IBOV 175,710.05 ▼ 0.51% IPC MEX 69,734.34 ▲ 0.38% MERVAL 2,848,945 — — USD/BRL5.34▼ 1.32% USD/MXN18.67▲ 0.55% USD/CLP984.35▼ 0.48% USD/COP3,137▲ 2.66% USD/PEN3.44— 0.00% USD/ARS1,538▼ 0.18% USD/UYU40.21▲ 3.57% USD/PYG5,803▲ 3.78% USD/BOB11.97▲ 4.93% USD/DOP60.45▲ 1.67% USD/CRC451.24▲ 2.13% USD/GTQ7.64▲ 3.23% USD/HNL26.87▲ 3.37% USD/NIO36.62▲ 2.81% USD/VES885.08▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 2.63% USD/TTD6.71▲ 2.07% EUR/BRL5.95▲ 7.47% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99% IBOV 175,710.05 ▼ 0.51% IPC MEX 69,734.34 ▲ 0.38% MERVAL 2,848,945 — — USD/BRL 5.34 ▼ 1.32% USD/MXN 18.69 ▲ 0.62% USD/CLP 983.47 ▼ 0.57% USD/COP 3,149 ▲ 3.06% USD/PEN 3.45 ▲ 0.17% USD/ARS 1,537 ▼ 0.28% USD/UYU 40.21 ▲ 3.57% USD/PYG 5,803 ▲ 3.78% USD/BOB 11.97 ▲ 4.93% USD/DOP 60.54 ▲ 1.83% USD/CRC 451.24 ▲ 2.13% USD/GTQ 7.64 ▲ 3.23% USD/HNL 26.87 ▲ 3.37% USD/NIO 36.62 ▲ 2.81% USD/VES 885.08 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.63% USD/TTD 6.71 ▲ 2.07% EUR/BRL 5.95 ▲ 7.53% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99%
since 2009
Tuesday, October 27, 2026

Israel Elections 2026 Middle East

How Israeli Elections and Coalitions Work

By · October 27, 2026 · 3 min read

ISRAEL · ELECTION

Published Tuesday, 27 October, 7:13 p.m. ET · Source: Knesset, Basic Law: The Government, Central Elections Committee

Key Facts

  • Seats Israel elects 120 lawmakers from one nationwide party list.
  • Threshold A party needs at least 3.25 percent of valid votes to win seats.
  • Majority A government needs the backing of 61 lawmakers, and no party has ever won that alone.
  • Mandate The president picks one lawmaker to try, with 28 days and a possible 14-day extension.

One National List

Israel elects its 120-member Knesset in a single nationwide contest, and voters choose a party list instead of a local candidate. Seats are shared out in proportion to each party’s votes.

Only parties that win at least 3.25 percent of valid votes enter parliament, which keeps tiny parties out but still leaves a crowded field.

The front of the Knesset building
The front of the Knesset building. