Mahmoud Abbas, the 90-year-old Palestinian Authority president and Fatah leader, remains firmly in power following his unanimous re-election as party head during the May 14-16, 2026, Fatah congress in Ramallah. At the event he pledged long-delayed presidential and legislative elections without setting a timeline, while advancing his son Yasser for a seat on the party's central committee. These moves occur amid ongoing public pressure for leadership change, criticism over governance and corruption, and the absence of national elections since 2006. Succession questions persist given Abbas's age and his history of sidelining rivals, though no immediate resignation or removal signals have emerged. Traders tracking this market focus on whether internal Fatah dynamics, external diplomatic pressure for reforms, or health-related developments could accelerate a transition before the resolution date.