Israeli President Isaac Herzog has rebuffed Prime Minister Benjamin Netanyahu's repeated requests for a pardon in his ongoing corruption trial, most recently on April 26, 2026, opting instead to mediate plea deal talks between Netanyahu's lawyers and prosecutors—a process that remains stalled as of early May with no response from Netanyahu's side. Herzog's office emphasizes the need for remorse and acknowledgment of misconduct, conditions unmet to date, amid political divisions the case has fueled in Israeli society. The trial itself advanced with Netanyahu's testimony resuming in May despite security-related delays, underscoring no imminent resolution path. External pressures, including U.S. President Trump's public calls for a pardon, have yielded no shift, leaving traders pricing a near-certain "No" by June 30 given the tight timeline and institutional hurdles. Late-breaking diplomatic developments or a sudden plea agreement could theoretically alter odds, though evidence points firmly against it.