraw from one of the two pilot zones in southern Lebanon, with the Lebanese Armed Forces set to take over, but the timeline for the second zone remained unclear, maintaining uncertainty in the market.
US official confirms Israel to begin withdrawal from first pilot zone in southern Lebanon
August 31 dips to 1%2%
A US official confirmed that Israel would return the first pilot zone in southern Lebanon to Lebanese control within days, marking the start of phased withdrawals under the framework agreement. This partial withdrawal raised some hopes but did not significantly increase market confidence due to the limited scope and conditional nature of the pullback.
Israel begins phased military pullback from southern Lebanon pilot zones
August 31 dips to 3%2%
Israel started a gradual military withdrawal from designated pilot zones in southern Lebanon under US supervision, marking the first phase of withdrawal but not signaling a full withdrawal, keeping market confidence low.
Israeli military prepares to withdraw from two pilot zones in southern Lebanon
August 31 dips to 3%1%
Reports indicated that Israeli forces would begin withdrawing from two pilot zones in southern Lebanon as part of the US-brokered framework agreement, with Lebanese forces deploying to these areas, though no full withdrawal timetable was set.
US official confirms imminent IDF withdrawal from first pilot zone in Lebanon
December 31 dips to 22%1%
A US official announced that Israeli troops would begin withdrawing from the first pilot zone in southern Lebanon within days, providing a concrete timetable and supporting the partial withdrawal framework.
Israel begins withdrawal from pilot zones in southern Lebanon under US supervision
September 30 drops to 5%8%
Israel started a phased withdrawal from designated pilot zones in southern Lebanon under US supervision, marking the first implementation step of the June 26 framework agreement. This partial withdrawal raised some market optimism but fell short of full withdrawal.
Reports of Israeli withdrawal from Lebanon pilot zones imminent
August 31 dips to 3%1%
Reports from multiple sources indicated that Israeli forces would begin withdrawing from two pilot zones in southern Lebanon soon, creating some market hope but no confirmation of full withdrawal, keeping prices low.
US official confirms imminent Israeli withdrawal from first pilot zone in southern Lebanon
December 31 dips to 12%4%
A US official announced that Israel would return the first pilot zone in southern Lebanon to Lebanese control in a matter of days, marking the beginning of phased withdrawals under the June 26 framework. This raised some market hopes but with no fixed timetable for full withdrawal.
Israeli Defense Minister Katz states no withdrawal from southern Lebanon without Hezbollah disarmament
December 31 dips to 12%1%
Defense Minister Israel Katz publicly declared that Israeli forces would remain indefinitely in southern Lebanon until Hezbollah is disarmed, signaling no imminent full withdrawal and reducing market confidence in withdrawal by near-term dates.
US officials confirm Israel to begin withdrawing from pilot zones in southern Lebanon under supervision
December 31 dips to 13%4%
US and Lebanese officials announced progress on implementing the June 26 framework, with Israel preparing to withdraw from designated pilot zones and Lebanese forces to take control, marking the first concrete step toward partial withdrawal and causing modest market price declines.
US to oversee Israeli withdrawal from pilot zones in southern Lebanon
July 31 dips to 1%2%
On July 9, 2026, Lebanese and US officials announced that the United States would oversee the withdrawal of Israeli forces from the two pilot zones in southern Lebanon, with the first withdrawal expected within days. However, no timeline was given for a full withdrawal, keeping market expectations low for complete Israeli exit by the deadlines.
US President Trump urges Netanyahu to withdraw troops from Lebanon and Syria
July 31 dips to 0%1%
On July 9, President Trump urged Netanyahu to redeploy Israeli troops from southern Lebanon and Syria to reduce tensions. Netanyahu resisted, citing security needs and the importance of maintaining buffer zones. This reinforced market skepticism about near-term withdrawal, pushing prices for July and August dates to near zero.
US President Trump urges Israel to withdraw troops from Lebanon and Syria
July 31 drops to 1%5%
During a phone call, US President Trump urged Prime Minister Netanyahu to redeploy Israeli troops from southern Lebanon and Syria to reduce tensions. Netanyahu resisted, citing security concerns, reinforcing market doubts about near-term withdrawal.
US to oversee Israeli withdrawal from pilot zones in southern Lebanon
September 30 dips to 5%4%
Lebanese and US officials announced that the United States would oversee the withdrawal of Israeli forces from two pilot zones in southern Lebanon, with the first withdrawal expected within days. This announcement marked progress but did not specify a timeline for full withdrawal, keeping market expectations low.
US to oversee Israeli withdrawal from pilot zones; talks to continue
December 31 drops to 12%10%
US officials announced they would oversee gradual Israeli withdrawal from pilot zones in southern Lebanon, but emphasized withdrawal was conditional on Hezbollah disarmament, with no set timetable, maintaining market pessimism about full withdrawal by deadlines.
US delegation arrives in Lebanon to discuss implementation of Israeli withdrawal from pilot zones
September 30 drops to 7%5%
A US military delegation met with Lebanon's army to discuss mechanisms for implementing Israel's withdrawal from designated pilot zones in southern Lebanon as per the June 26 framework agreement. This indicated progress in the phased withdrawal but also highlighted the complexity and gradual nature of the process, impacting market confidence negatively.
Israel expands military presence with 23 new positions in southern Lebanon
December 31 dips to 14%4%
On July 9, 2026, reports emerged that Israel had established 23 new military positions inside occupied areas of southern Lebanon, deepening its military presence despite Lebanese demands for withdrawal. This military expansion indicated Israel's intent to maintain control and further reduced expectations of a full withdrawal.
US delegation meets Lebanese army to discuss implementation of Israeli withdrawal from pilot zones
September 30 dips to 6%3%
A US military delegation met with Lebanon's army to discuss mechanisms for implementing Israel's withdrawal from designated pilot zones, marking progress in the phased withdrawal process but without a full exit, influencing market sentiment downward.
Netanyahu reiterates Israeli forces will remain in Lebanon as long as necessary
Prime Minister Netanyahu stated that Israeli forces would stay in the security zone in southern Lebanon for as long as needed to guarantee northern Israeli communities' security, signaling no imminent full withdrawal and maintaining market skepticism.
US delegation to oversee Israeli withdrawal implementation in Lebanon
A US military delegation was expected to arrive in Beirut to oversee the implementation of Israel's withdrawal from pilot zones, indicating ongoing but slow progress. The agreement still tied withdrawal to Hezbollah disarmament, limiting market optimism.
US to oversee Israeli withdrawal from Lebanon pilot zones; talks to continue in Rome
On July 9, US officials announced that American military delegations would oversee the implementation of Israel's withdrawal from the pilot zones in southern Lebanon, with further technical talks scheduled in Rome. However, no timeline for full withdrawal was set, maintaining market doubts about a complete exit by July 31 or later.
US official says Israeli withdrawal from first pilot zone in southern Lebanon imminent
July 31 plunges to 1%15%
A US official announced that Israel's withdrawal from the first pilot zone in southern Lebanon would begin within days, despite Lebanon's refusal to attend further talks until withdrawal occurs, reflecting ongoing delays and conditional progress.
US delegation to oversee Israeli withdrawal from pilot zones in Lebanon
December 31 dips to 18%4%
A US military delegation was announced to arrive in Beirut to oversee the implementation of Israel's withdrawal from designated pilot zones, emphasizing the gradual and conditional nature of the withdrawal, which kept market prices low for full withdrawal by year-end.
US delegation arrives in Lebanon to oversee Israeli withdrawal from pilot zones
August 31 dips to 7%1%
A US military delegation visited Lebanon to discuss the implementation of the withdrawal from designated pilot zones, marking progress toward the phased withdrawal but with no set timetable. This maintained market uncertainty and low probabilities for full withdrawal by the market's key dates.
US delegation to oversee Israeli withdrawal from pilot zones in southern Lebanon
September 30 dips to 11%2%
A US delegation arrived in Lebanon to supervise the implementation of Israel's withdrawal from designated pilot zones, marking the beginning of the phased pullback under the June 26 agreement, which slightly improved market sentiment.
Lebanon demands Israeli withdrawal from pilot zones before next peace talks
September 30 rises to 7%1%
Lebanese officials demanded Israel fulfill its pledge to withdraw from two pilot zones and hand them over to the Lebanese military before participating in upcoming peace talks, highlighting ongoing disputes and delaying progress toward full withdrawal.
US official says Israeli withdrawal from Lebanon pilot zone imminent
August 31 dips to 7%1%
A US official announced that Israel's withdrawal from the first pilot zone in southern Lebanon would begin within days, signaling initial implementation of the June framework but not a full withdrawal, which kept market prices low.
U.S.-Iran peace deal collapses amid Persian Gulf airstrikes
December 31 dips to 12%2%
The collapse of the U.S.-Iran Islamabad MOU peace deal and subsequent military escalation increased regional instability, reducing the likelihood of Israeli withdrawal from Lebanon by any date.
Israel and Lebanon begin US-mediated talks on trial withdrawal from two southern villages
December 31 dips to 16%1%
Israeli and Lebanese military officers started US-mediated talks to establish criteria for a Hezbollah-free zone ahead of a planned trial Israeli withdrawal from two villages in southern Lebanon. Israel awaited confirmation from Lebanese forces and US Central Command before beginning withdrawal, signaling initial steps but no actual withdrawal yet, which kept market optimism moderate.
Israeli attack on vehicle in Lebanon kills at least four amid ongoing strikes
Despite a ceasefire agreement, Israel continued launching strikes on southern Lebanon, including an attack killing at least four people. This ongoing military activity sustained market skepticism about a full withdrawal by near-term dates.
IDF strikes several Hezbollah targets in southern Lebanon
The IDF announced another round of strikes on Hezbollah positions, confirming ongoing offensive operations and keeping the market at the lowest observed Yes level (1%).
Netanyahu says some Lebanese Christian villages requested annexation by Israel
December 31 dips to 10%2%
Prime Minister Netanyahu stated that some Christian-majority villages in southern Lebanon asked to be annexed by Israel for protection from Hezbollah, indicating Israel's intent to maintain control over parts of southern Lebanon and reducing likelihood of full withdrawal.
Israeli and Lebanese military begin US-mediated talks on criteria for Hezbollah-free zones
August 31 plunges to 3%26%
US-mediated talks started between Israeli and Lebanese military officers to define criteria for Hezbollah-free zones ahead of a planned trial Israeli withdrawal from two villages, indicating slow progress and conditional withdrawal plans.
Israeli strikes continue in southern Lebanon despite ceasefire agreement
Israel continued intermittent military strikes targeting Hezbollah sites in southern Lebanon despite a two-week-old ceasefire, indicating ongoing hostilities and undermining confidence in a full withdrawal by the market deadlines.
US-mediated talks begin on criteria for Israeli withdrawal pilot zones
August 31 plunges to 14%15%
Israeli and Lebanese military officers started US-mediated talks to establish criteria for a Hezbollah-free zone ahead of a planned trial Israeli withdrawal from two villages. Israel had not yet started withdrawing but planned to begin soon, maintaining uncertainty about full withdrawal timelines.
Israel and Lebanon hold US-mediated talks on trial withdrawal from two border villages
December 31 dips to 14%3%
Israeli and Lebanese military officers began US-mediated talks to establish criteria for a Hezbollah-free zone ahead of a planned trial withdrawal from two villages, marking the start of the phased withdrawal process under the framework agreement.
US-mediated talks begin on criteria for Hezbollah-free zones ahead of trial Israeli withdrawal
September 30 drops to 14%8%
Israeli and Lebanese military officers started US-mediated talks to establish clear criteria for a Hezbollah-free zone before a planned trial withdrawal from two villages. Israel had not yet started withdrawing but planned to begin in the coming weeks, maintaining uncertainty about the timeline for full withdrawal.
Israel maintains refusal to fully withdraw from Lebanon amid ongoing conflict
July 31 dips to 1%2%
Reports indicated Israel’s withdrawal from southern Lebanon is conditional and tied to Hezbollah’s disarmament, a condition unlikely to be met quickly. Israel continues military operations and occupation, signaling no imminent full withdrawal, which aligns with the market's very low probability for withdrawal by July 31.
Netanyahu affirms Israeli forces will remain in southern Lebanon until Hezbollah threat eliminated
Prime Minister Netanyahu visited IDF troops and reiterated that Israeli forces would stay in southern Lebanon 'for as long as necessary' to protect Israeli communities, conditioning withdrawal on Hezbollah disarmament, which Hezbollah refuses. This hardened stance further reduced market expectations of withdrawal by near-term dates.
Netanyahu states Israel will maintain occupation and some villages seek annexation
December 31 dips to 17%1%
Netanyahu announced Israel's intention to maintain occupation in southern Lebanon and mentioned some Christian-majority villages requested annexation for protection, signaling no imminent full withdrawal and further reducing market optimism.
Netanyahu states Israel will maintain occupation in southern Lebanon indefinitely
August 31 drops to 4%5%
Prime Minister Netanyahu publicly declared that Israeli forces would stay in southern Lebanon 'as long as necessary,' rejecting any immediate withdrawal and solidifying market pessimism about withdrawal by July and August deadlines.
Reports of US coordination advancing Israeli withdrawal preparations in southern Lebanon
December 31 drops to 17%5%
Israeli media reported progress in preparations for the next phase of Israeli withdrawal, with US coordination to establish a ceasefire monitoring mechanism and transfer security responsibilities to the Lebanese Army. This suggested a gradual implementation but also highlighted delays due to Hezbollah's opposition, tempering market optimism.
Hezbollah rejects US-brokered withdrawal deal; Netanyahu vows to stay
August 31 drops to 3%6%
Hezbollah rejected the US framework tying Israeli withdrawal to its disarmament, while Netanyahu reaffirmed Israeli forces would remain until the Hezbollah threat is eliminated, further reducing market confidence in withdrawal by deadlines.
Analysis suggests Israel’s withdrawal from Lebanon contingent on Hezbollah disarmament, unlikely soon
July 31 dips to 1%2%
Reports highlighted that Israel’s withdrawal is conditional on Hezbollah’s disarmament and threat elimination, making immediate full withdrawal improbable. This analysis contributed to further market price declines.
Netanyahu affirms continued Israeli occupation of southern Lebanon
Prime Minister Netanyahu stated that Israeli forces would maintain their presence in southern Lebanon 'for as long as necessary' to counter Hezbollah threats, signaling no imminent full withdrawal. This statement reinforced market expectations of prolonged Israeli military presence.
Analysis suggests Israel will not fully withdraw from Lebanon soon
August 31 dips to 3%1%
An analysis published on July 5, 2026, indicated that Israel’s withdrawal from southern Lebanon is conditional and not immediate, tied to Hezbollah’s disarmament, which is unlikely to happen quickly. This reinforced market skepticism about a full withdrawal by the near-term deadlines.
Netanyahu declares Israel will maintain presence in southern Lebanon indefinitely
December 31 drops to 12%5%
Prime Minister Benjamin Netanyahu publicly stated that Israeli forces would remain in southern Lebanon 'as long as necessary,' rejecting any immediate withdrawal and emphasizing security concerns related to Hezbollah. This hardened stance significantly reduced market confidence in near-term withdrawal.
Israel rejects immediate withdrawal, ties pullout to Hezbollah disarmament
December 31 dips to 18%4%
Israel clarified that withdrawal from southern Lebanon would only occur after Hezbollah was disarmed and its infrastructure dismantled, a condition seen as difficult to fulfill quickly. This stance reduced market confidence in near-term withdrawal.
Israel affirms continued occupation of southern Lebanon amid Hezbollah opposition
December 31 dips to 16%3%
In early July, Israeli Prime Minister Netanyahu reaffirmed that Israeli forces would remain in southern Lebanon as long as Hezbollah posed a threat, while Hezbollah rejected the US-brokered withdrawal deal, creating a stalemate that limited prospects for full Israeli withdrawal within the market timeframe.
Israel affirms it will maintain military presence in southern Lebanon despite agreement
August 31 dips to 3%3%
Prime Minister Netanyahu and Defense Minister Katz publicly stated Israeli forces would remain in southern Lebanon indefinitely until Hezbollah is disarmed, signaling no imminent full withdrawal and reducing market confidence in near-term withdrawal.
Netanyahu vows Israeli forces will remain in southern Lebanon indefinitely
August 31 drops to 4%5%
Prime Minister Netanyahu publicly declared that Israeli troops would stay in southern Lebanon "as long as necessary," rejecting any immediate withdrawal and sharply reducing market confidence in withdrawal by any near-term date.
Analysis: Israel not leaving Lebanon soon, withdrawal tied to Hezbollah disarmament
December 31 drops to 12%11%
Analysts noted that the US-brokered agreement conditions Israeli withdrawal on Hezbollah's disarmament and Lebanese army control, making immediate withdrawal unlikely. Israeli military actions and statements confirmed no imminent withdrawal, contributing to market declines.
Israel refuses to withdraw fully from Lebanon, linking withdrawal to Hezbollah disarmament
December 31 drops to 16%7%
Israeli officials declared that withdrawal from southern Lebanon would not occur until Hezbollah is disarmed, signaling a conditional and indefinite presence that dampened market optimism and contributed to price declines.
Netanyahu vows Israeli forces will remain in Lebanon security zone until Hezbollah threat eliminated
In early July, Netanyahu reaffirmed that Israeli forces would stay in the southern Lebanon security zone "for as long as necessary" to protect northern Israeli communities until Hezbollah is disarmed, signaling no imminent full withdrawal and further depressing market prices.
Israel refuses full withdrawal from Lebanon, ties pullout to Hezbollah disarmament
December 31 dips to 12%4%
Israeli officials stated that withdrawal from southern Lebanon would only occur after Hezbollah is disarmed, signaling a conditional and indefinite military presence. This stance reduced market confidence in a full withdrawal by the specified dates.
Israel rejects full withdrawal, ties it to Hezbollah disarmament; Hezbollah rejects US deal
Israeli officials, including Defense Minister Katz and Prime Minister Netanyahu, reiterated that Israeli forces would not withdraw fully from southern Lebanon until Hezbollah is disarmed. Hezbollah rejected the US-brokered framework agreement, calling it humiliating and null, signaling no immediate full withdrawal and contributing to market price declines.
Israeli military continues strikes against Hezbollah amid ceasefire violations
December 31 dips to 18%4%
Ongoing Israeli military operations targeting Hezbollah in southern Lebanon indicated continued hostilities, reducing the likelihood of a full Israeli withdrawal and negatively impacting market confidence.
Netanyahu affirms Israel will maintain occupation in southern Lebanon despite some village annexation requests
December 31 dips to 14%3%
On July 5, Prime Minister Netanyahu stated Israel would maintain its military presence in southern Lebanon, rejecting full withdrawal despite some local requests for annexation. This reinforced market skepticism about a full withdrawal by year-end.
Reports confirm Israel will not fully withdraw from Lebanon, tying withdrawal to Hezbollah disarmament
July 31 dips to 1%1%
By early July, reports indicated Israel's withdrawal was conditional on Hezbollah's disarmament, a nearly impossible condition, and Israeli officials reiterated no full withdrawal plans, pushing market prices to near zero for earlier withdrawal dates.
Netanyahu vows Israeli forces will remain in southern Lebanon indefinitely
December 31 drops to 12%12%
Prime Minister Netanyahu publicly stated that Israeli troops would stay in southern Lebanon 'as long as necessary,' rejecting any precondition for withdrawal and reinforcing market pessimism about near-term exit.
Reports of Israeli pre-selling land in occupied southern Lebanon and calls for long-term control
December 31 drops to 13%5%
Reports emerged that Israel was pre-selling land in occupied southern Lebanese areas and officials advocated for maintaining long-term control, signaling a de facto extension of occupation. This diminished market expectations for a full withdrawal by any of the specified dates.
Israeli Chief of Staff rules out disarmament, impacting Lebanon withdrawal odds
December 31 drops to 12%12%
The Israeli Chief of Staff stated there is no disarmament goal or ceasefire on the northern front, emphasizing ongoing military operations against Hezbollah. This statement decreased the likelihood of a military withdrawal from Lebanon by the end of June 2026, reflected in market pricing.
Israel refuses to withdraw from Lebanon, signals expanded conflict
December 31 drops to 16%5%
Reports indicated Israel would not withdraw from Lebanon until Hezbollah is disarmed, with ongoing strikes and military presence signaling an expanding conflict rather than a withdrawal, causing market prices to fall further.
Israel expands military presence in southern Lebanon with 23 new positions
December 31 dips to 14%3%
Despite the framework agreement, Israel established 23 new military positions in southern Lebanon by July 9, 2026, signaling continued military control and reducing market confidence in a full withdrawal by the deadlines.
Israel refuses full withdrawal, ties exit to Hezbollah disarmament
September 30 dips to 5%3%
Reports highlighted Israel's refusal to fully withdraw from Lebanon without Hezbollah's disarmament, creating a deadlock and diminishing market confidence in a complete withdrawal by the deadlines.
Israeli leadership rejects additional withdrawals, vows to maintain occupation
August 31 drops to 3%6%
Israeli Prime Minister Netanyahu and Defense Minister Katz publicly stated that Israeli forces would remain in southern Lebanon indefinitely, rejecting any immediate or unconditional withdrawal, which further decreased market confidence in withdrawal by near-term dates.
Netanyahu says some Christian-majority villages in southern Lebanon requested annexation by Israel
July 31 dips to 1%1%
Prime Minister Netanyahu stated that certain Christian-majority villages in southern Lebanon sought annexation by Israel for protection from Hezbollah, indicating ongoing Israeli presence and complicating prospects for full withdrawal, which pressured market prices downward.
Netanyahu reaffirms Israeli forces will remain in southern Lebanon security zone
July 31 dips to 1%2%
Prime Minister Netanyahu visited troops and stated that Israeli forces would stay in the security zone as long as Hezbollah remains a threat, effectively ruling out a full withdrawal in the near term. This reinforced market expectations of a prolonged Israeli presence.
