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How war, security and coalition math are shaping the Israeli election

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Core Development: How war, security and coalition math are shaping the Israeli election
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Market & Financial Impact: Israeli voters will head to the polls to cast their votes in a general election on Tuesday.
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Israeli voters will head to the polls Tuesday in an election with implications beyond the country’s borders.

It is Israel’s first election since Hamas’ Oct. 7, 2023, attacks, which killed around 1,200 people and saw more than 250 abducted. The Palestinian Ministry of Health says Israel’s subsequent military campaign in Gaza has killed more than 74,500 people. It is also the first vote since the U.S. and Israel began their joint war against Iran in February.

Israelis vote for parties rather than directly electing a prime minister, with the Knesset’s 120 seats allocated through proportional representation. Parties must win at least 3.25% of the national vote to enter parliament.

Because outright majorities are rare, parties typically form coalitions. The president asks a Knesset member — usually the leader best placed to assemble a 61-seat majority — to form a government. If repeated attempts fail, another election can be called.

Prime Minister Benjamin Netanyahu, who leads the right-wing Likud party, returned to power in late 2022 with a coalition including far-right and ultra-Orthodox parties. The alliance has since been strained by disputes over a Gaza ceasefire and the conscription of ultra-Orthodox men.

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Official Publisher Attribution: This report is aggregated from CNBC. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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