Israel's October 27, 2026, election produced a fragmented Knesset in which Benjamin Netanyahu's right-wing bloc secured 53 seats and Gadi Eisenkot's opposition bloc 48, short of the 61-seat majority needed for government formation. Arab parties captured a record share, leaving Eisenkot with the initial mandate from President Herzog to assemble a coalition by mid-December, though most Jewish parties have ruled out partnering with them. Netanyahu remains caretaker prime minister during talks that could yield a unity government, a narrow coalition, or Knesset dissolution and fresh elections in early 2027. These procedural timelines, combined with historical patterns of extended coalition bargaining in Israel's multiparty system, shape trader assessments of when Netanyahu will leave office.