Eisenkot received the presidential mandate to form Israel's next government on November 8 after securing recommendations from 67 Knesset members versus 46 for Netanyahu, following the October 27 election that left no bloc with a 61-seat majority. Netanyahu's religious-nationalist grouping holds 53 seats in the 120-seat Knesset, while Eisenkot's four-party Jewish opposition bloc controls 48; Arab-led parties hold a record 19. Eisenkot has 28 days (extendable by 14) to assemble a coalition, likely pursuing a minority or broader arrangement amid internal opposition divisions and reluctance to partner with Arab lists or certain ultra-Orthodox factions. Netanyahu remains caretaker prime minister, and failure could trigger further mandates or new elections. Traders are weighing negotiation timelines, party vetoes, and the risk of prolonged deadlock against these seat arithmetic constraints.