Israel refuses full withdrawal, ties pullback to Hezbollah disarmament
December 31 drops to 16%7%
Reports indicated Israel would not fully withdraw from Lebanon until Hezbollah was disarmed, creating a deadlock and diminishing market expectations for a full withdrawal by any near-term date.
Israel affirms no immediate withdrawal from Lebanon, conditions tied to Hezbollah disarmament
December 31 drops to 12%9%
Israeli officials, including Defense Minister Israel Katz and Prime Minister Netanyahu, publicly stated that Israeli forces would not withdraw from southern Lebanon unless Hezbollah was disarmed, reinforcing a stance of prolonged military presence and reducing market expectations for near-term withdrawal.
Hezbollah rejects US-brokered withdrawal deal; Netanyahu vows to stay until disarmament
July 31 dips to 4%2%
Hezbollah's rejection of the withdrawal framework and Netanyahu's commitment to maintain Israeli forces until Hezbollah is disarmed reinforced market skepticism about a full withdrawal by the deadlines.
Netanyahu states Israel will maintain occupation in southern Lebanon
July 31 drops to 1%11%
Prime Minister Netanyahu declared that Israel will maintain its occupation in southern Lebanon and will not withdraw until Hezbollah is disarmed, reinforcing the deadlock and diminishing market expectations for withdrawal by July 31 or earlier.
Israel refuses to withdraw from Lebanon; conflict expands with strikes near Golan Heights
July 31 plunges to 0%23%
Reports indicated Israel's refusal to withdraw from southern Lebanon and ongoing military operations, with the framework agreement tied to Hezbollah's disarmament creating a deadlock. This reinforced market pessimism about withdrawal by early dates.
Israel signals refusal to fully withdraw from Lebanon, tying withdrawal to Hezbollah disarmament
December 31 dips to 17%4%
Reports indicated that Israel's withdrawal from southern Lebanon was conditional on Hezbollah's disarmament, a nearly impossible condition to fulfill quickly. Israeli officials stated they would maintain a security zone and not withdraw unconditionally, dampening market expectations for a full withdrawal soon.
Netanyahu insists Israeli troops will stay until Hezbollah is disarmed
Netanyahu reiterated that Israeli forces will remain in the security zone until a comprehensive disarmament of Hezbollah is achieved, cementing the market’s low expectations for any withdrawal before the end‑year deadlines.
Israel and Lebanon agree on framework for phased Israeli withdrawal from southern Lebanon
December 31 dips to 14%4%
On June 26, 2026, Israel, Lebanon, and the US signed a trilateral framework agreement for Israel to withdraw from two areas in southern Lebanon, with Lebanese forces taking over. This agreement marked the start of a phased withdrawal process, raising market hopes for eventual Israeli exit.
Israel refuses to fully withdraw from Lebanon amid ongoing conflict
August 31 drops to 3%5%
Reports indicated Israel would not withdraw unconditionally and that the withdrawal was tied to Hezbollah disarmament, with continued military strikes in the region. This reinforced market skepticism about a full withdrawal by the deadlines.
Israel confirms no immediate withdrawal, plans to maintain occupation indefinitely
July 31 dips to 12%2%
Israeli Defense Minister Israel Katz and Prime Minister Netanyahu publicly declared that Israeli forces would remain in southern Lebanon indefinitely until Hezbollah is disarmed, signaling no imminent withdrawal and reducing market confidence.
Analysis: Israel’s refusal to fully withdraw from Lebanon amid ongoing conflict
August 31 dips to 2%1%
Reports highlighted Israel’s refusal to fully withdraw from Lebanon, linking withdrawal to Hezbollah disarmament and ongoing military actions, suggesting a protracted conflict and diminishing likelihood of full withdrawal by market dates.
Israel confirms refusal to withdraw from southern Lebanon amid ongoing threats
August 31 drops to 3%6%
Israeli officials, including Prime Minister Netanyahu, stated Israel would not withdraw from southern Lebanon while Hezbollah remains a threat, signaling that any withdrawal would be conditional and not immediate, causing market confidence to decline further.
US advances coordination on Israeli withdrawal from southern Lebanon
December 31 drops to 13%5%
Reports emerged of US involvement in coordinating a ceasefire monitoring mechanism and preparations for Israeli withdrawal from parts of southern Lebanon, signaling initial steps toward phased pullback but with ongoing tensions and delays.
Hezbollah rejects Israel-Lebanon withdrawal deal, demands full ceasefire and withdrawal
December 31 drops to 16%7%
Hezbollah publicly rejected the partial withdrawal agreement, demanding a full ceasefire and complete Israeli withdrawal, increasing uncertainty and reducing market confidence in any near-term full withdrawal.
Netanyahu reiterates Israeli forces will remain in Lebanon security zone as long as Hezbollah is armed
July 31 dips to 1%1%
Prime Minister Netanyahu stated that Israeli forces would stay in southern Lebanon to protect northern communities until the Hezbollah threat is eliminated, signaling no immediate full withdrawal and reinforcing market skepticism.
Israel refuses to withdraw fully from Lebanon; conflict expands
August 31 drops to 8%6%
Reports indicated Israel's refusal to fully withdraw from Lebanon, linking withdrawal to Hezbollah's disarmament, which is unlikely soon. This conditional and delayed withdrawal stance led to further market declines in the probability of full withdrawal by the deadlines.
Netanyahu reaffirms Israeli forces will remain in southern Lebanon until Hezbollah disarms
December 31 dips to 17%3%
Prime Minister Netanyahu publicly stated that Israeli forces would stay in southern Lebanon 'for as long as necessary' until the Hezbollah threat is eliminated, reinforcing the conditional nature of withdrawal and further lowering market confidence in a full withdrawal by any date in 2026.
Hezbollah rejects US-brokered withdrawal deal; Netanyahu vows to stay until disarmament
December 31 drops to 11%11%
Hezbollah publicly rejected the US-brokered deal for Israeli withdrawal, while Israeli leadership reaffirmed their presence in Lebanon until Hezbollah is disarmed. This stalemate maintained market skepticism about a full Israeli withdrawal by the end of 2026.
Hezbollah rejects Israel-Lebanon talks and withdrawal agreement
Hezbollah, not party to the negotiations, rejected the framework agreement and Israel's partial withdrawal, maintaining opposition to Israeli presence and complicating prospects for full withdrawal, reinforcing market skepticism.
Lebanon-Israel deal criticized by rights groups for betraying war victims
Human rights groups criticized the Lebanon-Israel framework agreement for failing to ensure Israeli withdrawal and betraying victims of war crimes. This criticism reflected ongoing doubts about the deal's effectiveness and the likelihood of Israeli withdrawal, keeping market prices low.
Netanyahu states Israeli forces will not withdraw while Hezbollah remains armed
July 31 dips to 1%3%
Israeli Prime Minister Netanyahu publicly declared that Israeli troops would stay in Lebanon as long as Hezbollah is armed, further diminishing market expectations for withdrawal by July 31.
Israel and Lebanon link withdrawal to Hezbollah disarmament under US-mediated framework
September 30 dips to 12%4%
The agreement linked gradual Israeli withdrawal to the deployment of Lebanese Armed Forces and the disarmament of Hezbollah, with Israel maintaining a security zone until threats are eliminated, dampening market expectations for full withdrawal.
Reports of delays in Israeli withdrawal from Lebanon due to security and verification concerns
August 31 drops to 4%5%
Negotiations backed by international mediators indicated delays in the planned Israeli withdrawal from southern Lebanon, citing trust and verification issues related to Hezbollah disarmament and Lebanese army deployment, reinforcing market doubts about timely withdrawal.
Israeli military operations cause destruction and displacement in southern Lebanon
December 31 drops to 16%5%
Israeli military actions in southern Lebanon resulted in widespread destruction of villages and displacement of civilians, indicating ongoing occupation and military presence. This reality diminished market expectations for a full withdrawal by the end of 2026.
Israel and Lebanon describe framework agreement as initial step toward ending fighting
September 30 dips to 13%1%
Both sides described the US-mediated framework agreement as a first step toward peace, linking Israeli withdrawal to Hezbollah disarmament, but Hezbollah's rejection and ongoing Israeli military actions tempered optimism, contributing to further price declines.
Blinken says new US‑Lebanon talks will not address Israeli pull‑back
Blinken announced a new round of talks in Washington aimed at a cease‑fire but made no commitments on Israeli withdrawal, leaving market sentiment unchanged at low levels.
Israel announces partial troop withdrawals from southern Lebanon pilot zones
August 31 dips to 5%2%
Israel began withdrawing troops from certain areas in southern Lebanon as part of the US-mediated pilot zone plan, raising hopes for further withdrawals but with troops still poised for action.
Israel delays Lebanon withdrawal amid security and verification concerns
August 31 drops to 8%6%
Negotiations faced delays due to trust issues over Hezbollah disarmament and Lebanese control, with Israel demanding security guarantees, leading to market price drops reflecting reduced likelihood of timely full withdrawal.
Israel confirms partial withdrawal from pilot zones, maintains security presence
August 31 dips to 4%2%
Israel began a pilot withdrawal from two zones in southern Lebanon under the U.S.-brokered framework but emphasized it would maintain a security zone until Hezbollah is disarmed. This partial move was seen as limited, keeping market probabilities low.
Israel delays withdrawal from Lebanon amid trust and verification concerns
Negotiations between Israel and Lebanon faced delays due to mutual distrust and the need for robust verification mechanisms before any troop withdrawals, further reducing market confidence in a timely Israeli exit.
Negotiations Indicate Delays in Israeli Withdrawal from Lebanon
August 31 dips to 7%1%
Recent negotiations backed by international mediators revealed delays in the planned Israeli withdrawal from southern Lebanon. Concerns over trust, verification, Hezbollah's disarmament, and security guarantees have postponed the phased withdrawal outlined in the June 26 framework, further reducing market confidence in withdrawal by earlier dates.
Israel and Lebanon sign US-mediated framework linking withdrawal to Hezbollah disarmament
December 31 dips to 14%3%
The framework agreement signed in Washington linked gradual Israeli withdrawal to the disarmament of Hezbollah and Lebanese army deployment in pilot zones, but Israel confirmed it would maintain an expanded security zone meanwhile.
Lebanese army begins deployment in Zawtar al-Gharbiyeh after Israeli withdrawal
December 31 drops to 12%12%
Following the US-mediated agreement, the Lebanese army started deploying in Zawtar al-Gharbiyeh after Israeli forces withdrew, marking progress in the phased withdrawal process and Lebanese sovereignty restoration efforts.
IDF troops prepare to withdraw from Lebanon pilot zones in coming days, US official says
A US official announced that Israeli troops would begin withdrawing from the first of two pilot zones in southern Lebanon in the coming days, marking initial implementation of the June framework agreement and providing some market support for partial withdrawal prospects.
Israeli forces begin withdrawal from Lebanon pilot zones, Lebanese army deploys
August 31 drops to 2%7%
Following the framework agreement, Israeli forces started withdrawing from designated pilot zones in southern Lebanon, allowing Lebanese forces to assume control. This partial withdrawal was a tangible step but insufficient to convince markets of a full withdrawal by the deadlines.
US official announces imminent Israeli withdrawal from pilot zones
July 31 dips to 1%1%
A US official stated that Israeli troops would begin withdrawing from the first of two pilot zones in southern Lebanon in the coming days, with the Lebanese army deploying to the vacated areas. This was seen as a first step toward implementing the framework agreement but did not indicate a full withdrawal, leading to modest market adjustments.
Netanyahu reaffirms Israeli military presence in southern Lebanon
September 30 dips to 5%2%
Prime Minister Netanyahu visited IDF troops in southern Lebanon and declared that Israeli forces would remain in the security zone as long as necessary to counter Hezbollah, dampening market expectations for full withdrawal by the end of 2026.
Hezbollah and Lebanese officials reject US-brokered withdrawal deal
December 31 drops to 25%13%
Hezbollah leader and Lebanese Parliament Speaker rejected the US-brokered framework agreement as humiliating and unacceptable, vowing continued resistance and refusal to implement the deal. This undermined market confidence in a timely Israeli withdrawal.
US official says IDF withdrawal from first Lebanon pilot zone imminent
July 31 dips to 1%1%
A US official indicated that Israeli Defense Forces would begin withdrawing from the first of two pilot zones in southern Lebanon in the coming days, signaling progress on partial withdrawal but not full withdrawal, keeping market prices low.
Israel's Defense Minister Katz reiterates troops will stay indefinitely in Lebanon
August 31 dips to 4%3%
Defense Minister Israel Katz stated that Israeli forces would remain indefinitely in the security zones in Lebanon, Syria, and Gaza, reinforcing the message that no full withdrawal was planned soon and maintaining downward pressure on withdrawal market prices.
Israel confirms troops will remain in Lebanon until further notice
July 31 dips to 14%2%
Israel's Defence Minister Israel Katz reiterated that Israeli troops would remain in security zones in Lebanon until further notice to protect against security threats, dampening market hopes for near-term withdrawal.
Israeli Defense Minister Israel Katz vows indefinite military presence in Lebanon
December 31 dips to 21%1%
Israel Katz declared that Israeli forces would remain indefinitely in self-declared security zones in Lebanon, signaling no immediate withdrawal and undermining market expectations for near-term exit.
Israeli officials reaffirm no full withdrawal until Hezbollah disarmed
December 31 drops to 12%11%
Israeli leaders, including Prime Minister Netanyahu, stated that full withdrawal from Lebanon would only occur after Hezbollah is disarmed, signaling a conditional and indefinite presence. This stance contributed to market declines in full withdrawal probabilities.
US official announces imminent Israeli withdrawal from first pilot zone in southern Lebanon
December 31 drops to 14%6%
A US official stated that Israeli troops would begin withdrawing from the first of two pilot zones in southern Lebanon in the coming days, signaling initial implementation of the phased withdrawal agreement and briefly supporting market optimism.
Israeli forces maintain security zone in southern Lebanon amid ongoing military operations
December 31 drops to 12%11%
Despite the framework agreement, Israeli Defense Minister Israel Katz and military officials publicly declared no intention to fully withdraw from southern Lebanon without Hezbollah disarmament, maintaining a security zone and continuing military operations. This hardened stance caused market prices for withdrawal to decline further.
US official confirms Israel has withdrawn from parts of southern Lebanon pilot zones
July 31 dips to 12%2%
A US State Department official stated that Israel had withdrawn from some parts of the southern Lebanon security zone, marking a concrete step under the framework agreement. However, Israeli officials denied a full pullback, maintaining control over key areas. This partial withdrawal was seen as insufficient for full market optimism.
Netanyahu vows Israeli forces will remain in southern Lebanon as long as Hezbollah threatens
August 31 dips to 4%3%
During a visit to troops in southern Lebanon, Netanyahu declared that Israeli forces would not withdraw as long as Hezbollah remains armed and a threat, reinforcing market skepticism about near-term withdrawal and causing price declines.
Israeli Defense Minister states no withdrawal from Lebanon despite US demands
July 31 drops to 6%8%
Israel's Defense Minister Israel Katz publicly declared that the military would not withdraw from Lebanon even if pressured by the US, signaling a firm stance against full withdrawal. This statement contributed to declining market confidence in a complete Israeli exit by the analyzed dates.
Israel Defense Minister states troops will remain in Lebanon until further notice
December 31 dips to 18%4%
Defense Minister Israel Katz declared that Israeli troops would remain in security zones in Lebanon until further notice to protect Israeli communities, signaling no imminent full withdrawal and reinforcing the conditional nature of any pullback. This statement further reduced market confidence in a near-term full withdrawal.
Israeli Defense Minister Katz declares troops will stay indefinitely in Lebanon
August 31 drops to 1%8%
Defense Minister Israel Katz publicly stated that Israeli forces would not withdraw from southern Lebanon despite US pressure, reinforcing the stance of a prolonged military presence and reducing market confidence in withdrawal by near-term deadlines.
Israeli Defense Minister Katz states forces will remain indefinitely in southern Lebanon
August 31 drops to 4%10%
Defense Minister Israel Katz publicly stated that Israeli forces would not withdraw from Lebanon under any circumstances, reinforcing the market's bearish view on withdrawal by July 31 and beyond.
US official confirms imminent IDF withdrawal from first pilot zone in Lebanon
July 31 dips to 1%1%
A US official indicated that Israeli troops would begin withdrawing from the first pilot zone in southern Lebanon within days, marking the start of the phased withdrawal process but without a full withdrawal timetable.
Israel captures strategic positions in southern Lebanon, signaling ongoing military presence
August 31 dips to 7%2%
Israeli forces advanced deeper into southern Lebanon, capturing key sites such as Beaufort Castle, indicating continued military control and reducing market confidence in a near-term full withdrawal.
Israeli Defense Minister Katz reiterates troops will remain in Lebanon until further notice
July 31 rises to 13%1%
Defense Minister Israel Katz stated that Israeli forces would remain in security zones in Lebanon indefinitely to protect Israeli residents, reinforcing the official stance against full withdrawal and maintaining low market confidence for near-term withdrawal.
Israeli opposition signals foreign policy change but not withdrawal from Lebanon
July 31 plunges to 1%22%
Israeli opposition parties indicated a change in foreign policy style but did not commit to withdrawing ground forces from Lebanon. This maintained market skepticism about a full withdrawal by July 31, contributing to further price declines.
Israeli Prime Minister Netanyahu reiterates no withdrawal while Hezbollah armed
December 31 dips to 23%4%
Netanyahu stated Israeli forces would remain in southern Lebanon as long as Hezbollah remains armed, reinforcing the conditional nature of withdrawal and contributing to market price declines.
Israeli Defence Minister Katz confirms indefinite troop presence in Lebanon
July 31 dips to 1%1%
Israel's Defence Minister reiterated that Israeli forces would remain indefinitely in Lebanon's security zones, reinforcing the market's low confidence in withdrawal by July 31 and beyond.
Netanyahu reaffirms Israeli military presence in Lebanon until Hezbollah disarmed
December 31 dips to 18%4%
Prime Minister Netanyahu visited IDF troops in southern Lebanon and declared Israeli forces would remain as long as necessary to counter Hezbollah, signaling no immediate full withdrawal and reinforcing market skepticism about a complete exit by the deadlines.
US official announces imminent IDF withdrawal from first pilot zone in Lebanon
August 31 dips to 5%2%
A US official indicated that Israeli troops would begin withdrawing from one of the pilot zones in the coming days, providing some progress but no fixed timetable, which led to modest market adjustments.
Israeli Defense Minister confirms forces will remain indefinitely in southern Lebanon security zones
December 31 dips to 20%2%
Defense Minister Israel Katz stated that Israeli forces would not withdraw from southern Lebanon and would remain indefinitely in security zones to protect against threats, dampening market expectations for a full withdrawal.
Netanyahu reaffirms Israeli forces will remain in southern Lebanon until Hezbollah disarmed
July 31 dips to 0%1%
Prime Minister Netanyahu visited IDF troops in southern Lebanon and stated that Israeli forces would stay in the security zone as long as Hezbollah remains a threat, signaling no full withdrawal in the near term and reinforcing market pessimism.
Netanyahu reaffirms Israeli forces will remain in southern Lebanon until Hezbollah threat eliminated
September 30 dips to 12%2%
Prime Minister Netanyahu visited IDF troops and stated forces would stay in the security zone as long as Hezbollah remains armed, reinforcing the stalemate and lowering market expectations for withdrawal.
US official announces imminent Israeli withdrawal from Lebanon pilot zones
August 31 dips to 7%1%
A US official indicated that Israeli troops would begin withdrawing from designated pilot zones in southern Lebanon within days, signaling partial implementation of the framework agreement. However, no timeline was given for full withdrawal, limiting market optimism.
US official announces imminent IDF withdrawal from Lebanon pilot zones
December 31 dips to 19%4%
A US official stated that Israeli troops would begin withdrawing from the first of two pilot zones in southern Lebanon in the coming days, marking the start of phased withdrawal under the framework agreement but without a full withdrawal timetable, maintaining cautious market sentiment.
US official says Israeli withdrawal from Lebanon pilot zones imminent
July 31 drops to 8%6%
A US official announced that Israeli forces would begin withdrawing from two pilot zones in southern Lebanon in the coming days, with the Lebanese army deploying to the vacated areas. This raised hopes for progress but was conditional and partial, limiting market gains.
US official announces imminent Israeli withdrawal from pilot zones
September 30 rises to 8%2%
A US official stated that Israeli troops would begin withdrawing from the first of two pilot zones in southern Lebanon within days, signaling initial implementation of the June framework but with no timetable for full withdrawal, causing minor market fluctuations.
Netanyahu reaffirms Israeli forces will remain in southern Lebanon until Hezbollah disarms
December 31 dips to 20%2%
In early July, Netanyahu visited IDF troops in southern Lebanon and stated that Israeli forces would stay in the security zone as long as Hezbollah posed a threat, signaling no immediate full withdrawal and dampening market expectations.
US official indicates imminent IDF withdrawal from first pilot zone
July 31 dips to 1%1%
A US official stated that Israeli troops would begin withdrawing from the first pilot zone in southern Lebanon in the coming days, signaling progress but no firm timeline, which kept market expectations low for full withdrawal by July 31.
US official announces imminent IDF withdrawal from first pilot zone in southern Lebanon
September 30 dips to 11%1%
A US official indicated that Israeli troops would begin withdrawing from the first of two pilot zones in southern Lebanon in the coming days, signaling progress in implementing the framework agreement but without a clear timeline for full withdrawal, which kept market confidence low.
Netanyahu visits Israeli troops in southern Lebanon, vows to remain until Hezbollah disarmed
July 31 plunges to 1%15%
Prime Minister Netanyahu visited Israeli forces in southern Lebanon and declared that Israel would not withdraw as long as Hezbollah remains a threat, reinforcing the market's view that a full withdrawal is unlikely soon.
Katz says Israel will not withdraw from Lebanon even if the US presses it
July 31 dips to 1%1%
Katz, speaking at a conference, again dismissed any US pressure to withdraw, reinforcing market belief that even the earliest July deadline was unattainable, cementing the 1 % price for July‑31 by July 4.
