Israel's October 27, 2026, parliamentary election produced a deadlock, with Benjamin Netanyahu's right-wing bloc securing 53 seats and rival Gadi Eisenkot's opposition bloc 48 seats in the 120-seat Knesset, short of the 61-seat majority needed to govern. Arab parties gained significant ground with around 19 seats. Netanyahu remains caretaker prime minister during coalition talks, while President Isaac Herzog is set to task a candidate—widely expected to be Eisenkot—with forming a government by November 9. Eisenkot holds endorsements from 67 lawmakers, though both sides have so far ruled out partnerships with Arab parties. Failure to form a coalition could trigger new elections in 2027, extending Netanyahu's caretaker role amid ongoing security challenges. Trader consensus reflects this prolonged uncertainty over the timeline for any leadership change.