Israeli President Isaac Herzog continues to review Prime Minister Benjamin Netanyahu’s November 2025 pardon request for ongoing corruption charges, with the Justice Ministry’s Pardons Department having forwarded materials for formal opinion. Recent testimony from former Attorney General Avichai Mandelblit highlighted investigative steps taken without his approval, prompting Knesset Speaker Amir Ohana to urge clemency in an October 2026 letter, though this carries no formal procedural weight. U.S. President Trump previously wrote Herzog supporting a full pardon, citing national interest and the trial’s demands on wartime leadership. Herzog has signaled substantive, independent consideration without precedent for pre-conviction clemency absent admission of guilt, amid coalition pressure, opposition resistance, and polling showing majority public opposition. These institutional and political dynamics keep trader-implied probabilities for a pardon by the June 30, 2026 cutoff low.