Netanyahu reaffirms Israeli forces will remain in southern Lebanon until Hezbollah disarmed
August 31 dips to 1%2%
Prime Minister Netanyahu visited IDF troops in southern Lebanon and stated Israeli forces would stay as long as necessary to counter Hezbollah, signaling no imminent full withdrawal and reinforcing market pessimism about a complete exit by August or September.
US official says IDF withdrawal from Lebanon pilot zones imminent
September 30 dips to 4%2%
A US official indicated that Israeli Defense Forces would begin withdrawing from the first of two pilot zones in southern Lebanon in the coming days, signaling progress in the framework agreement but without a fixed timeline, maintaining cautious market sentiment.
Israeli Defense Minister Katz publicly states no withdrawal from southern Lebanon despite US pressure
December 31 drops to 16%7%
Defense Minister Israel Katz declared that Israeli forces would not withdraw from southern Lebanon even if the US demanded it, reinforcing the market's bearish view on withdrawal prospects and causing a significant drop in market prices for withdrawal by end of 2026.
Israel rules out timetable for withdrawal, insists on Hezbollah disarmament first
December 31 drops to 23%7%
Israeli officials publicly stated there was no set timetable for withdrawal from Lebanon and that Israeli forces would remain until Hezbollah is disarmed. This hardened stance reduced market confidence in near-term withdrawal.
Israeli Defense Minister states forces will remain indefinitely in southern Lebanon security zones
July 31 drops to 2%14%
Israel's Defense Minister Israel Katz publicly rejected pressure to withdraw, stating Israeli forces will stay indefinitely in southern Lebanon's security zones, citing ongoing Hezbollah threats. This statement reinforced market expectations of no full withdrawal by the analyzed dates, reflected in low market prices.
Netanyahu publicly rules out immediate withdrawal from Lebanon
December 31 drops to 12%13%
Prime Minister Netanyahu declared Israeli forces would remain in southern Lebanon indefinitely, rejecting any immediate withdrawal. This statement further lowered market expectations for withdrawal by June 30 and subsequent dates.
Netanyahu publicly declares Israeli forces will remain in Lebanon security buffer zone
September 30 plunges to 12%31%
Prime Minister Netanyahu announced that Israeli forces would stay in the Lebanon security buffer zone for as long as necessary, signaling no imminent full withdrawal and reinforcing skepticism about withdrawal by upcoming dates.
Israel announces pilot zone withdrawals to begin soon
December 31 drops to 15%5%
A US official stated that Israeli troops would begin withdrawing from the first of two pilot zones in southern Lebanon in the coming days, signaling initial implementation of the framework agreement but with no clear timeline for full withdrawal, keeping market expectations low.
Israel Defense Minister vows to maintain military presence in southern Lebanon
August 31 dips to 4%4%
Defense Minister Israel Katz declared that Israeli forces would remain indefinitely in southern Lebanon, rejecting any immediate withdrawal despite international pressure and ceasefire agreements. This hardened stance further decreased market optimism for withdrawal by the end of 2026.
Netanyahu publicly states Israeli forces will remain in Lebanon security buffer zone indefinitely
September 30 dips to 11%2%
Prime Minister Netanyahu declared that Israeli troops would stay in southern Lebanon 'for as long as necessary,' rejecting any immediate withdrawal despite ongoing peace talks. This hardened market skepticism about a full withdrawal by the end of 2026, causing a price drop.
US official announces imminent Israeli withdrawal from pilot zones in Lebanon
July 31 drops to 5%6%
A US official stated that Israeli troops would begin withdrawing from the first of two pilot zones in southern Lebanon within days, as part of the framework agreement. This raised market hopes for progress but did not indicate a full withdrawal, leading to modest price movements.
Israel conducts 41 strikes in Lebanon, killing 23
Israel launched a major air‑strike campaign (41 strikes, 23 killed) in southern Lebanon, signaling escalation and further diminishing market expectations for a near‑term withdrawal.
Israeli military strikes kill civilians in southern Lebanon amid ongoing conflict
December 31 drops to 12%12%
Israeli strikes in southern Lebanon killed civilians and prompted evacuation orders, indicating continued Israeli military presence and operations rather than withdrawal, which further reduced market confidence in a full withdrawal by June 30.
Israeli Defense Minister Katz confirms no withdrawal from Lebanon despite US pressure
August 31 plunges to 3%26%
Defense Minister Israel Katz publicly stated that the Israeli army would not withdraw from southern Lebanon, reinforcing the position that no withdrawal announcement would occur soon. This statement strongly influenced market expectations toward a 'No' outcome.
Israeli Defense Minister Katz states no withdrawal from Lebanon despite US demands
December 31 drops to 17%8%
Defense Minister Israel Katz publicly declared that Israeli forces would not withdraw from southern Lebanon even if pressured by the US, dampening market expectations for withdrawal by June 30 and beyond.
Israeli Prime Minister Netanyahu rules out immediate withdrawal from Lebanon
December 31 drops to 16%7%
Netanyahu publicly stated that Israeli forces would remain in southern Lebanon indefinitely, rejecting any immediate withdrawal despite ceasefire agreements, significantly lowering market confidence in near-term withdrawal.
Israel rules out full withdrawal timetable amid ongoing talks
September 30 drops to 8%6%
Israeli officials declared no timetable for withdrawal from Lebanon, emphasizing security concerns and the need for Hezbollah disarmament, which dampened market optimism for near-term withdrawal.
Hezbollah rejects U.S.-brokered Israel-Lebanon withdrawal framework
December 31 drops to 23%7%
Hezbollah declared the framework agreement null and void, vowing to continue armed resistance and rejecting any linkage between Israeli withdrawal and Hezbollah disarmament. This rejection complicated peace efforts and reduced market confidence in withdrawal.
Partial IDF withdrawal begins under trilateral framework amid Hezbollah protests
July 31 dips to 1%2%
The phased withdrawal of Israeli forces from designated pilot zones in southern Lebanon commenced as per the trilateral agreement, but the majority of Israeli forces remained, and Hezbollah protested the deal, maintaining tensions and uncertainty about full withdrawal timelines.
Iran urges US to set timetable for Israel's unconditional withdrawal from Lebanon
August 31 dips to 8%1%
Iran called on the US to establish a clear schedule for Israel's unconditional withdrawal from Lebanese territories, emphasizing that ending occupation is essential for regional stability, increasing geopolitical pressure but not altering Israel's stance.
Israel destroys Hezbollah tunnel in southern Lebanon despite ceasefire framework
December 31 drops to 25%9%
Israel conducted a major military strike destroying a Hezbollah tunnel in southern Lebanon, signaling ongoing hostilities despite the recent ceasefire framework. This action underscored the fragility of the agreement and reduced market confidence in a full withdrawal by the dates.
Hezbollah rejects US-brokered withdrawal deal, calls for Israeli withdrawal first
August 31 dips to 3%4%
Hezbollah rejected the framework agreement and demanded full Israeli withdrawal before disarming, maintaining opposition to the deal and contributing to ongoing conflict and market skepticism about withdrawal timelines.
Israeli military triggers huge explosion in southern Lebanon
The Israeli military triggered a massive explosion in southern Lebanon, escalating tensions and indicating ongoing military presence. This action further reduced market confidence in a timely Israeli withdrawal from Lebanon.
Hezbollah rejects US-brokered ceasefire deal without Israeli withdrawal
December 31 drops to 18%5%
On June 29, 2026, Hezbollah publicly rejected any ceasefire deal that did not include a full Israeli withdrawal from Lebanese territory. This stance, combined with ongoing Israeli strikes, indicated continued conflict and diminished prospects for a near-term full withdrawal, negatively impacting market sentiment.
Israel triggers huge explosion destroying Hezbollah tunnel in southern Lebanon
August 31 drops to 16%13%
Despite the US-mediated ceasefire framework, Israel conducted a massive explosion destroying a Hezbollah tunnel in southern Lebanon, signaling ongoing hostilities and undermining confidence in a swift Israeli withdrawal.
Israel conducts drone strike in southern Lebanon despite ceasefire framework
Israel carried out a drone strike targeting a threat in southern Lebanon, demonstrating ongoing military operations despite the framework agreement, which undermined confidence in a full withdrawal and contributed to market price declines.
Lebanese President urges US to ensure Israeli withdrawal from southern Lebanon
December 31 dips to 22%3%
Lebanese President Joseph Aoun called on the US to support the framework agreement's implementation and press Israel to withdraw from occupied territories to enable Lebanese army deployment. This highlighted ongoing diplomatic efforts but also the challenges in achieving full withdrawal, sustaining market uncertainty.
Lebanon's parliament speaker says Israel-Lebanon deal 'will not pass'
Lebanese political opposition to the framework agreement grew, with the parliament speaker publicly rejecting the deal. This political resistance signaled challenges to the agreement's implementation and diminished prospects for Israeli withdrawal, contributing to market declines.
Israel conditions further withdrawals on Hezbollah disarmament, IDF demolishes Hezbollah tunnel
December 31 dips to 18%4%
Israeli officials emphasized that future withdrawals depend on verifiable disarmament of Hezbollah. The IDF demolished a major Hezbollah tunnel in southern Lebanon, signaling ongoing military operations and security concerns that limit withdrawal prospects.
Netanyahu confirms recognition of Israeli security zones in Lebanon under agreement
December 31 drops to 21%7%
Israeli Prime Minister Netanyahu publicly acknowledged the agreement and showed maps of the two pilot zones Israel would eventually hand over to the Lebanese army, while maintaining an expanded security zone. This tempered market expectations for a full withdrawal.
Lebanese President urges U.S. to ensure Israeli withdrawal from southern Lebanon
December 31 dips to 25%1%
Lebanese President Joseph Aoun called on the United States to press Israel to comply with the framework agreement and withdraw from occupied territories to allow Lebanese Armed Forces deployment. This highlighted ongoing concerns about Israel's commitment and contributed to market doubts about timely withdrawal.
Hezbollah rejects US-brokered security agreement, calling it a surrender to Israel
December 31 dips to 20%4%
Hezbollah leader Naim Qassem rejected the framework agreement signed by Israel and Lebanon, undermining prospects for a comprehensive peace and full Israeli withdrawal, which contributed to market skepticism about withdrawal by year-end.
Lebanese officials and public express skepticism and criticism of partial withdrawal deal
December 31 dips to 22%1%
Following the framework agreement, Lebanese leaders described it as a first step toward restoring sovereignty but critics and protesters, including Hezbollah supporters, criticized the deal for not forcing a full Israeli withdrawal. This ongoing skepticism contributed to further market declines in the probability of full withdrawal by the earlier dates.
UNIFIL notes brief pause in Israeli artillery, troops stay in place
UNIFIL reported a temporary pause in Israeli artillery fire, but Israeli forces remained on the ground, leading to a marginal price dip as traders briefly hoped for de‑escalation.
Israel strikes southern Lebanon testing days-old peace deal
Israel conducted airstrikes in southern Lebanon shortly after the framework agreement, signaling ongoing military presence and conflict despite the deal, which undermined confidence in a full withdrawal by the end of the year.
Israel conducts airstrikes in southern Lebanon despite recent withdrawal deal
August 31 dips to 8%1%
Israeli military strikes in southern Lebanon shortly after the framework agreement raised doubts about the durability of the deal and reduced market confidence in a full withdrawal by the end of August.
Israeli military continues strikes in Lebanon despite withdrawal agreement
Following the framework agreement, Israeli forces continued military operations in southern Lebanon, including airstrikes, signaling that a full withdrawal was not imminent and maintaining pressure on Hezbollah. This ongoing conflict contributed to the market's low confidence in a complete withdrawal by the near-term dates.
Israel conducts drone strike in southern Lebanon after framework agreement
December 31 dips to 21%1%
Despite the framework agreement, Israel carried out a drone strike targeting a threat to its forces in southern Lebanon, signaling ongoing military operations and limiting confidence in a full withdrawal by early dates.
Israel destroys Hezbollah tunnel in southern Lebanon
December 31 dips to 28%1%
Israeli military destroyed a Hezbollah tunnel in Majdal Zoun, signaling ongoing military operations and complicating prospects for withdrawal, contributing to market declines in withdrawal probability.
Netanyahu outlines areas for IDF withdrawal under US-mediated agreement
December 31 dips to 21%3%
Prime Minister Netanyahu publicly identified the two pilot zones for Israeli withdrawal in southern Lebanon, emphasizing that the IDF would only leave sites it 'does not need' and that withdrawal was contingent on Hezbollah disarmament, signaling a conditional and limited pullback.
Lebanese government leaders call framework agreement a first step toward restoring sovereignty amid protests
December 31 dips to 21%2%
Lebanese Prime Minister and President publicly endorsed the framework agreement as a step toward Israeli withdrawal and Lebanese sovereignty, but the deal faced criticism and protests, especially from Hezbollah supporters, reflecting ongoing tensions and uncertainty about full Israeli withdrawal.
Hezbollah rejects Israel-Lebanon framework agreement, calls it a capitulation
December 31 drops to 28%8%
Hezbollah publicly rejected the framework agreement, criticizing it as a surrender of Lebanese sovereignty and opposing the disarmament condition. This rejection raised doubts about the agreement's implementation and the likelihood of Israeli withdrawal.
Netanyahu emphasizes Israeli forces will remain in southern Lebanon as long as necessary
December 31 drops to 23%8%
Following the framework agreement, Israeli Prime Minister Netanyahu stated that Israeli forces would remain in southern Lebanon 'for as long as necessary' to protect northern Israeli communities until the Hezbollah threat is eliminated. This statement reinforced market skepticism about a full withdrawal by the earlier dates.
Hezbollah rejects Israel-Lebanon withdrawal framework, protests erupt in Lebanon
December 31 drops to 22%12%
Hezbollah rejected the US-brokered framework linking Israeli withdrawal to its disarmament, leading to protests in Lebanon and casting doubt on the deal's effectiveness in prompting Israeli withdrawal, contributing to market pessimism.
Netanyahu presents areas for IDF withdrawal as part of US-mediated agreement
December 31 drops to 24%10%
Prime Minister Netanyahu publicly pointed to areas where the IDF would withdraw as part of the US-mediated framework agreement, signaling the start of a phased, conditions-based withdrawal process rather than an immediate full withdrawal.
Lebanese government commits to implementing framework agreement, calls for full Israeli withdrawal
December 31 dips to 22%2%
Following the June 26 agreement, Lebanese officials including Prime Minister Nawaf Salam and President Joseph Aoun expressed commitment to the agreement as a first step toward restoring sovereignty and called on the US to ensure Israel fulfills its withdrawal commitments. Hezbollah rejected the deal, maintaining demands for unconditional Israeli withdrawal, sustaining tensions and uncertainty about full withdrawal.
Hezbollah rejects disarmament-linked withdrawal framework
September 30 plunges to 13%30%
Hezbollah publicly rejected the framework agreement linking Israeli withdrawal to Hezbollah's disarmament, calling it a humiliation. This rejection maintained the status quo of Israeli military presence, further reducing market confidence in full withdrawal by the specified dates.
Agreement conditions Israeli withdrawal on Hezbollah disarmament
September 30 plunges to 22%21%
The signed framework stipulated that Israeli forces would only withdraw from areas where the Lebanese army had disarmed Hezbollah, making full withdrawal contingent on a difficult condition. This increased market doubts about a complete withdrawal by the deadlines.
Netanyahu confirms IDF will remain in southern Lebanon areas
July 31 plunges to 8%15%
Prime Minister Netanyahu stated that Israeli forces would stay in southern Lebanon 'for as long as necessary' to protect northern Israel from Hezbollah, signaling no immediate full withdrawal and reinforcing market skepticism.
Israeli Defense Minister Katz states forces will not withdraw despite US demands
July 31 drops to 16%7%
Israeli Defense Minister Israel Katz declared that Israeli forces would remain in southern Lebanon indefinitely, rejecting US pressure to withdraw. This statement reinforced market skepticism about withdrawal by July 31, contributing to price declines.
Iran-linked outlet demands full Israeli withdrawal from Lebanon
December 31 dips to 21%4%
Iranian media linked ceasefire talks to demands for full Israeli withdrawal, reinforcing regional tensions and reducing market optimism about withdrawal prospects.
Hezbollah rejects disarmament-linked Israeli withdrawal framework agreement
Hezbollah rejected the US-brokered framework agreement linking Israeli withdrawal to Hezbollah disarmament, calling it a humiliation and dangerous, leading to protests and continued tensions, which kept market prices for withdrawal very low.
Hezbollah and Lebanese public criticize framework agreement with Israel
Following the signing of the framework agreement, Hezbollah rejected the deal and protests erupted in Lebanon, reflecting internal opposition and uncertainty about the implementation of Israeli withdrawal, which kept market confidence low.
Israel strikes southern Lebanon as Hezbollah condemns new deal
Following the signing of the framework agreement, Israel conducted airstrikes in southern Lebanon, killing at least one person. Hezbollah condemned the new deal, indicating ongoing conflict and reducing confidence in a full Israeli withdrawal, which pressured market prices downward.
Israeli drone strike hits target in southern Lebanon after framework signing
July 31 dips to 9%1%
Despite the framework, Israeli forces conducted a drone strike the same day, signalling that a full withdrawal was not imminent and keeping market sentiment firmly “No”.
Israeli officials clarify withdrawal limited to two pilot zones, maintaining broader security presence
December 31 drops to 27%5%
Israeli officials emphasized the withdrawal was symbolic and limited, with security concerns and Hezbollah disarmament as preconditions for further pullback. This reinforced market skepticism about full withdrawal by year-end.
Hezbollah and Lebanese political actors condemn Israel-Lebanon framework agreement
December 31 drops to 22%6%
Hezbollah and many Lebanese political groups rejected the framework agreement, calling it humiliating and a surrender of sovereignty, increasing political tensions and uncertainty about the withdrawal's implementation, negatively impacting market confidence.
Israeli forces to withdraw from Lebanon pilot zones in coming days, US official says
August 31 plunges to 14%15%
A US official indicated that Israeli troops would begin withdrawing from the first of two pilot zones in southern Lebanon soon, though no exact timeline was given. This tentative progress led to modest market adjustments.
Hezbollah rejects US-brokered Israel-Lebanon framework agreement
July 31 plunges to 1%15%
Hezbollah condemned the framework agreement as humiliating and a surrender of sovereignty, rejecting the deal and undermining prospects for a full Israeli withdrawal. This rejection contributed to further market price declines.
Israeli forces conduct drone strike in southern Lebanon despite withdrawal agreement
August 31 drops to 16%13%
Following the framework agreement, Israeli forces carried out a drone strike targeting a perceived threat, signaling ongoing military operations and undermining confidence in a full withdrawal. This action contributed to further market declines in withdrawal probabilities.
Netanyahu emphasizes conditional withdrawal tied to Hezbollah disarmament
December 31 drops to 25%6%
Following the agreement, Israeli Prime Minister Benjamin Netanyahu stated that Israel would maintain a security zone in southern Lebanon and only withdraw fully after Hezbollah is disarmed. This stance indicated that a full withdrawal was unlikely in the near term, further reducing market confidence in a complete withdrawal by the specified dates.
Hezbollah rejects US-brokered Israel-Lebanon withdrawal agreement
December 31 dips to 25%2%
Hezbollah condemned the framework agreement as a surrender and nullified it, opposing the condition linking Israeli withdrawal to Hezbollah's disarmament. This rejection undermined prospects for a full withdrawal and contributed to market price declines.
Netanyahu confirms partial withdrawal from Lebanon pilot zones
Prime Minister Netanyahu publicly confirmed the partial withdrawal from two pilot zones in southern Lebanon as part of the US-mediated agreement, emphasizing that Israeli forces would remain in much of southern Lebanon. This reinforced market skepticism about a full withdrawal by the near-term dates.
Israeli Defense Minister orders forces to prepare for extended stay in southern Lebanon
December 31 drops to 22%6%
Following the framework agreement, Israeli Defense Minister Israel Katz ordered Israeli forces to prepare for an extended stay in the security zone up to 10 km inside Lebanese territory, reinforcing the message that a full withdrawal was not imminent and depressing market prices for withdrawal by all dates.
Israeli officials clarify withdrawal tied to Hezbollah disarmament, no fixed timetable
December 31 dips to 27%3%
Israeli Ambassador Yechiel Leiter stated that the IDF withdrawal is performance-based and contingent on Hezbollah's disarmament, with no fixed timetable. This tempered market expectations for a swift full withdrawal and contributed to price declines across all outcomes.
Netanyahu details areas of IDF withdrawal in southern Lebanon
December 31 drops to 22%6%
Prime Minister Netanyahu publicly pointed out the specific areas from which the IDF would withdraw as part of the US-mediated agreement, reinforcing that the withdrawal was partial and contingent on Hezbollah disarmament, which tempered market optimism for a full withdrawal.
Israeli Prime Minister Netanyahu confirms IDF withdrawal from two pilot zones in Lebanon
August 31 plunges to 14%15%
Netanyahu stated Israeli forces would leave areas they do not need in Lebanon as part of the agreement, but maintained that IDF would remain in other occupied areas, indicating a partial and conditional withdrawal.
US official announces imminent IDF withdrawal from first pilot zone in southern Lebanon
July 31 drops to 13%10%
A US official indicated that Israeli troops would begin withdrawing from the first pilot zone in the coming days, but no exact timeline was given, reflecting the gradual and uncertain nature of the withdrawal process.
Israel agrees to partial withdrawal from two pilot zones in southern Lebanon
September 30 drops to 16%6%
Following the framework agreement, Israel agreed to withdraw from two pilot zones in southern Lebanon, with Lebanese forces to replace them, but Hezbollah rejected the deal, maintaining tensions and limiting market optimism.
Israeli officials clarify withdrawal only after Hezbollah disarmament in pilot zones
August 31 plunges to 14%15%
The agreement text revealed Israeli forces would withdraw only from areas where the Lebanese military has disarmed Hezbollah, creating a conditional and phased withdrawal process that dampened market optimism for early full withdrawal.
