Israeli President Isaac Herzog has signaled that he will prioritize exhausting mediation efforts toward a plea deal in Prime Minister Benjamin Netanyahu’s ongoing corruption trial before addressing the November 2025 pardon request. In late April 2026 statements, Herzog indicated no decision is imminent, with the formal clemency review still advancing slowly through the Justice Ministry amid the trial’s resumption after wartime pauses. Netanyahu continues to face charges of bribery, fraud, and breach of trust without admission of guilt, while external pressures including from U.S. officials have not altered the president’s procedural stance. These factors have led traders to assign a 92% implied probability that no pardon or commutation will occur by the June 30 deadline.