Lebanon — Lebanese Armed Forces & Hezbollah

Lebanon — Lebanese Armed Forces: Lebanese army tasked with deploying in the south and disarming Hezbollah. Its capacity and effectiveness are crucial to the agreement's success.

Hezbollah: Iran-backed militant group that triggered the war and rejects disarmament. Its continued armed presence is the main obstacle to a lasting peace and Israeli withdrawal, and it faces severe military and political pressure.

Lebanon — Lebanese Armed Forces: The national army that would assume greater responsibility in southern Lebanon if UNIFIL departs, and which coordinates with the peacekeepers.

Hezbollah: The resistance movement whose disarmament is a key issue; its activities and rearmament are cited by Israel and the US as reasons to end UNIFIL.

Lebanon — Lebanese Armed Forces: Erdogan pledged support to the Lebanon — Lebanese Armed Forces, which may strengthen its capabilities.

Hezbollah: Hezbollah's conflict with Israel led to the war; the group is expected to disarm under the framework agreement, weakening its military stance.

Lebanon — Lebanese Armed Forces: The Lebanon — Lebanese Armed Forces coordinates firefighting movements and relays requests to the deconfliction group. Its role is operational and may be strained by the ongoing incidents, but it has no direct market impact.

Hezbollah: Hezbollah is indirectly involved as the ceasefire partner; the fires occur in areas where it operates. The destruction may affect its support base and operational environment, but its direct market impact is limited.

Lebanon — Lebanese Armed Forces: Lebanese army is being deployed to southern villages under a pilot program.

Hezbollah: Hezbollah is an Iranian ally targeted in Lebanon; Israel's occupation of southern Lebanon and pilot program for Lebanese army deployment affect its operations.

Lebanon — Lebanese Armed Forces: The Lebanon — Lebanese Armed Forces has beefed up its presence on the streets to prevent internal instability and friction between displaced people and locals, aiming to preserve civil peace.