IDF destroys Hezbollah’s largest tunnel network amid ceasefire stability

The IDF announced the destruction of Hezbollah’s largest tunnel network in southern Lebanon, a development that coincides with the Israel x Hezbollah ceasefire by April 30 market sitting at 100% YES. The operation signals continued military activity even as markets price in no disruption to ceasefire timelines. Market reaction The ceasefire by June 30 contract also sits at 100% YES, with no spread between the April and June contracts. The term structure shows no movement, meaning traders see no risk of ceasefire collapse from this tunnel operation. The suspension of Lebanon offensive markets are at 100% YES across April, May, and June resolutions.

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