Israeli President Isaac Herzog has signaled that he will not consider a pardon for Prime Minister Benjamin Netanyahu until efforts to negotiate a plea deal in the ongoing corruption trial are exhausted. In late April, Herzog’s office invited legal teams from both sides to mediation talks, explicitly deferring any clemency decision and confirming the request—submitted in late 2025—remains under review by the Justice Ministry without imminent resolution. External pressure, including public calls from U.S. President Trump, has not altered Herzog’s stated priority on reaching an agreement outside court. With the June 30 deadline less than six weeks away and no scheduled vote or executive action imminent, traders see limited scope for a pardon to materialize in the remaining window.