Despite the major role of Saudi Arabia and Iran, international actors such as France and Egypt have also involved themselves to ensure continued stability in Lebanon, and to prevent further destabilization in the region.

Halim Shebaya, a political analyst based in Beirut, underlined this international support as a key aspect in keeping the Lebanese government together.

"There is a cautious optimism in Lebanon with regards to reports of a French-Egyptian initiative that would 'save' the presidential settlement or the Aoun-Hariri rapprochement," Shebaya told Xinhua.

However, like Nader and Bitar, Shebaya noted that the ultimate key to internal peace rested in the hands of Hezbollah.

While all three analysts foresaw internal concessions and negotiations, London-based analyst Kareem Chehayeb said this political fiasco could function as a reminder of Lebanon's fragile state.

"If you look at the last president, Michel Sleiman, he was brought in as a neutral figure, whereas (Speaker Nabih) Berri was pro-Hezbollah. There was (former Prime Minister) Mikati who was pro-Saudi Arabia. This balance is what Lebanon relies on, so it can remain neutral," Chehayeb said.

"Of course, this is very fragile, so every now and then we will see this fragility exposed," he added.

Negotiations will indeed take place, but what they will look like remains to be seen.

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