MK Moshe Gafni, leader of the ultra-Orthodox Degel HaTorah faction, has called on Prime Minister Benjamin Netanyahu to push forward the Basic Law: Torah Study bill without modifications, despite legal cautions. The bill seeks to equate Torah study with IDF service, a move that could legally entrench military exemptions for Haredi students. This demand comes amid a sensitive political climate in Israel, where a Supreme Court ruling in June 2024 had previously ended automatic military exemptions for Haredi men. The push for the bill, unaltered, has the potential to stall legislative processes and escalate tensions within Netanyahu’s coalition.
Key Takeaways
Gafni’s demand appears to indicate potential instability within the ruling coalition, which could affect Netanyahu’s political standing.
Current market pricing suggests a decline in the likelihood of Netanyahu’s ouster by the end of 2026, with a 35.5% probability.
The situation may also influence the market pricing of potential Israeli parliament dissolution by July 31, with a 74% YES probability.