Netanyahu presents map of partial IDF withdrawal areas in Lebanon
December 31 drops to 28%10%
Prime Minister Netanyahu publicly pointed out the limited areas from which Israeli forces would withdraw, emphasizing that the IDF would remain in other parts of southern Lebanon, reinforcing the partial nature of the withdrawal.
Netanyahu clarifies Israel will maintain security zone in Lebanon
December 31 plunges to 23%16%
Following the framework agreement, Israeli Prime Minister Netanyahu stated that Israeli forces would remain in a security zone in southern Lebanon as long as Hezbollah remains armed, signaling that a full withdrawal was not imminent. This statement reinforced market skepticism about a complete withdrawal by the end of 2026, contributing to further price declines.
Netanyahu confirms IDF will withdraw from two pilot zones in southern Lebanon
August 31 drops to 9%5%
Prime Minister Netanyahu publicly pointed to areas where Israeli forces would withdraw as part of the US-mediated agreement, signaling progress but emphasizing limited scope and conditionality, which moderated market optimism.
Israel to withdraw from Lebanon only after Hezbollah disarmed, deal says
December 31 dips to 21%1%
The agreement text revealed that Israeli withdrawal is conditional on the Lebanese military proving Hezbollah's disarmament and dismantling its infrastructure, tempering expectations for a full withdrawal and impacting market optimism.
IDF to begin withdrawal from two pilot zones in southern Lebanon in coming days
December 31 dips to 27%2%
Following the framework agreement, Israeli forces prepared to withdraw from two pilot zones in southern Lebanon, though no exact timeline was given. This partial withdrawal plan maintained Israeli control over much of southern Lebanon, limiting market optimism for full withdrawal.
IDF Chief of Staff approves plans for partial withdrawal from Lebanon pilot zones
December 31 dips to 23%3%
Following the framework agreement, Israeli military leadership prepared for phased withdrawals from designated pilot zones, signaling initial implementation steps and causing modest market adjustments.
Israeli forces to withdraw from Lebanon pilot zones in coming days, US official says
December 31 drops to 27%5%
A US official indicated that the withdrawal of Israeli troops from the first of two pilot zones in southern Lebanon was imminent, signaling progress in implementing the framework agreement but without a fixed timeline for full withdrawal. This maintained cautious market optimism for partial withdrawal but skepticism for full withdrawal.
Prime Minister Netanyahu confirms Israel will remain in southern Lebanon until Hezbollah disarmed
Netanyahu stated Israeli forces would stay in the security zone in southern Lebanon until Hezbollah's military capabilities are dismantled, signaling no immediate full withdrawal and reinforcing market skepticism about near-term exit.
Agreement ties Israeli withdrawal to Hezbollah disarmament, creating deadlock
July 31 drops to 14%9%
The framework agreement stipulated that Israeli forces would only withdraw after the Lebanese military disarmed Hezbollah, a condition Hezbollah rejected, leading to a stalemate and dampening market optimism for withdrawal by early dates.
Hezbollah chief declares Lebanon-Israel agreement null and vows continued resistance
December 31 drops to 28%10%
Hezbollah leader Qassem rejected the June 26 agreement as legitimizing Israeli occupation and vowed to continue armed resistance until full Israeli withdrawal, undermining prospects for swift Israeli exit and contributing to market price declines.
Israeli Prime Minister Netanyahu affirms troops will remain in southern Lebanon until Hezbollah disarms
September 30 plunges to 22%21%
Netanyahu publicly stated that Israeli forces would stay in the security zone in southern Lebanon as long as Hezbollah remains armed, signaling no immediate full withdrawal and reinforcing market skepticism about the September 30 and December 31 outcomes.
Netanyahu points to areas for IDF withdrawal under US-mediated agreement
December 31 dips to 23%1%
At a press conference, Netanyahu highlighted the specific zones in southern Lebanon from which Israeli forces would withdraw, reinforcing the phased nature of the withdrawal and maintaining Israeli control elsewhere, which tempered market optimism.
Netanyahu holds press conference pointing to areas of planned IDF withdrawal
December 31 dips to 28%2%
Prime Minister Netanyahu publicly identified the two pilot zones for withdrawal and emphasized that Israeli forces would leave only sites they "do not need," signaling a limited and controlled pullback rather than full withdrawal, which tempered market optimism.
Netanyahu clarifies withdrawal limited to areas IDF 'does not need'
August 31 plunges to 11%18%
Prime Minister Netanyahu stated that Israeli forces would withdraw only from areas they do not need, emphasizing continued military presence in southern Lebanon. This reinforced market skepticism about a full withdrawal by the end of August or September.
Agreement conditions Israeli withdrawal on Hezbollah disarmament
December 31 dips to 28%1%
The signed agreement stipulated that Israeli forces would only withdraw from southern Lebanon areas where the Lebanese military has disarmed Hezbollah and dismantled its infrastructure, tempering market expectations for a swift withdrawal.
IDF announces imminent withdrawal from first pilot zones in southern Lebanon
December 31 dips to 28%1%
Following the framework agreement, Israeli officials announced that IDF troops would begin withdrawing from designated pilot zones in southern Lebanon within days. This operational step reinforced the partial withdrawal plan but lacked a clear timeline for full withdrawal, tempering market enthusiasm.
Israeli officials clarify withdrawal contingent on Hezbollah disarmament
December 31 dips to 26%2%
Israeli officials stated that withdrawal from southern Lebanon would only occur after the Lebanese military disarms Hezbollah and dismantles its infrastructure. This conditionality signaled that withdrawal was not imminent, tempering market optimism about near-term full withdrawal.
Netanyahu details areas of partial IDF withdrawal under US-mediated deal
December 31 dips to 26%2%
Prime Minister Netanyahu publicly identified the two pilot zones north and south of the Litani River from which Israeli forces would withdraw, emphasizing the withdrawals were from areas the IDF 'does not need.' This clarified the limited scope of withdrawal and tempered market expectations for a full withdrawal soon.
Netanyahu clarifies withdrawal limited to areas IDF 'does not need' in Lebanon
December 31 dips to 24%1%
Prime Minister Netanyahu stated that Israeli forces would withdraw only from areas they do not need, emphasizing that the withdrawal was symbolic and limited, which tempered market expectations for a full withdrawal by the near-term dates.
Netanyahu and Israeli officials affirm no full withdrawal without Hezbollah disarmament
December 31 drops to 17%6%
Israeli Prime Minister Netanyahu and Defense Minister Katz publicly stated that Israeli forces would remain in southern Lebanon as long as Hezbollah remains armed, rejecting any immediate or unconditional withdrawal. This hardened stance reduced market confidence in withdrawal by near-term dates.
Israeli Prime Minister Netanyahu clarifies withdrawal limited to areas IDF 'does not need'
December 31 dips to 24%1%
Netanyahu stated that Israeli forces would withdraw only from areas they do not need, emphasizing that Israel would maintain military presence in much of southern Lebanon until Hezbollah is disarmed, tempering market expectations for full withdrawal.
Israeli Defense Minister Katz states no withdrawal from southern Lebanon despite US demands
December 31 drops to 18%6%
Defense Minister Israel Katz publicly declared that Israeli troops would not withdraw from southern Lebanon even if the US demanded it, reinforcing the stance of continued occupation and reducing market confidence in near-term withdrawal.
Netanyahu confirms partial Israeli withdrawal from Lebanon pilot zones
December 31 dips to 21%3%
Prime Minister Netanyahu publicly pointed to areas where the IDF would withdraw as part of the US-mediated agreement, signaling progress in implementation and temporarily boosting market confidence in a withdrawal.
Hezbollah rejects Lebanon-Israel agreement, vows continued resistance
December 31 drops to 21%13%
Hezbollah declared the US-brokered agreement null and void, rejecting any linkage between Israeli withdrawal and Hezbollah disarmament, and vowed to continue armed resistance. This stance undermined confidence in a swift Israeli withdrawal, leading to a sharp market price decline.
Netanyahu confirms Israeli forces to remain in southern Lebanon security zone
December 31 dips to 23%4%
Prime Minister Netanyahu stated that Israeli forces would remain in the security zone in southern Lebanon as long as Hezbollah is not disarmed, signaling no immediate full withdrawal and tempering market optimism about near-term exit.
Agreement ties Israeli withdrawal to Hezbollah disarmament in pilot zones
December 31 dips to 22%1%
The deal specified that Israeli forces would only withdraw from areas where the Lebanese military had disarmed Hezbollah, making full withdrawal contingent on difficult conditions and reducing market confidence in a complete withdrawal by the deadlines.
Israeli Prime Minister Netanyahu vows to maintain occupation in southern Lebanon
December 31 dips to 17%4%
Netanyahu publicly declared on June 27 that Israeli forces would remain in southern Lebanon indefinitely, rejecting withdrawal despite the framework agreement. This statement sharply lowered market confidence in withdrawal by year-end.
US official confirms imminent IDF withdrawal from first pilot zone in southern Lebanon
December 31 dips to 23%2%
A US official stated that Israeli forces would begin withdrawing from the first of two pilot zones in southern Lebanon in the coming days, reinforcing the partial withdrawal framework but with no clear timeline for full withdrawal, maintaining market skepticism.
Netanyahu affirms Israel will maintain security zone until Hezbollah threat cleared
December 31 drops to 22%9%
Prime Minister Netanyahu publicly stated Israel will hold its military presence in southern Lebanon as long as Hezbollah remains armed, signaling no full withdrawal without disarmament. This hardened stance reduced market confidence in a full withdrawal by the end of 2026.
US official confirms imminent Israeli withdrawal from pilot zones in Lebanon
December 31 dips to 21%1%
A US official stated that Israeli troops would begin withdrawing from the first of two pilot zones in southern Lebanon in the coming days, signaling initial implementation of the June 26 agreement. However, no exact timeline was given, maintaining some market uncertainty.
US official confirms Israeli withdrawal from first pilot zone in southern Lebanon imminent
August 31 drops to 1%8%
A US official announced that Israel would begin withdrawing from the first of two pilot zones in southern Lebanon within days, marking the start of phased implementation of the framework agreement and raising hopes for progress despite no full withdrawal yet.
US official announces imminent IDF withdrawal from Lebanon pilot zones
August 31 drops to 1%8%
A US official stated that Israeli forces would begin withdrawing from the first of two pilot zones in southern Lebanon in the coming days, signaling initial implementation of the June 26 agreement and briefly supporting market optimism for partial withdrawal.
IDF withdrawal from Lebanon pilot zones expected in coming days
December 31 dips to 23%4%
A US official announced that Israeli troops would begin withdrawing from the first of two pilot zones in southern Lebanon soon, confirming the partial nature of the withdrawal and maintaining uncertainty about a full withdrawal timeline, which kept market prices low.
Netanyahu confirms Israel to hold security zone until Hezbollah disarmed
December 31 dips to 24%4%
Prime Minister Netanyahu stated that Israel would maintain its military presence in southern Lebanon as long as Hezbollah remains a threat, signaling no immediate full withdrawal and reinforcing market skepticism.
Netanyahu publicly states Israeli forces will remain in Lebanon until Hezbollah is disarmed
December 31 dips to 23%4%
Prime Minister Netanyahu emphasized that Israeli troops would stay in southern Lebanon indefinitely until Hezbollah is disarmed, signaling no imminent full withdrawal and dampening market expectations for near-term exit.
Netanyahu declares Israeli forces will remain in southern Lebanon indefinitely
December 31 drops to 12%12%
Prime Minister Netanyahu publicly declared that Israeli ground forces would stay in southern Lebanon indefinitely, rejecting any pre-condition of withdrawal. This statement reinforced market skepticism about a full withdrawal by the end of 2026, pushing prices lower.
Hezbollah leader rejects Lebanon-Israel agreement, vows continued resistance
December 31 drops to 23%5%
Hezbollah's leader declared the US-brokered agreement null and void, rejecting any linkage between Israeli withdrawal and Hezbollah disarmament, signaling ongoing conflict and reducing market confidence in withdrawal.
US official says IDF troops to withdraw from Lebanon pilot zones in coming days
August 31 dips to 7%2%
A US official announced that Israeli troops would begin withdrawing from the first of two pilot zones in southern Lebanon in the coming days, signaling initial implementation of the framework agreement but with no clear timeline for full withdrawal.
Netanyahu affirms Israel will remain in southern Lebanon security zone despite partial withdrawal
December 31 dips to 23%2%
Prime Minister Netanyahu stated that Israeli forces would stay in the security zone in southern Lebanon as long as Hezbollah remains armed, signaling that the withdrawal would be limited and conditional, which contributed to further market price declines.
Netanyahu and Israeli officials emphasize no full withdrawal soon, retain security buffer
December 31 dips to 23%4%
Prime Minister Netanyahu described the agreement as a major win allowing Israel to remain in much of southern Lebanon, holding territory as long as Hezbollah is not disarmed. Israeli officials emphasized retention of a security buffer zone, dampening expectations for a near-term full withdrawal and causing market declines.
Netanyahu publicly declares Israeli forces will remain in Lebanon indefinitely
August 31 plunges to 9%20%
Prime Minister Netanyahu announced Israeli troops would stay in southern Lebanon 'as long as necessary,' rejecting immediate withdrawal despite ceasefire agreements. This statement sharply lowered market odds for withdrawal by all dates.
US official announces imminent Israeli withdrawal from Lebanon pilot zones
December 31 drops to 22%9%
A US official stated that Israeli troops would begin withdrawing from the first of two pilot zones in southern Lebanon in the coming days, signaling initial implementation of the June framework agreement but without a clear timeline for full withdrawal.
Netanyahu affirms Israeli forces to remain in southern Lebanon security zone
December 31 dips to 23%2%
Following the framework agreement, Netanyahu stated Israeli forces would stay in the security zone as long as Hezbollah remains armed, signaling no immediate full withdrawal and tempering market expectations.
Netanyahu describes partial withdrawal deal as major win, ties withdrawal to Hezbollah disarmament
December 31 dips to 23%2%
Prime Minister Netanyahu framed the agreement as a strategic victory allowing Israel to retain much of southern Lebanon until Hezbollah is disarmed, signaling no immediate full withdrawal. This tempered market expectations for a complete pullout by year-end.
Netanyahu outlines areas of IDF withdrawal in southern Lebanon
December 31 dips to 23%2%
Prime Minister Netanyahu detailed the withdrawal zones north and south of the Litani River, emphasizing Israel's retention of much territory and linking withdrawal to Hezbollah disarmament, which tempered market optimism.
Netanyahu confirms partial withdrawal from sites Israel 'does not need' in Lebanon
December 31 drops to 23%5%
Prime Minister Netanyahu stated Israeli forces would pull back from certain areas north and south of the Litani River as part of the agreement, but emphasized Israel would maintain control over strategic positions, tempering market optimism.
US official announces imminent IDF withdrawal from first pilot zone in Lebanon
December 31 dips to 23%2%
A US official stated that Israeli troops would begin withdrawing from the first of two pilot zones in southern Lebanon in the coming days, signaling initial implementation of the June 26 agreement and providing some market support for withdrawal prospects.
Netanyahu confirms Israeli forces will remain in southern Lebanon security zone
December 31 dips to 23%4%
Prime Minister Netanyahu stated that Israeli forces would stay in the security zone in southern Lebanon as long as Hezbollah remains armed, signaling no immediate full withdrawal and reducing market confidence in near-term withdrawal outcomes.
US official announces imminent IDF withdrawal from Lebanon pilot zones
September 30 dips to 13%4%
A US official stated that Israeli troops would begin withdrawing from the first of two pilot zones in southern Lebanon in the coming days, signaling initial implementation of the June 26 framework agreement but without a clear timeline for full withdrawal.
US official announces imminent withdrawal of Israeli troops from Lebanon pilot zones
December 31 dips to 23%4%
A US official stated that Israeli troops would begin withdrawing from the first of two pilot zones in southern Lebanon in the coming days, signaling progress in implementing the June 26 agreement and impacting market expectations positively.
Israeli Prime Minister Netanyahu states Israel will maintain security zone in southern Lebanon until Hezbollah disarms
December 31 dips to 23%4%
Following the framework agreement, Netanyahu publicly declared that Israeli forces would remain in the southern Lebanon security zone as long as Hezbollah remains armed, signaling no immediate full withdrawal and tempering market optimism.
Netanyahu states Israel will remain in southern Lebanon security zone until Hezbollah disarms
December 31 drops to 17%5%
Israeli Prime Minister Netanyahu declared that Israeli forces would stay in the security zone in southern Lebanon as long as Hezbollah remains armed, signaling no full withdrawal despite the framework agreement.
Netanyahu publicly outlines partial withdrawal areas in Lebanon
December 31 drops to 23%5%
Prime Minister Netanyahu detailed that Israeli forces would withdraw from sites north and south of the Litani River but emphasized Israel would maintain control over much of southern Lebanon, linking withdrawal to Hezbollah disarmament. This tempered market optimism for a full withdrawal by year-end.
Netanyahu states Israeli forces will remain in southern Lebanon security zone until Hezbollah disarmed
December 31 drops to 23%5%
Israeli Prime Minister Netanyahu announced that Israeli troops would stay in a security zone in southern Lebanon as long as Hezbollah remains armed, signaling no full withdrawal soon and tempering market expectations.
Netanyahu confirms Israel will maintain security zone in southern Lebanon until Hezbollah disarmed
December 31 drops to 22%6%
Israeli Prime Minister Netanyahu stated that Israeli forces would remain in the southern Lebanon security zone as long as Hezbollah remains armed, signaling no immediate full withdrawal and reducing market confidence in a complete pullout by year-end.
Netanyahu says Israel to remain in southern Lebanon 'security zone' despite partial withdrawal deal
December 31 dips to 21%2%
Prime Minister Netanyahu stated that Israeli forces would remain in a security zone in southern Lebanon as long as Hezbollah is not disarmed, framing the partial withdrawal deal as a major achievement but confirming continued military presence. This reinforced market skepticism about a full withdrawal.
US official announces imminent Israeli withdrawal from first pilot zone in Lebanon
September 30 drops to 5%11%
A US official stated that Israeli troops would begin withdrawing from the first of two pilot zones in southern Lebanon in the coming days, signaling the start of phased redeployments under the June 26 agreement. However, no fixed timeline was given, and the second zone's withdrawal remained unclear, limiting market confidence in a full withdrawal by September 30.
Netanyahu affirms Israel will remain in southern Lebanon security zone despite partial withdrawal deal
September 30 drops to 6%10%
Following the framework agreement, Israeli Prime Minister Netanyahu stated that Israeli forces would remain in the security zone in southern Lebanon as long as Hezbollah remains armed, signaling no full withdrawal in the near term and dampening market expectations.
Netanyahu confirms phased withdrawal from pilot zones but insists on security presence
December 31 dips to 24%4%
Prime Minister Netanyahu publicly described the withdrawal as symbolic and limited to areas the IDF 'does not need,' emphasizing Israel's intention to maintain a security buffer until Hezbollah is disarmed, which dampened market optimism for a full withdrawal by year-end.
Netanyahu confirms IDF withdrawal from two pilot zones in southern Lebanon
December 31 dips to 24%4%
Prime Minister Netanyahu publicly pointed to areas where Israeli forces would withdraw as part of the US-mediated agreement, signaling the start of partial troop pullbacks. This reinforced the partial withdrawal narrative but maintained that Israel would keep a security buffer until Hezbollah was disarmed, tempering market optimism.
Israeli Prime Minister Netanyahu affirms continued military presence in Lebanon security zone
December 31 drops to 18%5%
Following the framework agreement, Prime Minister Benjamin Netanyahu stated that Israeli forces would remain in the southern Lebanon security zone as long as Hezbollah remained armed, framing the agreement as a major achievement but emphasizing security concerns. This reinforced market skepticism about a full withdrawal by year-end.
US Secretary of State Marco Rubio announces framework agreement signing
December 31 dips to 24%4%
Marco Rubio announced the signing of the trilateral framework agreement between Israel, Lebanon, and the US, emphasizing the importance of the agreement as a first step toward peace and security, which initially supported market confidence but was tempered by ongoing conflict.
Netanyahu confirms US and Lebanon recognize Israeli security zone in Lebanon
December 31 dips to 24%4%
Prime Minister Netanyahu stated that both the US and Lebanon recognize Israel's security zone inside Lebanon under the June 26 agreement, with phased withdrawal from pilot zones but continued Israeli presence in an expanded security zone. Hezbollah rejected the agreement, calling it a surrender. This reinforced market skepticism about a full withdrawal soon.
Netanyahu details pilot zones for Israeli withdrawal, emphasizes security concerns
December 31 drops to 23%5%
Prime Minister Netanyahu presented maps of two pilot zones for phased Israeli withdrawal, emphasizing that Israeli forces would remain in an expanded security zone until Hezbollah is disarmed. This conditional approach signaled no immediate full withdrawal, contributing to market declines.
Netanyahu confirms partial withdrawal zones and security zone retention
December 31 drops to 23%5%
Prime Minister Netanyahu publicly confirmed the two pilot zones for withdrawal and emphasized that Israeli forces would remain in a broader security zone until Hezbollah is disarmed, signaling no immediate full withdrawal and tempering market expectations.
Netanyahu announces recognition of Israeli security zones in Lebanon under agreement
December 31 plunges to 34%38%
Prime Minister Netanyahu publicly presented the agreed pilot zones and stated that Israeli forces would remain in an expanded security zone for the time being, signaling a phased rather than full withdrawal. This tempered market optimism, contributing to a price decline.
Hezbollah leader rejects US-brokered Lebanon-Israel agreement, vows continued resistance
December 31 drops to 24%10%
Hezbollah's Naim Qassem declared the agreement null and void, calling it a surrender to Israel and promising ongoing armed resistance until full Israeli withdrawal. This rejection heightened uncertainty about the withdrawal's feasibility, pushing market prices down further.
Netanyahu affirms Israeli forces will remain in expanded security zone despite withdrawal deal
December 31 rises to 28%4%
Prime Minister Netanyahu publicly stated that Israeli forces would remain in an expanded security zone in southern Lebanon as long as Hezbollah remains armed, signaling a conditional and limited withdrawal and dampening market expectations for full withdrawal.
