Israeli government actions since early 2026 have advanced de facto control over West Bank territory through cabinet decisions on land registration, expanded ministerial authority, and settler land purchases in Area C, alongside continued settlement planning. However, no formal declaration of sovereignty or Knesset legislation applying Israeli law to annexed areas has occurred. US President Trump has explicitly opposed unilateral annexation and signaled potential withholding of support, while international condemnation and diplomatic pressures remain factors. With elections approaching and coalition dynamics involving figures favoring expansion but constrained by timing and external relations, traders assess formal annexation before 2027 as improbable absent major shifts in these constraints.