Lebanese President Joseph Aoun has repeatedly conditioned any direct contact with Israeli Prime Minister Benjamin Netanyahu on implementation of a durable ceasefire and progress toward Lebanese sovereignty in the south, including Hezbollah disarmament. US-mediated talks in Washington produced a conditional ceasefire agreement in early June 2026 that requires Hezbollah to cease fire and allows Lebanese forces exclusive control in designated pilot zones, yet Hezbollah rejected key elements and no bilateral leader-level dialogue has occurred. Netanyahu has signaled openness to engagement once security conditions are met, while Aoun faces domestic constraints from Hezbollah and has declined earlier US-brokered calls despite repeated American pressure for a meeting or phone conversation to build momentum. Resolution of the market hinges on whether ceasefire terms stabilize sufficiently for Aoun to authorize contact before the deadline.