Israeli Prime Minister Netanyahu confirms partial withdrawal areas north and south of Litani River
December 31 drops to 23%8%
Netanyahu stated that Israeli forces would pull back from sites they "do not need" in Lebanon, specifically two areas north and south of the Litani River, as part of the framework agreement. This reinforced the partial nature of the withdrawal and Israel's intent to maintain a security presence, limiting market optimism for full withdrawal.
Hezbollah rejects Israeli-Lebanese ceasefire framework, vows continued attacks
August 31 plunges to 9%20%
Hezbollah rejected the ceasefire agreement between Israel and Lebanon, vowing to continue attacks until Israel fully withdraws. This rejection undermined the framework agreement's prospects and contributed to market declines in withdrawal probabilities.
Israel refuses to set timetable for withdrawal amid talks
December 31 plunges to 25%24%
Israeli officials stated there was no timetable for withdrawing forces from Lebanon, emphasizing security concerns and the need for Hezbollah disarmament. This hardened stance contributed to market declines in withdrawal probabilities.
Israeli officials affirm no immediate full withdrawal from Lebanon
December 31 drops to 22%8%
Despite the framework agreement, Israeli officials including Prime Minister Netanyahu publicly stated that Israeli forces would not withdraw fully from southern Lebanon until Hezbollah was disarmed, reinforcing a conditional and prolonged presence. This tempered market optimism about a near-term full withdrawal.
Israel refuses to withdraw from 'Yellow Line' and Beaufort Castle in Lebanon talks
September 30 plunges to 14%29%
During extended Washington talks, Israel refused to withdraw from areas within the 'Yellow Line' and insisted on maintaining presence at Beaufort Castle, causing deadlock and reducing market optimism for withdrawal by near-term dates.
Israeli envoy states IDF withdrawal not based on fixed timetable but on Hezbollah disarmament
September 30 plunges to 14%29%
Israeli officials clarified that the withdrawal of forces from Lebanon would be conditional on the disarmament of Hezbollah, not on a fixed schedule, which tempered market optimism about a full withdrawal by the end of 2026.
US proposes pilot plan for partial Israeli withdrawal from Lebanon
December 31 drops to 38%11%
The US proposed a pilot program for Israel to withdraw from selected areas of southern Lebanon with Lebanese army control, signaling a possible pathway to reduce tensions. This contributed to initial market optimism for withdrawal by year-end.
Israel, Lebanon sign U.S.-mediated framework agreement
December 31 dips to 25%3%
A trilateral framework agreement was signed aiming to wedge Lebanon away from Iran and set conditions for withdrawal, but doubts about implementation and Hezbollah opposition kept market confidence low.
US Secretary of State announces framework deal for lasting peace including Israeli withdrawal
December 31 plunges to 22%27%
US Secretary of State Marco Rubio announced a framework deal between Israel and Lebanon for lasting peace involving Israeli withdrawal from southern Lebanon and Lebanese army deployment. Despite the announcement, Israeli officials emphasized continued military presence, limiting market confidence in full withdrawal by the dates analyzed.
US brokers framework agreement for phased Israeli withdrawal and Hezbollah disarmament
December 31 dips to 23%1%
On June 26, the US brokered a trilateral framework agreement between Israel and Lebanon aiming for a phased Israeli withdrawal from southern Lebanon linked to Hezbollah's disarmament. This agreement initially raised hopes for withdrawal but faced rejection from Hezbollah, limiting market gains.
Israel and Lebanon reach framework agreement for partial IDF withdrawal
On June 26, Israel and Lebanon reached a US-brokered framework agreement for the Israeli Defense Forces to begin partial withdrawal from two areas inside the buffer zone in southern Lebanon, to be replaced by Lebanese forces. This partial withdrawal did not indicate a full withdrawal by the earlier market dates, keeping probabilities low.
Israel and Lebanon sign framework agreement for partial IDF withdrawal
December 31 plunges to 28%21%
Israel, Lebanon, and the US signed a trilateral framework agreement establishing phased redeployments of Israeli forces from two pilot zones in southern Lebanon, transferring control to the Lebanese military. This agreement raised initial optimism but did not set a timetable for full withdrawal, causing a moderate price drop.
Israeli Prime Minister Netanyahu confirms partial withdrawal from Lebanon
December 31 plunges to 49%23%
Netanyahu announced that Israeli forces would withdraw from areas north and south of the Litani River but emphasized that the military would remain in much of southern Lebanon as long as Hezbollah is not disarmed. This reinforced the conditional nature of the withdrawal and contributed to market skepticism about a full withdrawal by the end of 2026.
US Secretary of State Marco Rubio hails Israel-Lebanon framework as 'beginning of the beginning'
December 31 plunges to 32%17%
US Secretary of State Marco Rubio praised the framework agreement as a vital first step toward peace between Israel and Lebanon, signaling US commitment to the process despite the challenges ahead. This diplomatic endorsement initially supported market optimism for withdrawal prospects.
Israeli officials clarify no fixed timetable for withdrawal, contingent on Hezbollah disarmament
September 30 plunges to 14%29%
Israeli officials, including Ambassador Yechiel Leiter, emphasized that the IDF withdrawal is performance-based and depends on Hezbollah's disarmament, with no fixed timetable. This tempered market optimism and contributed to price declines for near-term withdrawal outcomes.
Hezbollah rejects US-brokered Israel-Lebanon withdrawal deal
August 31 plunges to 9%20%
Hezbollah publicly rejected the framework agreement and called on the Lebanese government to retract the negotiations, undermining prospects for a swift Israeli withdrawal and contributing to market declines in withdrawal probabilities.
U.S. Secretary of State announces Israel-Lebanon partial withdrawal deal
September 30 plunges to 24%19%
Marco Rubio announced the framework agreement on June 26, highlighting it as a major milestone but emphasizing it as only the beginning of negotiations. The deal involved Israel withdrawing from two areas inside a buffer zone in southern Lebanon, replaced by Lebanese forces, but Israel retained control over much of the territory, limiting market optimism.
Israel and Lebanon sign agreement for withdrawal from two pilot zones in southern Lebanon
December 31 drops to 39%10%
After four days of US-mediated talks, Israel agreed to withdraw from two areas in southern Lebanon, transferring control to the Lebanese military as part of a pilot program. This agreement was seen as a first step toward broader peace but did not signal full withdrawal, causing a modest market uptick for longer-term outcomes.
Israeli Defense Minister states no withdrawal without Hezbollah disarmament
December 31 drops to 22%5%
Israeli Defense Minister Israel Katz declared that Israel would not redeploy or withdraw from southern Lebanon unless Hezbollah was disarmed and the safety of northern Israeli residents was guaranteed. This firm stance reduced market confidence in a near-term full withdrawal.
Israel-Lebanon framework deal includes ceasefire and partial withdrawal but Hezbollah rejects terms
August 31 drops to 16%13%
The US-mediated agreement included a ceasefire and partial withdrawal, but Hezbollah's rejection and insistence on full Israeli withdrawal tempered expectations for a complete pullout, contributing to market declines.
US Secretary of State Rubio announces Israel-Lebanon partial withdrawal deal
September 30 plunges to 22%21%
Marco Rubio announced the framework agreement as a step toward restoring Lebanese sovereignty and security, highlighting the withdrawal from two pilot zones but noting Hezbollah's rejection of the deal. This reinforced market reassessment of withdrawal likelihood.
Lebanon demands full Israeli withdrawal with defined timetable in Washington talks
September 30 plunges to 14%29%
A senior Lebanese official stated that any declaration from Washington talks must include a complete Israeli withdrawal from all Lebanese territory under a timetable, reflecting Lebanon's firm stance and contributing to market doubts about partial withdrawal sufficiency.
US-Lebanon-Israel talks extend amid deadlock over Israeli withdrawal
December 31 dips to 21%1%
Negotiations in Washington extended due to disputes over Israeli withdrawal from southern Lebanon, with Israel refusing to leave key areas and Lebanon demanding full pullout, reinforcing market doubts about timely withdrawal.
US Secretary of State announces Israel-Lebanon partial withdrawal deal
September 30 plunges to 24%19%
Marco Rubio announced the framework agreement after five rounds of talks, highlighting a performance-based trilateral framework excluding Iran and Hezbollah. The deal included Israeli withdrawal from two pilot zones but no fixed timetable, causing market prices to fall further.
Israeli Prime Minister Netanyahu calls agreement a major win, ties withdrawal to Hezbollah disarmament
September 30 plunges to 14%29%
Netanyahu described the agreement as a major win for Israel, allowing continued presence in much of southern Lebanon as long as Hezbollah remains armed, signaling that withdrawal is conditional and not immediate, which tempered market optimism.
Israel and Lebanon sign US-brokered framework agreement for partial withdrawal
July 31 plunges to 1%15%
After four days of talks in Washington, Israel and Lebanon signed a framework agreement for Israel to withdraw from two areas in southern Lebanon, transferring control to the Lebanese military. This partial withdrawal was seen as insufficient for full withdrawal, causing mixed market reactions with some temporary price increases but overall decline.
Israel and Lebanon sign framework for partial IDF withdrawal from two zones
July 31 plunges to 23%16%
A trilateral framework was signed in Washington, announcing a *partial* IDF pull‑back from two pilot zones. The news produced a brief rally (price rose to 72 % on June 23) but the limited scope quickly dampened optimism, sending the price back down to the low‑teens by June 30.
Israeli officials state no timetable for withdrawal, linking it to Hezbollah disarmament
September 30 plunges to 14%29%
Israeli officials, including Prime Minister Netanyahu and Defense Minister Katz, emphasized that withdrawal from Lebanon would depend on Hezbollah's disarmament and that forces would remain as long as Hezbollah posed a threat. This hardened stance reduced market expectations for withdrawal by near-term dates.
Hezbollah rejects U.S.-brokered Israel-Lebanon framework agreement
September 30 plunges to 8%35%
Hezbollah condemned the framework agreement as a surrender of Lebanese sovereignty and declared it null and void, undermining prospects for a swift Israeli withdrawal and contributing to market skepticism about near-term resolution.
Israel agrees to partial Lebanon withdrawal under US framework
September 30 plunges to 22%21%
Following the June 26 agreement, Israel committed to withdrawing from two areas inside a buffer zone in southern Lebanon, with Lebanese forces replacing Israeli troops. The deal was criticized by Hezbollah and did not include a full withdrawal, contributing to market declines in withdrawal probabilities.
US Secretary of State calls Israel-Lebanon agreement 'the beginning of the beginning'
December 31 dips to 22%2%
Marco Rubio described the newly signed Israel-Lebanon framework agreement as a significant first step toward peace, but acknowledged the difficulty ahead, which tempered market optimism about a swift full withdrawal.
Israeli Prime Minister Netanyahu emphasizes limited withdrawal and ongoing occupation
December 31 dips to 21%2%
Netanyahu described the agreement as a major win for Israel, stating the IDF would only leave sites it 'does not need' and would maintain presence in much of southern Lebanon, dampening market optimism for full withdrawal.
Israeli Ambassador praises Lebanese negotiator in US-mediated talks
December 31 dips to 22%2%
Israeli Ambassador to the US Yechiel Leiter praised Lebanese Ambassador Nada Hamadeh for tough negotiation during the signing of the framework agreement, signaling serious diplomatic engagement but also the complexity of the process, which kept market prices volatile.
Netanyahu vows Israeli forces will remain in southern Lebanon until Hezbollah disarms
December 31 dips to 21%3%
Shortly after the framework agreement, Netanyahu stated Israel would maintain its security zone in southern Lebanon "for as long as necessary," linking withdrawal to Hezbollah's disarmament and signaling no immediate full withdrawal, which dampened market optimism.
Israel and Lebanon Sign Framework Agreement for Limited Withdrawal from Southern Lebanon
August 31 drops to 16%13%
Israel agreed to withdraw from two specific locations in Lebanon, one north and one south of the Litani River, marking a partial and limited withdrawal but not a full exit. This agreement was seen as a small step but insufficient for full withdrawal expectations.
Hezbollah chief Qassem calls for unconditional Israeli withdrawal
Hezbollah leader Naim Qassem demanded unconditional Israeli withdrawal, emphasizing that any partial pull‑back was unacceptable. The hard‑line stance further reduced market optimism.
Israeli Prime Minister Netanyahu states Israel will remain in southern Lebanon until Hezbollah disarmed
December 31 dips to 23%2%
Despite the framework agreement, Netanyahu publicly declared that Israeli forces would stay in southern Lebanon as long as Hezbollah remains a threat and is not disarmed, dampening market expectations for a swift full withdrawal.
Lebanon demands full Israeli withdrawal with defined timetable in Washington talks
December 31 plunges to 25%24%
Lebanese officials insisted that any agreement must include a complete Israeli withdrawal from all Lebanese territory under a defined timetable, leading to an extension of negotiations. This demand contrasted with Israel's partial withdrawal plan, adding uncertainty to the market.
Israel and Lebanon sign U.S.-brokered framework agreement for partial Israeli withdrawal
December 31 plunges to 28%21%
On June 26, Israel and Lebanon signed a U.S.-mediated framework agreement calling for phased Israeli withdrawals from two areas in southern Lebanon, with Lebanese forces replacing Israeli troops. This agreement was seen as a first step toward restoring Lebanese sovereignty and disarming Hezbollah, causing initial market optimism for withdrawal.
Netanyahu announces withdrawal from two areas in southern Lebanon under agreement
December 31 dips to 25%3%
Prime Minister Netanyahu stated that Israeli forces would withdraw from two areas north and south of the Litani River as part of the US-mediated agreement, transferring control to the Lebanese military. This partial withdrawal was seen as a symbolic gesture rather than a full exit, tempering market expectations.
Israel, Lebanon, and US sign framework agreement for phased Israeli withdrawal from two pilot zones in southern Lebanon
December 31 plunges to 28%21%
A trilateral deal was signed in Washington establishing phased redeployments of Israeli forces from two small pilot zones north and south of the Litani River, with the Lebanese Armed Forces assuming security responsibility after verified disarmament of Hezbollah. This agreement initially raised market hopes for withdrawal but included no fixed timetable and allowed Israel to maintain a security buffer zone.
Israel to withdraw from two areas in Lebanon under new U.S.‑brokered agreement
Israel announced a limited withdrawal from two areas of southern Lebanon as part of a U.S.‑brokered framework agreement, but the deal left most of the occupied zone in place, reinforcing market pessimism about a full pull‑out by any of the listed dates.
Israel and Lebanon sign US-mediated framework agreement for partial IDF withdrawal
December 31 plunges to 28%21%
Israel, Lebanon, and the US signed a trilateral framework agreement in Washington for Israel to withdraw from two areas in southern Lebanon, transferring control to the Lebanese military. This partial withdrawal was seen as a first step but did not include a full withdrawal, keeping market optimism limited.
Israeli Prime Minister Netanyahu calls partial withdrawal a major win
December 31 plunges to 28%21%
Netanyahu described the partial withdrawal agreement as a major win for Israel, emphasizing continued Israeli presence in much of southern Lebanon and linking withdrawal to Hezbollah disarmament. This tempered market optimism for a full withdrawal by year-end.
Hezbollah rejects Lebanon-Israel withdrawal deal, vows continued resistance
December 31 drops to 18%7%
Hezbollah declared the US-mediated framework agreement null and void, rejecting disarmament conditions and vowing to continue armed resistance, undermining prospects for full Israeli withdrawal and causing market declines.
US Secretary of State praises agreement as 'beginning of the beginning'
September 30 plunges to 19%24%
US officials hailed the agreement as a major milestone toward peace, but emphasized it was only the start of a long process, which contributed to cautious market sentiment and price declines.
Israeli Prime Minister Netanyahu vows to maintain forces in Lebanon until Hezbollah disarmed
December 31 drops to 23%7%
Netanyahu publicly declared Israeli forces would remain in southern Lebanon 'as long as necessary' until Hezbollah is disarmed, signaling no immediate full withdrawal and dampening market expectations for near-term exit.
Israel and Lebanon sign US-mediated framework agreement for partial IDF withdrawal
After four days of talks in Washington, Israel and Lebanon signed a trilateral framework agreement for Israel to withdraw from two pilot zones in southern Lebanon, transferring control to the Lebanese military. This agreement was seen as a limited step, insufficient for full withdrawal, causing mixed market reactions.
U.S., Israel, Lebanon sign framework for partial Israeli withdrawal from Lebanon
December 31 plunges to 30%19%
A U.S.-brokered framework agreement was signed by Israel and Lebanon to begin a phased Israeli withdrawal from two pilot zones in southern Lebanon, transferring control to the Lebanese Armed Forces. Israeli Prime Minister Netanyahu emphasized maintaining presence in security zones until Hezbollah is disarmed, tempering market optimism.
US proposes pilot plan for partial Israeli withdrawal from Lebanon
August 31 plunges to 14%15%
The US proposed a pilot program for Israel to withdraw from selected areas in southern Lebanon, with the Lebanese army taking control. This proposal indicated a possible pathway to reduce tensions but did not guarantee full withdrawal, contributing to market uncertainty.
Israeli officials state no fixed timetable for withdrawal, linking it to Hezbollah disarmament
September 30 plunges to 22%21%
Israeli officials, including Ambassador Yechiel Leiter, emphasized that the IDF withdrawal was performance-based and contingent on Hezbollah's disarmament, not on a fixed timetable. This conditionality tempered market expectations for a swift withdrawal.
Israeli officials clarify withdrawal contingent on Hezbollah disarmament
December 31 drops to 23%8%
Israeli officials emphasized that the withdrawal from southern Lebanon would only occur after the Lebanese military disarms Hezbollah and dismantles its infrastructure, creating a conditional and gradual process rather than an immediate pullout. This tempered market expectations for a swift withdrawal.
Lebanon and Israel deadlock over withdrawal terms in Washington talks
August 31 plunges to 9%20%
Negotiations extended due to disputes over Israeli withdrawal from southern Lebanon, with Israel refusing to leave certain areas and Lebanon demanding full pullout. This deadlock reduced market optimism for a timely full withdrawal.
Israel and Lebanon sign framework agreement after US-brokered talks
A framework agreement was signed between Israel and Lebanon, brokered by the US, aiming to address border issues but not including a commitment for Israel to withdraw all ground forces from Lebanon. This led to market uncertainty as the agreement did not guarantee a full withdrawal, causing prices to drop.
Israel-Lebanon talks extended amid deadlock over withdrawal areas
December 31 drops to 17%6%
The fifth round of US-mediated talks was extended due to disputes over Israeli withdrawal from southern Lebanon, with Israel refusing to leave key positions and Lebanon demanding full pullout. This deadlock contributed to market uncertainty and price declines for near-term withdrawal outcomes.
Israel, Lebanon sign US-mediated framework agreement for partial withdrawal
December 31 plunges to 28%21%
Israel agreed to withdraw from two small areas in southern Lebanon, transferring control to the Lebanese military under a US-brokered deal. The agreement was described as a first step toward restoring Lebanese sovereignty but allowed Israel to maintain most of its positions until Hezbollah is disarmed. This partial withdrawal framework reduced market optimism for full withdrawal by the end of 2026.
Israel refuses to set timetable for withdrawal, insists on security zone
September 30 plunges to 14%29%
Israeli officials stated no timetable for withdrawal and vowed to maintain a security zone as long as Hezbollah remains armed, signaling a conditional and indefinite presence. This stance reduced market confidence in near-term withdrawal.
Israel-Lebanon talks extended as withdrawal deal remains elusive
December 31 dips to 23%2%
The fifth round of US-mediated talks was extended due to disputes over Israeli withdrawal from southern Lebanon, with Israel refusing to leave key areas and Lebanon demanding full pullout. This stalemate contributed to market uncertainty and price declines.
Netanyahu calls Lebanon withdrawal deal a major win, vows to stay in security zone
December 31 dips to 23%2%
Prime Minister Netanyahu described the partial withdrawal agreement as a major achievement, emphasizing Israel's intention to remain in the security zone as long as Hezbollah is not disarmed, signaling no full withdrawal soon and impacting market confidence negatively.
Israel, Lebanon, and US sign framework agreement for partial IDF withdrawal from Lebanon
July 31 drops to 2%5%
A trilateral agreement was signed in Washington, D.C., outlining a phased, conditional partial withdrawal of Israeli forces from two pilot zones in southern Lebanon, with Lebanese Armed Forces assuming control. The deal did not commit to a full withdrawal, leading to a drop in market prices for earlier withdrawal dates.
Israel and Lebanon sign US-brokered framework agreement for partial IDF withdrawal
September 30 plunges to 16%27%
Israel and Lebanon signed a trilateral framework agreement in Washington, DC, under US mediation, agreeing on Israel's withdrawal from two pilot zones in southern Lebanon. This partial withdrawal was seen as a first step toward restoring Lebanese sovereignty but did not include a full Israeli pullout, leading to moderate market optimism.
Hezbollah rejects ceasefire deal and demands full Israeli withdrawal
August 31 dips to 7%2%
Hezbollah rejected the ceasefire agreement between Lebanon and Israel, calling the negotiations humiliating and demanding a full Israeli withdrawal, which undermined prospects for a comprehensive ceasefire and Israeli withdrawal, negatively impacting market confidence.
Hezbollah rejects US-brokered Israel-Lebanon withdrawal deal
September 30 drops to 6%8%
Hezbollah publicly rejected the framework agreement between Israel and Lebanon, calling for a full Israeli withdrawal and opposing direct negotiations. This rejection undermined prospects for a swift Israeli withdrawal and contributed to market pessimism.
Israel agrees to test military withdrawal from small fraction of southern Lebanon
September 30 plunges to 24%19%
The agreement included a plan for Israel to withdraw from a small fraction of occupied territory in southern Lebanon, home to Hezbollah. The deal was seen as a tentative step, with no immediate full withdrawal, tempering market expectations.
