Israel’s defense minister declared the nation will maintain its military presence in southern Lebanon, even if pressured by the United States to withdraw. The stance is part of Israel’s ongoing conflict with Hezbollah, an Iran-backed militant group.
A U.S.-mediated ceasefire was announced on June 19, 2026, but Hezbollah rejected the terms, demanding a full Israeli withdrawal. Israel insists its presence in the south is crucial for national security, citing threats from rockets targeting its northern regions.
Market odds for a peace deal by June 30, 2026, dropped to 3.7% from 7% a day earlier, reflecting deep skepticism about near-term resolution.