Israeli president tasks Gadi Eisenkot with forming a new government
Israel's president has asked Gadi Eisenkot, Netanyahu's strongest rival, to try to form a government after a deadlocked election. Reported by Reuters.
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what happened
According to Reuters, Israel's president on Saturday chose Gadi Eisenkot, the strongest rival of Prime Minister Benjamin Netanyahu, to try to build a new government. The decision follows an election that ended in deadlock, leaving neither man with a clear route to power.
why it matters
For markets, a prolonged political deadlock adds uncertainty about the country's future policy path. Investors often watch such scenarios through moves in the shekel and Israeli equities, especially if coalition talks drag on.
market impact
Shekel and Israeli stocks: higher political uncertainty may weigh on investor sentiment
tags
instruments
sources
- Israeli president picks Gadi Eisenkot, Netanyahu rival, to form government — Reuters, 7 November 2026 at 19:26 UTC
- Israeli president picks Gadi Eisenkot, Netanyahu rival, to form government — Reuters, 7 November 2026 at 19:32 UTC
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