Israel agrees to withdraw from two areas in Lebanon under new agreement
December 31 jumps to 31%8%
After four days of talks in Washington, Israel agreed to withdraw from two small areas in southern Lebanon, transferring control to the Lebanese military. Netanyahu described this as leaving sites the IDF 'does not need.' This partial withdrawal was seen as symbolic and insufficient for full withdrawal, causing only minor market upticks for longer-term withdrawal dates.
Israeli Defense Minister states forces will not withdraw from Lebanon despite US demands
August 31 drops to 3%11%
Defense Minister Israel Katz publicly stated that the Israeli military would not withdraw from Lebanon even if pressured by the US, signaling a firm stance that contributed to a sharp drop in market prices for withdrawal by July 31 and other near-term dates.
US says Israel pulled back from part of buffer zone; Israel denies
A U.S. State Department official claimed Israel had “pulled back from a part of its buffer zone,” but Israeli officials immediately denied any withdrawal. The mixed messages caused a modest further decline in Yes prices.
Lebanese President calls Israeli withdrawal from south Lebanon 'non-negotiable'
December 31 dips to 45%4%
Lebanese President Joseph Aoun emphasized that Israel's withdrawal from southern Lebanon is a non-negotiable demand, reinforcing Lebanon's position in ongoing talks and highlighting the political challenges to a full Israeli withdrawal, which influenced market sentiment.
Israel says no timetable for troop withdrawal from Lebanon
December 31 plunges to 25%24%
Israeli officials stated they had set no timetable for withdrawing forces from Lebanon and would not withdraw as long as Hezbollah remains a threat. This hardened market sentiment against near-term withdrawal, causing a sharp price drop.
Israeli Defense Minister rules out withdrawal despite US pressure
August 31 drops to 4%5%
Israel's Defense Minister Israel Katz publicly declared that Israeli forces would not withdraw from southern Lebanon, reinforcing the position that no withdrawal announcement would occur soon and pushing market prices lower.
Israel says no timetable for troop withdrawal from Lebanon amid talks
July 31 drops to 14%9%
Israeli officials stated there was no set timetable for withdrawing forces from Lebanon, emphasizing that troops would remain as long as Hezbollah posed a threat. This hardened stance contributed to declining market prices for withdrawal by all dates.
Israel sets no timetable for withdrawal from Lebanon amid ongoing talks
September 30 plunges to 13%30%
Israeli officials stated there was no set timetable for withdrawing forces from Lebanon, maintaining military presence while engaging in US-brokered talks, which contributed to declining market confidence in withdrawal by specified dates.
Israeli Defense Minister states no plans for troop withdrawal from Lebanon
Defense Minister Israel Katz declared that Israel had no plans to withdraw troops from southern Lebanon, emphasizing the necessity of maintaining a security zone. This statement contradicted earlier signals of withdrawal and contributed to a decline in market confidence for earlier withdrawal dates.
Israel states no timetable for withdrawal from Lebanon amid talks
September 30 plunges to 13%30%
Israeli officials declared no fixed timetable for withdrawal from Lebanon, maintaining military presence as talks continued. This official stance contributed to market price declines reflecting skepticism about near-term withdrawal.
Israel states no timetable for troop withdrawal from Lebanon, Gaza, and Syria
December 31 plunges to 34%15%
Israel officially announced it had set no timetable for withdrawing forces from Lebanon, emphasizing continued military operations until security objectives are met. This hardened stance reduced market confidence in a near-term withdrawal.
Israel and Lebanon negotiate over IDF withdrawal 'pilot plan' amid fighting with Hezbollah
December 31 dips to 23%2%
Negotiations in Washington focused on establishing pilot zones for Israeli withdrawal and Lebanese army deployment, but fighting flared with IDF killing Hezbollah operatives and sustaining wounded soldiers, dampening withdrawal prospects.
US official claims Israel began partial withdrawal from southern Lebanon buffer zone
September 30 plunges to 16%27%
A US State Department official stated Israel had begun withdrawing from part of its self-declared buffer zone in southern Lebanon as a goodwill gesture, marking a concrete step in the US-brokered talks. This partial withdrawal was seen as a confidence-building measure but did not indicate a full withdrawal, causing some initial market optimism.
Israel sets no timetable for withdrawal from Lebanon amid ongoing talks
December 31 plunges to 25%24%
Israeli officials stated there was no set timetable for withdrawing forces from Lebanon during US-brokered talks, reinforcing the position that withdrawal would be conditional and not imminent. This contributed to market declines in withdrawal probabilities.
Israel sets no timetable for withdrawal amid ongoing talks
August 31 plunges to 9%20%
Israel publicly stated it had no timetable for withdrawing forces from Lebanon, Gaza, and Syria, emphasizing that withdrawal depends on Hezbollah disarmament. This official position contributed to declining market confidence in a near-term withdrawal.
Israel states no timetable for withdrawal from Lebanon despite talks
July 31 dips to 12%3%
Israeli officials declared they had set no timetable for withdrawing forces from Lebanon, emphasizing that troops would remain as long as Hezbollah posed a threat. This hardened stance reduced market confidence in a near-term withdrawal.
Israel declares no timetable for withdrawal from Lebanon amid talks
December 31 plunges to 28%21%
Israeli officials publicly stated that there was no set timetable for withdrawing forces from Lebanon, emphasizing security concerns and the ongoing threat from Hezbollah. This announcement reduced market confidence in a near-term full withdrawal.
Israeli Defence Minister Katz confirms no withdrawal from southern Lebanon despite US pressure
July 31 drops to 11%5%
Katz stated Israeli troops would not withdraw from southern Lebanon even if the US demanded it, reinforcing the stance against full withdrawal and contributing to further market price declines.
Israel's Defence Minister Katz states Israel will not withdraw from Lebanon even if US demands it
July 31 drops to 18%5%
Defence Minister Israel Katz publicly reinforced Israel's refusal to withdraw from Lebanon despite US pressure, emphasizing operational priorities and security concerns. This statement further reduced market expectations for a full withdrawal by the end of July.
Israeli Defense Minister states no withdrawal from Lebanon even if US demands it
December 31 plunges to 25%24%
Israeli Defense Minister Israel Katz publicly declared that Israeli forces would not withdraw from southern Lebanon despite US pressure, signaling a firm stance against withdrawal. This announcement sharply reduced market confidence in a near-term withdrawal, reflected in a significant price drop.
Israeli Defence Minister Katz states troops will not withdraw despite US demands
June 30 dips to 5%2%
On June 24, 2026, Israel Katz publicly affirmed that Israeli forces would not withdraw from southern Lebanon even if pressured by the US, further dampening market expectations for withdrawal by the end of June and beyond.
Israeli Defense Minister Katz reiterates refusal to withdraw from southern Lebanon
Defense Minister Israel Katz stated that Israeli forces would not withdraw from southern Lebanon even if the United States demanded it, emphasizing security concerns and rejecting international pressure. This hardened stance reinforced market expectations that a full withdrawal by mid-2026 was unlikely.
Israeli Defence Minister Katz states no withdrawal from southern Lebanon despite US demands
Israel Katz publicly stated that Israeli forces would not withdraw from southern Lebanon even if the US demanded it, reinforcing the position of continued occupation and reducing market confidence in withdrawal by near-term dates.
Israeli Defense Minister Israel Katz states no withdrawal from southern Lebanon
July 31 drops to 12%11%
Defense Minister Israel Katz publicly stated that Israeli ground forces would remain indefinitely in southern Lebanon's security zones, rejecting any withdrawal despite the US-Iran ceasefire agreement. This firm stance reinforced market skepticism about a near-term withdrawal, causing prices for earlier withdrawal dates to drop.
Israeli Defense Minister Katz states forces will remain indefinitely in southern Lebanon
August 31 plunges to 14%15%
Defense Minister Israel Katz publicly declared that Israeli forces would not withdraw from southern Lebanon even if the United States demanded it, reinforcing the stance of indefinite military presence and further reducing market confidence in a near-term withdrawal.
Israeli Defense Minister Katz says troops will not withdraw from southern Lebanon
July 31 dips to 13%1%
Defense Minister Israel Katz stated that Israeli forces would not withdraw from southern Lebanon even if the US demanded it, reinforcing the stance of maintaining military presence and undermining expectations of a full withdrawal.
Israeli defense minister denies plans for withdrawal despite US demands
August 31 drops to 9%6%
The Israeli defense minister publicly stated that the military would not withdraw from Lebanon even if pressured by the US, signaling continued Israeli presence and reducing market confidence in a full withdrawal by mid-2026.
Israeli Defense Minister says no withdrawal until Hezbollah disarmed
December 31 plunges to 31%18%
Defense Minister Israel Katz stated Israel would not withdraw from southern Lebanon as long as Hezbollah remains armed, reinforcing the position that no full withdrawal announcement would occur soon. This statement contributed to a sharp drop in market probabilities.
Israeli Defence Minister says troops will not withdraw from southern Lebanon
December 31 plunges to 24%25%
Israel Katz stated that Israeli forces would not withdraw from southern Lebanon even if the US demanded it, reinforcing the stance against full withdrawal and contributing to market price declines for withdrawal by earlier dates.
Israel’s defence minister says IDF will not withdraw from Lebanon even under U.S. pressure
Katz publicly declared that Israel will maintain its security zone in Lebanon “even if there is an American demand”, signaling no near‑term withdrawal.
Israeli Defence Minister Katz confirms no withdrawal from southern Lebanon despite US pressure
December 31 dips to 21%2%
Israel's Defence Minister Israel Katz stated that Israeli forces would not withdraw from southern Lebanon even if the United States demanded it, reinforcing Netanyahu's position and further lowering market confidence in a full withdrawal by the end of 2026.
Israeli Defense Minister says troops will not withdraw from southern Lebanon
July 31 drops to 17%6%
Israel's Defense Minister Israel Katz publicly stated that Israeli troops would remain in southern Lebanon and that there was no American demand for withdrawal, signaling a firm stance against a full pullout and impacting market expectations negatively for withdrawal by July 31.
Israeli Defense Minister Israel Katz denies any withdrawal from southern Lebanon
December 31 plunges to 24%48%
Israel Katz publicly stated that Israeli troops would not withdraw from southern Lebanon and that there was no US demand for such a withdrawal, contradicting earlier US claims and dampening market optimism about near-term Israeli withdrawal.
Israeli Defense Minister Katz states forces will not withdraw even if US demands it
July 31 drops to 12%6%
Defense Minister Israel Katz declared that Israeli forces would not withdraw from southern Lebanon despite US pressure, reinforcing Israel's stance to maintain military presence. This further reduced market confidence in withdrawal by any near-term date.
Israeli Defense Minister Katz states no withdrawal from Lebanon even if US demands it
December 31 drops to 24%8%
Defense Minister Israel Katz publicly declared that Israeli forces would not withdraw from southern Lebanon despite US pressure, reinforcing the stance against withdrawal and contributing to market price declines for withdrawal probabilities.
Israeli Defense Minister rules out withdrawal from Lebanon despite US demands
December 31 plunges to 24%15%
Israel's Defense Minister Israel Katz publicly stated that the military would not withdraw from Lebanon even if the US demanded it, signaling a firm stance that reduced market expectations for withdrawal by near-term dates.
Israeli Defence Minister says IDF will not withdraw from southern Lebanon
July 31 dips to 3%3%
Israel's Defence Minister Israel Katz publicly stated that Israeli troops would not withdraw from southern Lebanon, even if the US demanded it, reinforcing the stance that no full withdrawal was imminent and contributing to market price declines.
Israeli Defense Minister Katz says military will not withdraw from Lebanon even if US demands it
December 31 plunges to 25%24%
Defense Minister Israel Katz publicly stated that Israeli forces would not withdraw from southern Lebanon under any circumstances, reinforcing market skepticism about a complete withdrawal by the end of 2026 and pushing prices lower.
Israeli Defense Minister says military will not withdraw from Lebanon even if US demands it
December 31 plunges to 23%26%
Israel's Defense Minister Israel Katz publicly stated that Israeli forces would not withdraw from southern Lebanon despite US pressure, signaling a firm stance that lowered market expectations for withdrawal by the end of June 2026.
Israeli Defense Minister Katz denies any withdrawal from southern Lebanon
December 31 plunges to 24%48%
Defense Minister Israel Katz publicly stated that Israeli troops would not withdraw from southern Lebanon and that there was no US demand for such a withdrawal, contradicting earlier US claims and dampening market optimism about near-term Israeli withdrawal.
Israeli Defence Minister Katz states no withdrawal from southern Lebanon
December 31 drops to 23%13%
Israel Katz publicly declared that Israeli forces would not withdraw from southern Lebanon even if the US demanded it, reinforcing the stance of continued occupation and reducing market expectations for withdrawal by mid-year.
Israeli defense minister states troops will not withdraw from southern Lebanon
July 31 dips to 2%2%
Israeli Defense Minister Israel Katz declared that Israeli forces would remain in southern Lebanon for as long as necessary, rejecting US pressure to withdraw and undermining peace talks. This hardened stance contributed to market skepticism about withdrawal by near-term dates.
Israeli Defense Minister denies plans for withdrawal despite US demands
December 31 drops to 40%9%
The Israeli defense minister stated the military would not withdraw from Lebanon even if the US demanded it, creating uncertainty and skepticism about the likelihood of a full withdrawal, which contributed to market price declines.
Israel’s defence minister says Israel will not withdraw from Lebanon even if the US demands it
July 31 plunges to 7%16%
Katz reiterated Israel’s refusal to withdraw even if the United States demanded it, further eroding confidence that any deadline could be met and pushing the July‑31 odds down to a single digit (7 %).
Israeli Defense Minister says military will not withdraw from Lebanon despite US demands
August 31 plunges to 9%20%
Israel's Defense Minister Israel Katz publicly stated that Israeli forces would not withdraw from southern Lebanon even if the US demanded it, reinforcing market skepticism about any near-term withdrawal and causing a sharp price drop.
Israeli Defence Minister Declares No Withdrawal from Southern Lebanon
July 31 drops to 18%5%
Israel's Defence Minister Israel Katz publicly stated that Israeli troops would not withdraw from southern Lebanon, emphasizing that there was no American demand for such a withdrawal. This statement undermined expectations of a near-term withdrawal and contributed to a drop in market prices for earlier withdrawal dates.
Israel and Lebanon discuss U.S.-backed troop withdrawal proposal
December 31 plunges to 27%22%
Israeli and Lebanese officials discussed a U.S.-backed plan for partial Israeli troop withdrawal and Lebanese army control, briefly raising market hopes for withdrawal by later dates.
Israeli Defence Minister Katz confirms troops will not withdraw from southern Lebanon
September 30 plunges to 14%29%
Israel's Defence Minister Israel Katz reiterated on June 24 that Israeli forces would not withdraw from southern Lebanon despite ongoing US-Iran peace talks, reinforcing Israel's security stance and dampening market expectations for withdrawal by September 30 and December 31.
Lebanon and Israel sign US-brokered framework agreement for partial withdrawal
December 31 plunges to 22%27%
Israel, Lebanon, and the US signed a framework agreement calling for Israeli withdrawal from two pilot areas in southern Lebanon with Lebanese army deployment. However, Israeli Prime Minister Netanyahu stated forces would remain in the security zone as long as Hezbollah is active, limiting withdrawal scope and market optimism.
Hezbollah leader demands full Israeli withdrawal from all Lebanese territory
July 31 drops to 2%14%
Hezbollah's deputy leader Naim Qassem publicly demanded Israel's full withdrawal from all Lebanese territory, rejecting partial withdrawal frameworks and maintaining a hardline stance. This hardened position contributed to market skepticism about near-term Israeli withdrawal.
Hezbollah chief demands Israel fully withdraw from all Lebanese territory
Hezbollah chief Naim Qassem demanded a full Israeli withdrawal, highlighting the gap between political demands and on‑the‑ground realities, which kept market odds low for any withdrawal date.
Israeli Prime Minister Netanyahu declares forces will remain in Lebanon indefinitely
December 31 plunges to 29%43%
Netanyahu publicly stated that Israeli ground forces would stay in southern Lebanon "as long as necessary," rejecting any immediate withdrawal despite ceasefire agreements. This hardened market sentiment against near-term withdrawal, causing a sharp price drop.
Israeli officials declare no immediate withdrawal from southern Lebanon
December 31 plunges to 16%33%
Israeli officials publicly stated that Israeli forces would remain in southern Lebanon indefinitely to counter Hezbollah threats, rejecting any immediate withdrawal despite international pressure. This hardened stance decreased market expectations for a full withdrawal by the end of 2026, causing a sharp drop in withdrawal probabilities.
US official claims Israel has withdrawn from part of southern Lebanon security zone
December 31 plunges to 25%24%
A US State Department official announced that Israel had withdrawn from some southern Lebanese territory, signaling initial steps toward partial withdrawal and raising market hopes for eventual full withdrawal.
Israel lifts northern restrictions amid talks on partial Lebanon withdrawal
December 31 surges to 72%23%
Israel lifted all restrictions in its northern region as talks were set to begin on withdrawing from parts of southern Lebanon, signaling initial diplomatic progress and raising market optimism for withdrawal.
Israeli Foreign Minister Saar states Israel will not withdraw from Lebanon's security zone
December 31 plunges to 24%25%
On June 22, Israeli Foreign Minister Gideon Saar publicly declared that Israel would maintain its military presence in southern Lebanon's security zone to protect against Hezbollah threats, signaling no immediate withdrawal plans. This statement contributed to a sharp drop in market optimism about withdrawal by both September 30 and December 31.
US official confirms partial Israeli withdrawal from southern Lebanon buffer zone
July 31 dips to 2%2%
A US State Department official announced that Israel had withdrawn from some parts of its buffer zone in southern Lebanon, with the Lebanese Armed Forces expected to take over. This partial withdrawal was seen as a goodwill gesture but fell short of full withdrawal, limiting market optimism.
US State Department official claims Israel has withdrawn from part of southern Lebanon
December 31 plunges to 24%25%
A US official announced that Israel had withdrawn from some southern Lebanese territory, signaling a potential start to Israeli pullback. However, Israeli and Lebanese authorities denied this claim, creating uncertainty about the extent and reality of any withdrawal.
US official claims Israel has withdrawn from part of southern Lebanon buffer zone
A US State Department official stated that Israel had withdrawn from some southern Lebanese territory, with the Lebanese army expected to take over. However, Lebanese officials denied knowledge of any withdrawal, reflecting the ambiguous and limited nature of the pullback, which did not satisfy market expectations for full withdrawal.
Israel lifts all northern restrictions as Lebanon withdrawal talks begin
Israel lifted all restrictions in its northern regions, signaling a potential start to negotiations on Israeli withdrawal from parts of southern Lebanon. This raised initial market hopes for a withdrawal, reflected in higher probabilities.
Israel lifts all restrictions in north amid talks on partial Lebanon withdrawal
December 31 plunges to 24%25%
Israel lifted all restrictions in its northern region as talks were set to begin on withdrawing from parts of southern Lebanon, signaling initial diplomatic progress and raising market optimism for withdrawal.
Netanyahu grants IDF full freedom of action in southern Lebanon
December 31 drops to 38%11%
Prime Minister Netanyahu authorized the IDF to act freely against any threats in southern Lebanon and reaffirmed Israel's intention to remain in the security zone as long as necessary, reinforcing the position against withdrawal and causing market prices to fall.
US official confirms Israel has withdrawn from part of southern Lebanon buffer zone
December 31 drops to 37%12%
A US State Department official stated that Israel had pulled back from some of the southern Lebanese territory it occupied, marking a concrete step toward withdrawal and signaling good faith toward Lebanon's government. This partial withdrawal raised market hopes for further Israeli troop reductions.
Israeli Chief of Staff Rules Out Disarmament, Impacting Lebanon Withdrawal Odds
September 30 plunges to 22%21%
The Israeli Chief of Staff stated there is no disarmament goal or ceasefire on the northern front, emphasizing ongoing military operations against Hezbollah. This hardened Israel's stance and decreased the likelihood of withdrawal by June 30, 2026, reflected in market price drops.
Israeli Foreign Minister Saar confirms no withdrawal from Lebanon's security zone
July 31 dips to 3%3%
Israeli Foreign Minister Gideon Saar stated Israel will not withdraw from the security zone in southern Lebanon, citing security concerns and the threat from Hezbollah. This official stance further diminished market confidence in withdrawal by July or August 2026.
Israeli Defense Minister Katz confirms no withdrawal from southern Lebanon
July 31 dips to 13%2%
Defense Minister Israel Katz stated that the Israeli army will not withdraw from territory occupied in southern Lebanon, reinforcing the position that no withdrawal announcement would occur soon, maintaining low market probabilities for withdrawal.
Egypt urges complete Israeli pull‑back from Lebanon
Egypt called for a full Israeli withdrawal, adding regional diplomatic pressure but not changing Israeli policy, which contributed to a continued downward trend in Yes prices.
IDF may shift positions but sets strict conditions for withdrawal from Lebanon
July 31 dips to 12%3%
By June 21, Israeli officials stated withdrawal could only occur as part of US-sponsored talks with Lebanon and under strict conditions including Hezbollah's full withdrawal and dismantling. This maintained low market expectations for withdrawal by July 31.
Netanyahu promises to keep Israeli forces in Lebanon despite US pressure
On June 21, Netanyahu vowed to maintain Israeli occupation forces inside Lebanon regardless of US President Trump's directives. Israeli Channel 12 reported Israel was considering only small, symbolic withdrawals. This reinforced market doubts about a full withdrawal by near-term dates.
Israel refuses to withdraw from Lebanon despite US-Iran ceasefire deal
July 31 dips to 13%2%
Despite the US-Iran ceasefire agreement covering Lebanon, Israel stated it would not withdraw its forces from Lebanon, maintaining military presence and operations. This stance confirmed market skepticism about a withdrawal by the end of July.
Israel and Hezbollah agree to ceasefire amid escalating conflict
December 31 surges to 72%23%
Israel and Hezbollah agreed to a ceasefire effective June 19, 2026, brokered by the US and Qatar, aiming to halt fighting that threatened US-Iran peace talks. Despite the ceasefire, Israeli forces continued operations, maintaining uncertainty about a full withdrawal.
