BEIRUT (Reuters) – U.S. President Joe Biden and French President Emmanuel Macron are expected to announce a ceasefire between Lebanon’s Hezbollah and Israel within 36 hours under existing plans, four senior Lebanese sources said on Monday.
The French presidency and the White House did not immediately respond to requests for comment.
Earlier, the pan-Arab Asharq al-Awsat newspaper reported that Biden and Macron would declare a 60-day ceasefire on Tuesday. Officials in Washington declined to respond when asked about a possible announcement on Tuesday. In Paris, officials only said talks were ongoing.
### Analysis:
U.S. President Joe Biden and French President Emmanuel Macron are on the brink of announcing a ceasefire between Lebanon’s Hezbollah and Israel within the next 36 hours. This potential development could have far-reaching implications for the Middle East region and the global geopolitical landscape. Investors should closely monitor this situation as any progress towards peace could impact financial markets and investor sentiment. Stay tuned for further updates on this developing story.