The U.S. Department of State issued a joint statement with Israel and Lebanon confirming that the two nations have agreed to implement a cease‑fire following a fourth round of trilateral talks.
The cease‑fire is explicitly conditional on Hezbollah agreeing to wind down its hostilities and to withdraw its forces from South Lebanon.
Israel and Lebanon had previously reached a cease‑fire in April, which was extended in May, but fighting persisted, with Israel continuing strikes on Hezbollah‑controlled suburbs of Beirut and Hezbollah launching retaliatory attacks.
Iran has stated it will not accept any peace agreement with the United States and Israel unless Lebanon is also covered by the cease‑fire, and it has recently halted indirect peace negotiations with the U.S., although U.S. officials say talks are still ongoing.
The announcement comes amid heightened military tension in the Middle East, including a series of air strikes exchanged between the United States and Iran over the past week.
Market reaction at the time showed the S&P 500 index down 0.73 % and crude oil futures (LCOc1) down 0.67 %.