Israel and Hezbollah renew ceasefire amid ongoing hostilities
Israel and Hezbollah agreed to renew a ceasefire after fighting threatened US-Iran negotiations, but Israeli forces continued operations in southern Lebanon. This fragile ceasefire maintained uncertainty about a full Israeli withdrawal, keeping market prices low for near-term withdrawal outcomes.
Israel and Hezbollah renew cease‑fire after intense clashes
July 31 dips to 10%2%
A cease‑fire renewal was announced after heavy fighting, but both sides kept launching attacks. The fragile truce failed to improve market odds, which stayed low (≈ 10 %).
Israel and Hezbollah agree to ceasefire but Israel maintains forces in southern Lebanon
July 31 rises to 14%1%
A ceasefire was agreed between Israel and Hezbollah after escalated fighting, but Israeli officials confirmed that Israel would keep its forces in southern Lebanon, indicating no withdrawal by the market's resolution date and sustaining low market confidence in a 'Yes' outcome.
U.S. official says Israel‑Hezbollah truce reached amid ongoing clashes
An American official reported that Israel and Hezbollah had agreed to a new truce mediated by the U.S., Qatar and Iran, but fighting continued on the ground, keeping withdrawal prospects low.
Israel announces troops will remain in southern Lebanon, rejecting withdrawal calls
On June 18, the Israel Defense Forces announced that Israeli troops will continue to occupy large areas in southern Lebanon, rejecting calls for withdrawal and complicating peace negotiations, solidifying market sentiment against withdrawal by July 31.
Israel and Hezbollah agree to halt fighting amid US-Iran talks
Israel and Hezbollah agreed to halt heavy fighting in southern Lebanon, which temporarily eased tensions but did not lead to Israeli withdrawal, maintaining low market prices for withdrawal by July 31.
Chief of Staff Zamir says no cease‑fire or disarmament on northern front
Chief of Staff Lt‑Gen Eyal Zamir announced that there is no cease‑fire or disarmament goal on the northern front, signalling continued Israeli military presence and pushing the market lower.
Israeli Finance Minister Smotrich rejects US diplomacy, vows no withdrawal from Lebanon
Finance Minister Bezalel Smotrich openly defied US President Trump by declaring Israel will not withdraw its forces from Lebanon, pledging a prolonged military presence to maintain operational freedom. This reinforced the Israeli government's refusal to withdraw and contributed to market skepticism about near-term withdrawal.
PM Netanyahu says Israeli forces will remain indefinitely in southern Lebanon
July 31 dips to 23%1%
Netanyahu reaffirmed Katz’s line, stating IDF troops will stay indefinitely in the occupied zone. The twin statements reinforced market expectations of a “No” outcome for all dates, contributing to the slide to 23 % by June 24.
Israeli ambassador to U.S. confirms no plans to withdraw from South Lebanon
Israel's ambassador to the U.S., Yechiel Leiter, reiterated Israel's firm position against withdrawing from southern Lebanon, contradicting interpretations of the U.S.-Iran deal and solidifying market consensus that withdrawal by July 31 was unlikely.
Iran states Israel must withdraw from Lebanon to end war under US-Iran deal
July 31 drops to 14%5%
Iran's Foreign Minister Abbas Araghchi said the tentative US-Iran deal to end the war requires Israel to withdraw from Lebanon, a condition Israel has rejected. This diplomatic impasse indicated no imminent Israeli withdrawal, reinforcing market pessimism about withdrawal by July 31.
Israel's ambassador to U.S. confirms no plan to withdraw from southern Lebanon
On June 16, Israeli Ambassador to the U.S. reiterated Israel's position of not withdrawing from southern Lebanon, confirming official government stance and further reducing market confidence in withdrawal.
Israeli ambassador to US states Israel will not withdraw from southern Lebanon
September 30 plunges to 11%32%
Israel's ambassador to the US publicly declared that Israel has no plans to withdraw from southern Lebanon, reinforcing the government's position to maintain a security buffer zone. This statement further dampened market expectations for withdrawal by July 31 and beyond.
Iran urges Israel to withdraw from occupied areas in Lebanon
Iran's top negotiator Mohammad Baqer Qalibaf called for Israel to withdraw from occupied Lebanese areas, emphasizing the return of southern Lebanese people to their homes. This increased regional pressure but did not change Israel's position, maintaining market skepticism.
Hezbollah says Iran will push for Israeli withdrawal from Lebanon in US talks
Hezbollah stated that Iran will insist on Israeli withdrawal from Lebanon as a condition in its negotiations with the US. This reinforced the political impasse, as Israel rejects withdrawal, keeping market confidence low for a July 31 withdrawal.
Israeli Chief of Staff rules out Hezbollah disarmament, impacting withdrawal odds
July 31 drops to 8%6%
The Israeli Chief of Staff stated there was no goal of disarming Hezbollah or ceasing military operations on the northern front, indicating continued Israeli military presence in Lebanon. This statement contributed to a decline in market expectations for withdrawal by June 30, 2026.
Iran demands Israeli withdrawal from Lebanon as condition for US-Iran deal progress
Iran's top diplomat stated that the tentative US-Iran deal to end the war requires Israel to withdraw from Lebanon, a condition Israel has rejected, threatening the deal's viability and underscoring the impasse over Israeli presence in Lebanon.
Defense Minister Katz rules out any Israeli pull‑back from Lebanon
Defense Minister Yisrael Katz reiterated the government's position that Israeli forces will not withdraw from the so‑called security zone, reinforcing the June 15 statement and further depressing the market.
Iran says Israeli pull‑back from Lebanon is prerequisite for US‑Iran deal
Iran linked any U.S.–Iran cease‑fire agreement to a full Israeli withdrawal from Lebanon, increasing geopolitical pressure but not altering Israel’s stance, nudging the market lower.
Israeli ambassador to US confirms no withdrawal from southern Lebanon
Israel's ambassador to the US, Yechiel Leiter, confirmed Israel does not plan to withdraw from southern Lebanon, reinforcing the official stance against withdrawal despite the US-Iran peace deal, further lowering market expectations for withdrawal by July 31.
Netanyahu rules out immediate Israeli withdrawal from Lebanon
Israeli Prime Minister Benjamin Netanyahu announced that Israeli forces would remain in southern Lebanon "for as long as necessary," signaling no immediate plans for full withdrawal and dampening market expectations for near-term exit.
Israeli Prime Minister Netanyahu announces continued occupation of southern Lebanon
Netanyahu declared that Israeli forces would remain in southern Lebanon as long as necessary, signaling no immediate full withdrawal and dampening market expectations for a quick exit.
Netanyahu rules out immediate withdrawal from Lebanon
Israeli Prime Minister Benjamin Netanyahu declared that Israeli forces would remain in Lebanon 'for as long as necessary,' explicitly ruling out any immediate withdrawal and strongly influencing market sentiment against a July 31 withdrawal.
Israeli Prime Minister Netanyahu declares continued occupation of southern Lebanon
December 31 drops to 23%14%
Netanyahu publicly stated on June 15 that Israeli forces would remain in the Lebanon security buffer zone "for as long as necessary," signaling no imminent full withdrawal. This statement reinforced market skepticism about a complete withdrawal by the end of 2026.
Israeli leaders declare no withdrawal from southern Lebanon despite US-Iran ceasefire
July 31 plunges to 6%17%
Prime Minister Netanyahu and Defense Minister Katz publicly stated that Israeli forces would remain indefinitely in southern Lebanon's security zones, rejecting withdrawal despite the US-Iran ceasefire agreement. This firm stance caused market prices for near-term withdrawal dates to drop significantly.
Israeli Defense Minister states Israel will stay indefinitely in southern Lebanon
July 31 drops to 12%11%
Defense Minister Israel Katz publicly declared that Israeli ground forces would remain indefinitely in territories held in Lebanon, signaling no planned withdrawal and challenging ceasefire expectations. This statement significantly lowered market confidence in a withdrawal by July 31 and August 31.
Israeli Defense Minister Katz states Israel will remain indefinitely in Lebanon despite US-Iran deal
Following a US-Iran agreement to end the war, Israeli Defense Minister Israel Katz publicly declared that Israel would not withdraw its ground forces from Lebanon, Syria, and Gaza, reinforcing the market's bearish view on withdrawal by July 31.
Netanyahu and Defense Minister Katz affirm no Israeli withdrawal from Lebanon
July 31 rises to 14%1%
On June 15, Israeli Prime Minister Netanyahu and Defense Minister Katz publicly declared Israel would maintain its military presence in Lebanon indefinitely, opposing withdrawal despite the US-Iran peace deal. This solidified market expectations against a July 31 withdrawal, with prices near the low point.
Israel refuses to withdraw from Lebanon despite U.S.-Iran deal
Israeli Defense Minister Israel Katz and Prime Minister Netanyahu publicly declared opposition to withdrawing Israeli forces from Lebanon, signaling continued military presence despite the U.S.-Iran peace agreement. This firm stance further reduced market confidence in Israeli withdrawal by July 31, reflected in the market's low price endpoint.
Israel Defense Minister vows to maintain military presence in southern Lebanon
July 31 plunges to 24%25%
Defense Minister Israel Katz declared that Israeli forces would remain indefinitely in southern Lebanon, rejecting any withdrawal despite the US-Iran ceasefire deal. This official stance significantly reduced market confidence in a withdrawal by July 31 and other near-term dates.
Israeli Defense Minister Katz declares indefinite stay in Lebanon despite US-Iran deal
July 31 rises to 14%2%
Defense Minister Israel Katz publicly stated that Israeli ground forces would remain indefinitely in Lebanon, Syria, and Gaza, directly opposing the US-Iran memorandum of understanding and signaling no imminent withdrawal from Lebanon.
Israel declares no withdrawal from southern Lebanon despite US-Iran ceasefire deal
July 31 drops to 6%8%
Israeli Defense Minister Israel Katz publicly stated that Israeli forces would remain indefinitely in southern Lebanon's security zones, rejecting any withdrawal despite the US-Iran ceasefire agreement. This hardened stance reinforced market skepticism about a near-term withdrawal, causing prices for earlier withdrawal dates to drop.
Netanyahu declares victory over Iran and rules out immediate withdrawal from Lebanon
Israeli Prime Minister Benjamin Netanyahu announced that Israeli forces would remain in southern Lebanon "for as long as necessary," rejecting any immediate withdrawal despite ongoing conflict and ceasefire agreements. This statement significantly reduced market expectations for a near-term withdrawal.
Netanyahu vows Israeli forces will remain in southern Lebanon indefinitely
July 31 drops to 9%6%
Prime Minister Benjamin Netanyahu publicly declared that Israeli ground forces would stay in southern Lebanon "as long as necessary," rejecting any precondition for withdrawal. This hardened stance sharply reduced market confidence in withdrawal by any near-term date.
Netanyahu publicly declares Israeli forces will remain in southern Lebanon indefinitely
July 31 drops to 6%8%
Prime Minister Benjamin Netanyahu announced that Israeli ground forces would stay in southern Lebanon "for as long as necessary," rejecting any immediate withdrawal despite ongoing peace talks and ceasefire agreements. This statement significantly reduced market confidence in a near-term withdrawal, causing prices to drop sharply.
Israel signals refusal to withdraw troops from southern Lebanon
July 31 drops to 18%9%
Israeli officials publicly stated they would maintain security zones in southern Lebanon, rejecting withdrawal demands and reducing market confidence in a near-term withdrawal.
Israeli Defense Minister Katz states forces will remain indefinitely in southern Lebanon
August 31 plunges to 14%15%
Defense Minister Israel Katz publicly declared that Israeli troops would remain indefinitely in the security zones across Lebanon, Syria, and Gaza, rejecting withdrawal despite the US-Iran agreement to end broader hostilities. This reinforced market expectations of no near-term withdrawal.
Lebanese Culture Minister calls for Israeli withdrawal timetable for sustainable peace
September 30 dips to 39%4%
Lebanese Culture Minister Ghassan Salameh urged a clear timetable for Israeli withdrawal from occupied areas to enable a durable ceasefire, highlighting ongoing tensions and the need for concrete steps despite pilot zones. This underscored the diplomatic impasse affecting withdrawal timelines.
Israeli Prime Minister Netanyahu announces continued occupation of southern Lebanon
June 30 dips to 7%3%
On June 15, 2026, Netanyahu declared Israeli forces would remain in the Lebanon security buffer zone as long as necessary, signaling no imminent full withdrawal. This statement reinforced market skepticism about withdrawal by upcoming dates, contributing to price declines.
Israel's Defense Minister Katz declares no withdrawal from southern Lebanon
Defense Minister Israel Katz publicly stated that Israeli forces would remain indefinitely in southern Lebanon's security zones, rejecting any withdrawal despite the US-Iran ceasefire agreement. This firm stance reinforced market skepticism about a near-term withdrawal, causing prices for earlier withdrawal dates to drop.
Lebanese Culture Minister calls for clear timetable for Israeli withdrawal
Lebanese Culture Minister Ghassan Salameh urged for a clear calendar of Israeli withdrawal from occupied southern Lebanon to enable a durable ceasefire, highlighting ongoing tensions and the need for concrete steps. This underscored the political complexity and contributed to market doubts about imminent withdrawal.
Iran says US-Iran deal requires Israeli withdrawal from Lebanon
July 31 dips to 12%2%
Iran's top diplomat stated that the tentative US-Iran agreement to end the war requires Israel to withdraw from Lebanon, a condition Israel rejects, increasing uncertainty and lowering market confidence in withdrawal by July 31.
Israeli Prime Minister Netanyahu rules out immediate withdrawal from Lebanon
June 30 dips to 6%4%
On June 15, 2026, Netanyahu publicly declared that Israeli forces would remain in the Lebanon security buffer zone for as long as necessary, rejecting any immediate withdrawal despite ongoing peace talks and ceasefire agreements, reinforcing market skepticism about a full withdrawal.
Netanyahu declares victory over Iran and rules out withdrawal from Lebanon
July 31 rises to 17%3%
On June 15, Prime Minister Netanyahu publicly ruled out any immediate withdrawal from Lebanon, stating Israeli forces would remain as long as necessary, reinforcing market skepticism and causing prices to fall.
Israeli Defense Minister says Israel will stay indefinitely in lands seized in Lebanon
July 31 rises to 17%3%
On June 15, Israeli Defense Minister Israel Katz publicly declared that Israel plans to remain indefinitely in the lands it holds in Lebanon, directly contradicting expectations of withdrawal and causing further decline in market probability for withdrawal by July 31.
Netanyahu declares Israeli forces will remain indefinitely in Lebanon
July 31 drops to 12%11%
Israeli Prime Minister Benjamin Netanyahu publicly stated that Israeli troops would stay in southern Lebanon "for as long as necessary," rejecting any immediate withdrawal despite ongoing peace talks. This hardened market sentiment against near-term withdrawal.
Netanyahu declares Israeli forces will remain in Lebanon indefinitely
December 31 plunges to 31%18%
Israeli Prime Minister Benjamin Netanyahu publicly stated that Israeli troops would stay in southern Lebanon "for as long as necessary," rejecting any immediate withdrawal despite ongoing peace talks and ceasefire agreements. This hardened market sentiment against early withdrawal, causing a price drop.
US and Iran announce ceasefire including Lebanon, but Israel to remain in Lebanon
July 31 dips to 6%3%
A US-Iran memorandum of understanding declared an immediate and permanent end to military operations on all fronts including Lebanon. However, Israeli Prime Minister Netanyahu announced Israeli forces would remain in Lebanon, dampening expectations of a full withdrawal.
Netanyahu vows Israel will not withdraw from southern Lebanon until Hezbollah disarms
July 31 drops to 12%11%
Prime Minister Benjamin Netanyahu publicly declared that Israeli forces would remain in southern Lebanon indefinitely, rejecting any immediate withdrawal despite ongoing peace talks and ceasefire agreements. This hardened market sentiment against early withdrawal outcomes.
Netanyahu announces Israeli forces will remain in Lebanon security buffer zone 'as long as necessary'
July 31 drops to 18%9%
Prime Minister Benjamin Netanyahu publicly declared that Israeli forces would continue occupying southern Lebanon indefinitely, rejecting immediate withdrawal despite ongoing peace talks. This hardened market sentiment against near-term withdrawal.
Netanyahu and Katz rule out withdrawal from Lebanon despite US-Iran deal
Israeli leadership explicitly rejected any withdrawal from southern Lebanon, stating that ground forces will remain in the security zones indefinitely.
Israeli Prime Minister Netanyahu rules out immediate withdrawal from Lebanon
July 31 drops to 16%7%
Netanyahu announced Israeli forces would remain in southern Lebanon "for as long as necessary," signaling no imminent full withdrawal and dampening market expectations for early withdrawal dates.
Israeli leadership reaffirms no withdrawal from occupied Lebanese territory
July 31 dips to 13%1%
Prime Minister Netanyahu and Defense Minister Katz publicly declared Israel would maintain its military presence in southern Lebanon indefinitely, opposing any withdrawal despite international pressure and ceasefire agreements, solidifying market pessimism about full withdrawal.
Israel refuses to pull back in Lebanon despite US-Iran deal
July 31 dips to 12%2%
Israel's Defense Minister Katz and Prime Minister Netanyahu publicly opposed withdrawing Israeli forces from Lebanon despite the US-Iran ceasefire deal, signaling continued military presence and reducing market confidence in withdrawal by the deadline.
Netanyahu and Defense Minister Katz declare no withdrawal from southern Lebanon
On June 15, Israeli Prime Minister Netanyahu and Defense Minister Israel Katz publicly stated that Israeli forces would remain indefinitely in southern Lebanon's security zones, rejecting any withdrawal despite the US-Iran ceasefire agreement. This firm stance significantly reduced market expectations for a near-term withdrawal, causing prices for all withdrawal dates to drop sharply.
Netanyahu rules out immediate withdrawal from Lebanon, vows to maintain forces
December 31 plunges to 49%23%
Israeli Prime Minister Benjamin Netanyahu declared victory over Iran and stated that Israeli forces would remain in Lebanon "for as long as necessary," signaling no immediate withdrawal. This hardened stance likely decreased market confidence in a near-term full withdrawal.
Lebanese minister calls for withdrawal timetable; Israel says security zone will stay
Lebanese Culture Minister Ghassan Salameh called for a clear timetable for Israeli withdrawal, but Israeli officials reiterated that they would retain the security zone, reinforcing market pessimism.
Israeli Defense Minister Katz rules out withdrawal from Lebanon despite US-Iran deal
July 31 drops to 14%5%
Israel Katz publicly declared that Israel would not withdraw from southern Lebanon despite the emerging US-Iran peace agreement, emphasizing continued military presence and readiness to respond forcefully to Iranian attacks. This statement significantly lowered market expectations for withdrawal by July 31.
Israeli Prime Minister Netanyahu vows to maintain occupation in southern Lebanon
July 31 dips to 4%2%
Netanyahu publicly declared that Israeli forces would remain in southern Lebanon indefinitely, rejecting withdrawal despite ceasefire agreements, which strongly influenced market expectations toward a 'No' outcome for withdrawal by July 31.
Netanyahu says Israeli troops will stay in Lebanon indefinitely
Prime Minister Benjamin Netanyahu publicly declared that Israeli ground forces would remain in southern Lebanon indefinitely, rejecting any pre‑condition of withdrawal. The announcement sharply reduced market confidence in a withdrawal by any of the listed dates, coinciding with the steep price drop on 23 June.
Israeli Defence Minister states Israel will stay indefinitely in lands seized in Lebanon
July 31 dips to 12%2%
Israel's Defence Minister Israel Katz declared that Israeli ground forces would remain indefinitely in territories held in Lebanon, Syria, and Gaza, signaling no planned withdrawal and challenging ceasefire expectations. This statement further reduced market confidence in a withdrawal by July 31.
Israeli leaders declare no immediate withdrawal from southern Lebanon
Israeli Prime Minister Netanyahu and Defense Minister Katz publicly stated that Israeli forces would remain in southern Lebanon indefinitely to counter Hezbollah threats, rejecting any immediate withdrawal despite international pressure. This hardened stance decreased market expectations for a full withdrawal by the end of 2026.
Israeli Defense Minister vows to remain in southern Lebanon despite Iran deal
July 31 jumps to 18%6%
Defense Minister Israel Katz vowed that Israeli forces would remain in southern Lebanon and resist any pressure to withdraw, reinforcing the stance against withdrawal and contributing to low market prices for a July 31 withdrawal.
Israeli defence minister says Israel will not withdraw from Lebanon under any circumstances
July 31 plunges to 24%25%
Defense Minister Israel Katz told U.S. officials that Israel will not withdraw from Lebanon under any circumstances, emphasizing a policy of maintaining a security buffer. The unequivocal refusal pushed market odds sharply lower for any July‑31 withdrawal, dropping the Yes price from 49 % to 24 % the next day.
Netanyahu vows Israeli forces will remain in Lebanon 'as long as necessary'
Israeli Prime Minister Benjamin Netanyahu announced that Israeli forces would continue to occupy southern Lebanon indefinitely, rejecting any immediate withdrawal despite ceasefire agreements. This statement significantly lowered market confidence in a near-term full withdrawal.
Israeli forces advance deeper into southern Lebanon beyond Litani River
August 31 plunges to 7%22%
Israeli ground forces expanded operations deeper into southern Lebanon, capturing strategic positions such as Beaufort Castle and advancing near Nabatieh. This military escalation reduced market confidence in a near-term withdrawal, reflected in falling prices for withdrawal by June 30 and later dates.
Netanyahu and Defense Minister Katz declare Israel will remain indefinitely in Lebanon
July 31 dips to 14%2%
Israeli Defense Minister Israel Katz and Prime Minister Benjamin Netanyahu publicly stated that Israeli ground forces would remain indefinitely in Lebanon, Syria, and Gaza, directly opposing US-Iran peace deal provisions and signaling no withdrawal, which caused market confidence in withdrawal to drop further.
