## Market Snapshot

Israeli parliament dissolution: 49% YES. Israel x Hezbollah permanent peace deal: 0.5% YES. Israel withdraws from Lebanon: 6.5% YES. The latest developments suggest increased military activity by Israel in Lebanon.

## Key Takeaways

– Netanyahu’s directive to expand military exercises appears consistent with decreased likelihood of a permanent peace deal with Hezbollah. – The decision suggests reduced probability of Israel withdrawing from Lebanon by the end of June. – Market pricing suggests that the news has little impact on the likelihood of Israeli parliament dissolution.

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