Israel’s October 27, 2026, Knesset election produced a fragmented outcome in which Benjamin Netanyahu’s Likud-led bloc secured 53 seats and Gadi Eisenkot’s Yashar-centered opposition bloc took 48, leaving both short of the 61-seat majority required for government formation. Arab-led parties won a record 19 seats but remain politically isolated by red lines from most Jewish parties. President Herzog assigned Eisenkot the initial mandate on November 8, initiating 28-day negotiations that center on possible minority arrangements, Haredi inclusion, or cross-bloc deals. The new Knesset convenes November 10 amid these talks, with failure triggering further mandates or fresh elections. Market pricing reflects the high procedural and political barriers to any single coalition reaching a stable majority within the resolution window.