Israel’s October 27, 2026, election produced a fragmented 26th Knesset, with Benjamin Netanyahu’s bloc projected at 53 seats, Gadi Eisenkot’s opposition bloc at 48, and Arab parties at 19, leaving neither side with a 61-seat majority. The new parliament convenes November 10, when incumbent Speaker Amir Ohana of Likud continues temporarily under continuity rules. Opposition leaders including Eisenkot, Naftali Bennett, Avigdor Liberman, and Yair Lapid have coordinated to request an immediate speaker election, citing a 2020 Supreme Court precedent that requires a vote once 61 members demand it. Success would hinge on Arab party support and could shift control of the legislative agenda before government formation talks conclude. President Isaac Herzog begins party consultations on November 4, while Netanyahu’s allies prepare counter-moves and some ultra-Orthodox parties weigh abstention. These procedural and coalition dynamics directly shape trader assessments of near-term speaker replacement.