Israeli Defense Minister Katz opposes withdrawal from Lebanon
July 31 dips to 13%2%
Defense Minister Katz publicly opposed withdrawing Israeli forces from Lebanon, emphasizing ongoing combat operations and rejecting withdrawal plans. This solidified the market's bearish view on a July 31 withdrawal.
Israeli forces cross Litani River, intensifying ground incursion
IDF announced it had crossed the Litani River and was advancing toward Nabatieh, showing a deepening ground incursion and reducing the probability of a withdrawal by any of the forecast dates.
Lebanese army withdraws from southern village after Israeli advance nearby
July 31 jumps to 19%5%
The Lebanese army withdrew from a base in southern Lebanon following Israeli troop advances, indicating Israel's continued military presence and territorial control, which dampened market expectations for a full withdrawal by July 31.
Lebanese army withdraws from southern village after Israeli advance
July 31 rises to 14%1%
The Lebanese army withdrew from a southern village following Israeli troop advances nearby, indicating continued Israeli military presence and operations in Lebanon, further lowering market confidence in a July 31 withdrawal.
Report claims US-Iran deal would require complete Israeli withdrawal from Lebanon
July 31 rises to 15%3%
A report emerged stating that an ostensibly finalized US-Iran deal would require Israel to completely halt its offensive and rapidly withdraw from southern Lebanon.
Report: US-Iran deal requires Israel to halt offensive in Lebanon
July 31 dips to 13%1%
On June 12, reports emerged that the US-Iran deal to end regional fighting stipulates Israel must completely halt its offensive against Hezbollah in Lebanon. However, Israeli officials rejected withdrawal, limiting market optimism about a full withdrawal by July 31.
Former Israeli leader warns against withdrawal from Lebanon
July 31 dips to 13%1%
Ehud Barak, former Israeli Prime Minister who oversaw the 2000 withdrawal, cautioned against getting stuck again in Lebanon, reflecting internal Israeli debate. The ongoing conflict and lack of consensus on withdrawal contributed to market doubts about a near-term Israeli withdrawal announcement.
Israel will not withdraw from Lebanon despite US-Iran deal
July 31 dips to 12%4%
Israeli sources and Prime Minister Netanyahu confirmed that withdrawal from Lebanon was not part of the US-Iran deal, and Israel would maintain its military presence. This official stance further reduced market expectations for withdrawal by July 31.
Israeli airstrike kills civilians in Beirut’s southern suburbs amid ongoing conflict
July 31 dips to 13%2%
An Israeli raid on the town of Saksakiyeh killed at least two civilians, highlighting continued hostilities despite ceasefire talks. This underscored Israel's ongoing military presence and operations in Lebanon, reducing market confidence in withdrawal by July 31.
Israeli military strikes southern Lebanon amid evacuation orders
July 31 dips to 7%4%
Despite ceasefire talks, Israeli forces conducted airstrikes in southern Lebanon and issued evacuation orders for several villages, indicating ongoing conflict and reducing confidence in a full withdrawal by July 31.
Hezbollah rejects ceasefire deal agreed by Israel and Lebanon
December 31 plunges to 27%22%
Hezbollah officially rejected a ceasefire deal provisionally agreed upon by Lebanon and Israel, demanding a full Israeli withdrawal from Lebanese territory. This rejection led to renewed Israeli strikes and diminished prospects for an immediate ceasefire, negatively impacting market expectations for Israeli withdrawal.
Hezbollah rejects ceasefire deal agreed on by Israel and Lebanon
Hezbollah officially rejected the ceasefire deal between Lebanon and Israel, calling the negotiations absurd and humiliating. The group demanded a full Israeli withdrawal from Lebanese territory and refused to disarm, undermining prospects for a comprehensive ceasefire and Israeli withdrawal.
Hezbollah rejects ceasefire deal without Israeli withdrawal from Lebanon
July 31 dips to 14%2%
Hezbollah rejected any ceasefire that did not start with Israeli withdrawal from Lebanese territory, while Israel launched fresh attacks, indicating ongoing conflict and no imminent withdrawal, further lowering market expectations.
Israeli forces withdraw from Debbine area in southern Lebanon for logistical reasons
July 31 dips to 14%2%
The Israeli military withdrew from the Debbine area, allowing Lebanese army deployment, but this was a limited, logistical withdrawal not signaling full Israeli withdrawal from Lebanon, thus having limited market impact.
Hezbollah rejects ceasefire deal, demands Israeli withdrawal first
July 31 dips to 14%1%
Hezbollah leader Naim Kassem rejected the ceasefire agreement, insisting Israeli forces must withdraw first, and pledged to continue attacks, signaling ongoing conflict and reducing likelihood of Israeli withdrawal by July 31.
Israeli forces begin limited withdrawal from some southern Lebanese villages
July 31 dips to 15%2%
Reports indicated Israeli troops began withdrawing from villages such as Debbine and Marjayoun, replaced by Lebanese army units, signaling a limited Israeli pullback but not a full withdrawal, which was insufficient for market optimism.
Lebanese government announces pilot zones for Lebanese army control in southern Lebanon
July 31 dips to 9%4%
Lebanese officials declared plans to deploy the Lebanese Armed Forces in pilot zones in southern Lebanon as a first step toward Israeli withdrawal, but Hezbollah rejected the deal. This partial progress raised hopes but also highlighted challenges, causing moderate market price declines for near-term withdrawal outcomes.
Hezbollah rejects US-backed Israel-Lebanon ceasefire deal
July 31 dips to 2%2%
Hezbollah officially rejected the ceasefire deal agreed upon by Israel and Lebanon, calling it humiliating and insisting on full Israeli withdrawal. This rejection undermined prospects for a comprehensive ceasefire and contributed to continued hostilities.
Hezbollah rejects ceasefire deal as Israel vows to continue operations
July 31 dips to 14%1%
Hezbollah rejected the US-brokered ceasefire, demanding a full Israeli withdrawal first, while Israel's defense minister stated ground forces would not withdraw.
Israel announces it will continue ground operations in southern Lebanon despite ceasefire
July 31 dips to 14%2%
Israel's Defense Minister Israel Katz declared that Israeli forces would not withdraw from southern Lebanon and would continue military operations despite the ceasefire agreement. This official stance strongly signaled no withdrawal announcement, pushing market prices lower.
Lebanese military reports Israeli withdrawal from Debbine area amid ceasefire talks
July 31 dips to 15%3%
The Lebanese military announced that Israeli forces had withdrawn from the Debbine area, allowing Lebanese army deployment and signaling partial implementation of ceasefire terms. However, Israel continued operations elsewhere, causing mixed market reactions.
Hezbollah rejects U.S‑brokered Israel‑Lebanon ceasefire
Hezbollah rejected the U.S‑brokered ceasefire announced on 3 June, calling it a “partial” deal. The rejection undermined expectations of a rapid Israeli pull‑out and pushed market odds for any withdrawal date sharply lower.
Israel and Lebanon agree to conditional ceasefire but Israel refuses to withdraw
July 31 dips to 15%1%
Israel and Lebanon agreed to a ceasefire and creation of pilot zones under Lebanese control, but Israeli Defense Minister Katz declared that Israel would continue military operations and not withdraw from Lebanon, dampening market expectations for withdrawal by July 31.
Hezbollah rejects partial withdrawal deal, demands full Israeli withdrawal
Hezbollah rejected the deal reached between Lebanon and Israel, demanding a full Israeli withdrawal and a full ceasefire. This rejection diminished prospects for a complete Israeli withdrawal, reflected in declining market prices for withdrawal by all dates.
Israeli Defense Minister vows to maintain military presence in southern Lebanon
July 31 dips to 13%2%
Defense Minister Israel Katz declared that Israeli forces would remain in southern Lebanon indefinitely despite pressures, signaling no imminent withdrawal. This official stance reinforced market skepticism about a withdrawal announcement by July 31, contributing to price declines.
Hezbollah rejects ceasefire deal agreed by Israel and Lebanon
July 31 drops to 14%5%
Hezbollah rejected the ceasefire agreement between Israel and Lebanon, demanding a full Israeli withdrawal as a precondition. This rejection signaled ongoing conflict and diminished prospects for Israeli withdrawal, contributing to market price declines.
Israel and Lebanon announce ceasefire agreement
July 31 rises to 27%4%
Israel and Lebanon announced a ceasefire, raising hopes for de-escalation and a possible withdrawal, which initially increased market optimism about withdrawal prospects.
Hezbollah rejects ceasefire without Israeli withdrawal from Lebanon
July 31 dips to 16%2%
Hezbollah publicly rejected any ceasefire that did not begin with Israeli withdrawal from Lebanese territory, reinforcing the impasse and reducing market confidence in a near-term Israeli withdrawal.
Israeli Defense Minister says military will continue operations, no withdrawal
July 31 drops to 17%13%
Despite the ceasefire agreement, Israeli Defense Minister Israel Katz stated that Israel would continue military operations in Lebanon and would not withdraw its forces, dampening market expectations for a full withdrawal and causing prices to fall.
Israel and Lebanon agree to conditional ceasefire but Israel continues operations
July 31 dips to 14%2%
Despite agreeing to a conditional ceasefire and planning further talks, Israeli Defense Minister Katz stated that Israel would continue military operations in Lebanon and not withdraw at this time, reinforcing the market's bearish view on withdrawal prospects.
Israeli strikes kill civilians as ceasefire is violated on day of announcement
Israeli air‑strikes killed at least ten people in southern Lebanon on the day the ceasefire was announced, and fighting continued the next day, signalling that ground forces were not withdrawing.
Trump announces ceasefire between Israel and Hezbollah after deadly clashes
July 31 dips to 16%4%
President Trump brokered a ceasefire agreement aiming to halt reciprocal strikes between Israel and Hezbollah, including commitments to avoid targeting Beirut's southern suburbs. However, Israeli Prime Minister Netanyahu stated that operations in southern Lebanon would continue, limiting market optimism for withdrawal by July 31.
US-brokered ceasefire announced between Israel and Hezbollah in Lebanon
July 31 drops to 18%8%
President Trump announced a ceasefire agreement between Israel and Hezbollah, including commitments to halt attacks, but Israel maintained military operations in southern Lebanon, limiting market confidence in full withdrawal by July 31.
Israel and Lebanon agree to conditional ceasefire with further talks planned
July 31 dips to 16%4%
Israel and Lebanon agreed to implement a ceasefire contingent on Hezbollah ceasing fire and withdrawing operatives, with plans to reconvene talks the week of June 22. However, Israeli Defense Minister Israel Katz stated that Israeli forces would continue operations and not withdraw immediately, signaling ongoing military presence and reducing withdrawal expectations.
Ceasefire collapses as Netanyahu rejects US claims, vows continued operations in Lebanon
July 31 dips to 15%1%
Despite US President Trump's announcement of a ceasefire, Israeli Prime Minister Netanyahu rejected it and vowed to continue military operations in southern Lebanon, signaling no withdrawal and escalating conflict tensions.
Israel rejects ceasefire claims, escalates strikes in southern Lebanon
July 31 drops to 18%8%
Israeli Prime Minister Netanyahu rejected US President Trump's ceasefire claims and vowed to continue military operations in southern Lebanon, escalating strikes including in Beirut's southern suburbs. This hardened stance diminished expectations of withdrawal, causing market prices to fall.
Israel deepens ground incursion in Lebanon, threatens Beirut
Reports of Israeli troops advancing near the Qalaat al‑Shqif fortress and threatening Beirut signalled deeper ground operations, further lowering withdrawal probabilities.
Egypt urges Israeli withdrawal as Israel expands ground operations in Lebanon
July 31 dips to 16%2%
Egypt reaffirmed the need for full Israeli withdrawal from Lebanese territory, while Israel announced expansion of its ground offensive in southern Lebanon, signaling continued Israeli military presence and reducing withdrawal prospects.
Israel closes beaches and suspends schools near Lebanon border amid rising tensions
The Israeli military suspended educational activities and closed beaches near the Lebanese border as ground operations deepened and cross-border exchanges intensified, reflecting ongoing conflict and reducing expectations of imminent withdrawal.
Netanyahu celebrates IDF capture of Beaufort Castle in southern Lebanon
July 31 rises to 20%2%
Prime Minister Netanyahu's statement celebrating Israeli military gains in southern Lebanon signaled continued Israeli presence and military operations, dampening prospects for withdrawal by July 31.
Netanyahu announces IDF advances deeper into southern Lebanon
December 31 drops to 36%13%
Prime Minister Netanyahu celebrated the IDF's capture of strategic locations in southern Lebanon, signaling an expansion of Israeli ground operations and a firm military presence, which decreased market confidence in a near-term withdrawal.
Israel expands ground operation in southern Lebanon, captures Beaufort Castle
December 31 drops to 37%12%
Israeli forces launched a large-scale ground operation expanding their control in southern Lebanon, including capturing strategic locations like Beaufort Castle. This military expansion indicated Israel's intent to maintain and deepen its presence rather than withdraw, negatively impacting withdrawal market probabilities.
IDF chief hints at possible symbolic withdrawals from non‑essential sites
December 31 dips to 49%3%
A minor comment from the Defence Ministry hinted at a “symbolic” withdrawal from areas that “the IDF does not need,” briefly nudging odds upward for the December‑31 market before the overall downward trend resumed.
Israeli forces advance north of Lebanon's Litani River amid ongoing conflict
Israeli Prime Minister Netanyahu announced that Israeli forces had crossed the Litani River and taken control of positions in southern Lebanon, escalating the conflict and reducing market confidence in a near-term withdrawal.
Israel intensifies attacks on southern Lebanon, causing civilian casualties
July 31 drops to 18%7%
Israeli military escalated ground and air operations in southern Lebanon, including capturing strategic positions, signaling no imminent withdrawal and increasing conflict intensity. This military escalation reduced market confidence in a near-term Israeli withdrawal, contributing to price decline.
Israel expands military ground operations in southern Lebanon amid clashes with Hezbollah
July 31 dips to 18%3%
Israel intensified ground operations in southern Lebanon, seizing strategic areas and fortifying positions to protect northern towns from Hezbollah attacks. This expansion signaled Israel's intent to maintain a military presence, reducing market confidence in withdrawal by July 31.
Israel steps up Lebanon offensive amid US push for Iran peace deal
July 31 jumps to 37%14%
Israeli military officials announced operations beyond the forward defense line in southern Lebanon, signaling an escalation despite ongoing US efforts to broker peace with Iran. This increased military activity reduced market confidence in a near-term Israeli withdrawal.
Israel and Hezbollah clash along strategic river amid ongoing strikes
July 31 drops to 18%6%
Israeli forces clashed with Hezbollah in southern Lebanon, with Israel stating it would not withdraw until Hezbollah no longer posed a threat. This ongoing conflict reduced market confidence in a near-term Israeli withdrawal.
Israel expands ground operations in southern Lebanon amid ongoing conflict
July 31 dips to 28%2%
Israel intensified its ground military operations in southern Lebanon, seizing strategic areas and fortifying positions to protect northern towns from Hezbollah attacks. This escalation reduced market confidence in a near-term withdrawal by July 31.
Israel expands military ground operations in southern Lebanon
July 31 drops to 18%9%
Israel intensified ground operations in southern Lebanon, pushing beyond the Litani River and fortifying positions to protect northern towns from Hezbollah attacks. This military escalation reduced market confidence in a near-term Israeli withdrawal, causing a price drop in the July 31 outcome.
Israel expands ground operation beyond 'yellow line' in south Lebanon
July 31 drops to 25%11%
Israeli forces intensified ground operations in southern Lebanon, pushing beyond the previously recognized security zone and capturing strategic positions such as Beaufort Castle. This military escalation increased doubts about imminent Israeli withdrawal, negatively impacting market optimism for a July 31 withdrawal.
Israel intensifies strikes on Hezbollah targets in southern Lebanon
July 31 drops to 18%5%
Israel conducted extensive airstrikes on Hezbollah-linked sites in southern Lebanon, escalating conflict and signaling no imminent withdrawal, which pressured market prices downward for near-term withdrawal outcomes.
Israel expands ground operations beyond security zone in southern Lebanon
July 31 drops to 18%6%
Israeli military intensified attacks and expanded ground operations in southern Lebanon, killing soldiers and civilians, signaling no imminent withdrawal and increasing market doubts about a quick exit.
Lebanese President demands Israeli withdrawal as non-negotiable
July 31 surges to 38%15%
Lebanese President Joseph Aoun declared Israel's withdrawal from southern Lebanon a non-negotiable demand ahead of US-mediated talks, emphasizing ongoing Israeli occupation and attacks. This reinforced Lebanese resolve against Israeli presence, impacting market perceptions of withdrawal likelihood.
Lebanese President declares Israeli withdrawal from south Lebanon 'non-negotiable'
July 31 jumps to 37%14%
Lebanese President Joseph Aoun emphasized that Israel's withdrawal from southern Lebanon is a non-negotiable demand, reinforcing Lebanon's stance ahead of upcoming US-mediated talks. This statement underscored continued tensions and the improbability of imminent Israeli withdrawal, impacting market sentiment negatively.
Israeli National Security Minister opposes withdrawal from Lebanese territory
July 31 surges to 38%15%
National Security Minister Itamar Ben Gvir publicly stated opposition to any Israeli withdrawal from Lebanese territory held by Israeli forces, reinforcing the government's stance against pulling back despite external pressures. This statement contributed to market uncertainty and price fluctuations.
Israeli National Security Minister vows no withdrawal from captured Lebanese territory
July 31 plunges to 20%29%
On May 25, National Security Minister Itamar Ben Gvir declared Israel would not withdraw from any territory in Lebanon captured by its forces, signaling a firm stance against withdrawal despite ongoing US-Iran negotiations. This hardened position contributed to a market price drop for the July 31 withdrawal option from 49% to 20%.
Lebanese President declares Israeli withdrawal from south Lebanon 'non-negotiable'
Lebanese President Joseph Aoun stated that Israel's withdrawal from southern Lebanon is a non-negotiable demand, reinforcing Lebanon's firm stance ahead of upcoming US-mediated talks. This heightened expectations for eventual Israeli withdrawal, supporting moderate market optimism.
Lebanese President declares Israeli withdrawal from south Lebanon 'non-negotiable'
Lebanese President Joseph Aoun emphasized that Israel's withdrawal from southern Lebanon remains a firm national demand pursued through negotiations, reinforcing Lebanon's stance amid ongoing conflict and ceasefire talks. This statement underscored the political pressure for withdrawal but did not indicate imminent Israeli action, contributing to market uncertainty.
Israeli airstrike kills civilians in southern Lebanon amid escalating conflict
July 31 jumps to 30%7%
An Israeli airstrike on a residential building in Sir el Gharbiyeh killed at least 11 people, escalating tensions and reducing market confidence in a near-term Israeli withdrawal from Lebanon.
Ceasefire talks begin but conflict continues in Lebanon
Despite a formal ceasefire announced in April, fighting between Israel and Hezbollah in southern Lebanon continued, with Lebanon demanding Israeli withdrawal to halt the conflict's impact on civilians. This ongoing conflict kept market uncertainty high about a withdrawal.
Israel intensifies military operations in southern Lebanon amid ongoing conflict
July 31 surges to 49%26%
On May 22, Israel expanded ground operations in southern Lebanon, pushing deeper into Lebanese territory and increasing clashes with Hezbollah. This escalation signaled Israel's intent to maintain military presence, reducing market confidence in a near-term withdrawal by July 31.
Israel and Lebanon expand direct talks aiming for ceasefire and phased Israeli withdrawal
July 31 jumps to 37%14%
On May 22, Israel and Lebanon engaged in expanding direct dialogue to achieve a comprehensive ceasefire and phased Israeli withdrawal from southern Lebanon, raising initial market optimism for withdrawal by July 31.
Israel and Lebanon expand talks but Lebanon demands Israeli withdrawal
July 31 jumps to 36%13%
On May 22, direct talks between Israel and Lebanon expanded to include a military track, with Lebanon insisting on Israeli withdrawal to halt conflict fallout. This increased market uncertainty about withdrawal timing, reflected in initial price volatility.
Netanyahu orders army to 'vigorously attack' Hezbollah in Lebanon amid ceasefire breaches
June 30 dips to 7%4%
Israeli Prime Minister Netanyahu ordered intensified military attacks against Hezbollah targets in Lebanon following ceasefire violations. This escalation and continued military presence inside Lebanon signaled no imminent withdrawal, contributing to the market's decline in the probability of withdrawal by June 30.
Israeli strikes kill 14 in Lebanon as Israel warns residents to leave towns beyond 'buffer zone'
June 30 dips to 11%3%
Israeli military strikes killed civilians in southern Lebanon and warned residents to evacuate towns beyond the buffer zone it occupied. Israel maintained military operations inside Lebanon despite the ceasefire, indicating ongoing control and conflict rather than withdrawal, which further decreased market confidence in withdrawal by June 30.
Israel-Lebanon ceasefire extended by three weeks after Oval Office meeting
June 30 dips to 16%2%
Following talks hosted by U.S. President Trump, Israel and Lebanon agreed to extend the ceasefire for three more weeks. Despite the extension, Israeli strikes and Hezbollah attacks continued, and Israeli forces maintained their positions inside Lebanon, signaling no imminent withdrawal and pushing market prices lower.
Israeli military publishes map showing control of new deployment line inside southern Lebanon
June 30 dips to 17%2%
Israel publicly revealed a map of its forward defense line extending 5-10 km into southern Lebanon, controlling dozens of mostly abandoned Lebanese villages. This demonstrated Israel's continued military presence and control inside Lebanon despite the ceasefire, reducing confidence in a near-term withdrawal.
Israel and Lebanon agree to U.S.-brokered 10-day ceasefire with Israeli forces remaining in southern Lebanon
June 30 plunges to 19%25%
A U.S.-mediated ceasefire took effect on April 16-17, intended to pause hostilities and enable peace talks. Israeli Prime Minister Netanyahu stated that Israeli ground forces would remain in a 10-kilometer security zone inside southern Lebanon, signaling no immediate withdrawal. This initial ceasefire raised hopes but did not indicate withdrawal, causing market prices for near-term withdrawal to fall from 44%.
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