President Isaac Herzog’s November 8 mandate to Gadi Eisenkot to form a government after the October 27 election has intensified uncertainty in coalition negotiations. Netanyahu’s religious-nationalist bloc secured 53 seats while Eisenkot’s opposition parties hold 48 and Arab lists won a record 19, leaving no bloc near the 61-seat majority required. Eisenkot’s 28-day window (plus possible extension) centers on whether centrist and right-leaning opposition factions can bridge differences over Arab support, Haredi inclusion, or a unity arrangement with Likud. Trader consensus reflected in elevated “Other” and “No government formed” shares captures the fragmented Knesset arithmetic and procedural timeline, with specific listed combinations remaining low-probability until concrete agreements emerge.