Israel Election Deadlock Could Shake Oil, Stocks and Crypto Markets

Israel’s election has ended without a clear winner, leaving the future of its war with Iran uncertain. The political deadlock could have major consequences for global oil prices, inflation and financial markets. Exit polls on Tuesday, October 27, showed Prime Minister Benjamin Netanyahu’s coalition trailing the opposition led by former military chief Gadi Eisenkot. Neither secured the 61 parliamentary seats needed to govern. The uncertainty comes as oil traders weigh the possibility of renewed US-Israeli attacks on Iran. Brent crude settled at $113.88 on Tuesday, with the market already carrying a substantial premium for geopolitical risk. Israel’s Election Produces an Unexpected Result Netanyahu’s Likud is projected to remain the largest individual party with 24 seats, against 22 for Eisenkot’s Yashar. However, the biggest surprise came from Palestinian citizens of Israel.

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