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Netanyahu Set to Remain Israeli Caretaker PM

Benjamin Netanyahu is poised to remain Israel's caretaker prime minister after an inconclusive election left his right-wing bloc short of a majority. Markets dropped as the result signaled prolonged political uncertainty and potential coalition talks.

An aide speaks to Israeli Prime Minister and Likud party leader Benjamin Netanyahu as he gives a statement following exit polls for Israel's national election, at Likud's election headquarters in Jerusalem, October 28, 2026. REUTERS/Ammar Awad

Benjamin Netanyahu is set to remain Israel's caretaker prime minister after winning 53 parliamentary seats, falling short of a majority. The inconclusive election leaves the incumbent leader in power during coalition talks and potential future votes. Financial markets dropped following the outcome, with the local currency weakening against the dollar.