Eisenkot gets first chance to form Israel's next government
President Herzog has invited Gadi Eisenkot to try forming a coalition. Several paths exist, but none has a majority yet, and Netanyahu could get the next shot.
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what happened
Former military chief Gadi Eisenkot has been given the first opportunity to form a government in Israel. According to Reuters, a spokesperson for President Isaac Herzog announced the invitation on Saturday. Longtime Prime Minister Benjamin Netanyahu was not dislodged by last month's inconclusive election, and Eisenkot's coalition lacks a parliamentary majority.
Reuters lays out possible scenarios: a minority government backed by Arab parties, an alliance with the two ultra-Orthodox parties, which together hold 13 seats, and a broad unity government with Likud. Each option requires major compromises, including on military service exemptions for ultra-Orthodox students. If Eisenkot fails within 42 days, Netanyahu would likely get the mandate, and if he also fails, another election would follow.
why it matters
For markets, the main takeaway is prolonged political uncertainty in Israel. No scenario looks settled yet, so investors are likely to wait for clarity on the coalition composition and fiscal policy.
market impact
Israel: a drawn-out political deadlock adds uncertainty for local assets
tags
instruments
sources
- Can Gadi Eisenkot break Israel's political deadlock? — Reuters, 7 November 2026 at 20:07 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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