Mahmoud Abbas, the 90-year-old Palestinian Authority president since 2005, continues to lead amid longstanding criticism over his extended rule by decree beyond the original four-year term. Recent catalysts include his May 2026 unanimous re-election as Fatah leader, the October 2025 constitutional designation of Hussein al-Sheikh as interim vice president and successor, and June-July 2026 decrees scheduling legislative elections for November 28, 2026, followed by presidential voting in early 2027. These steps signal a managed transition process rather than abrupt removal, though persistent internal Fatah competition, international legitimacy pressures, and Abbas's advanced age keep succession timelines fluid. Traders weigh the low historical frequency of completed Palestinian elections against the scheduled electoral calendar and any late shifts in Fatah central committee dynamics or health-related developments that could accelerate or delay an exit.