Israel's PM Netanyahu says they are still waiting for real results, but notes that Likud is the largest party in Israel, adds the Zionist majority must wake up and unite

• It's forbidden to form a government with Arab parties.
• Israel is facing a historic opportunity to remove the Iranian threat.

Remarks of this kind belong to the familiar post-election coalition math rather than to any policy decision: in repeated Israeli election cycles the near-term question has been arithmetic, with the largest-party claim conferring first-mover advantage on receiving the mandate while the 'no government with Arab parties' formulation removes a bloc from the negotiating pool and narrows the viable combinations. Episodes of this kind have tended to resolve through weeks of bargaining, and markets have historically looked through the noise unless deadlock raises the probability of a repeat vote, which has in past episodes weighed on the shekel and Tel Aviv equities until coalition clarity emerges. The budget calendar is the real transmission channel: prolonged caretaker status has previously meant a rolled-over budget rather than a new one, constraining fiscal discretion. The reference to a 'historic opportunity' on Iran is rhetorically standard for Netanyahu but is worth noting where it accompanies coalition leverage, since security posture has historically been used to pressure potential partners into unity arrangements. The tells are the mandate timeline, any defection signals from rival blocs, and whether unity-government language gains traction. As commentary rather than an outcome, the note is directionally political, not yet market-moving.