Israeli President Isaac Herzog continues to review Benjamin Netanyahu’s November 2025 pardon request in ongoing corruption cases, with legal advisors emphasizing that a mid-trial pardon would typically require an admission of guilt, resignation, or conviction first. Pressure from U.S. President Trump in early 2026 and Netanyahu’s insistence on remaining in politics have not altered the process, while public polling shows majority opposition to clemency. The prime minister’s corruption trial remains active after resuming in April 2026 following wartime suspensions, with cross-examination stages extending into mid-year and no resolution in sight. Traders assign low probability to a pardon by year-end due to these procedural constraints, Herzog’s independent review, and the absence of new political developments that would override institutional norms. Scheduled 2026 elections and further court proceedings could influence outcomes if they shift coalition dynamics or trial timelines.