AbstractThis study presents the first attempt to simulate a full cycle of the quasi‐biennial oscillation (QBO) in a global storm‐resolving model (GSRM) that explicitly simulates deep convection and gravity waves instead of parameterizing them. Using the Icosahedral Nonhydrostatic (ICON) model with horizontal and vertical resolutions of about and , respectively, we show that an untuned state‐of‐the‐art GSRM is already on the verge of simulating a QBO‐like oscillation of the zonal wind in the tropical stratosphere for the right reasons. ICON shows overall good fidelity in simulating the QBO momentum budget and the downward propagation of the QBO jets in the upper QBO domain (25–35 km). In the lowermost stratosphere, however, ICON does not simulate the downward propagation of the QBO jets to the tropopause. This is the result of a pronounced lack of QBO wave forcing, mainly on planetary scales. The lack of planetary‐scale wave forcing in the lowermost stratosphere is caused by an underestimation of planetary‐scale wave momentum fluxes entering the stratosphere. We attribute this lack of planetary‐scale wave momentum fluxes to a substantial lack of convectively coupled equatorial waves (CCEWs) in the tropical troposphere. Therefore, we conclude that in ICON, simulating a realistic spatio‐temporal variability of tropical deep convection, in particular CCEWs, is currently the main roadblock toward simulating a reasonable QBO. To overcome this intermediate situation, we propose to aim at an improved explicit simulation of tropical deep convection by retuning the remaining parameterizations of cloud microphysics and vertical diffusion, and by increasing the horizontal resolution.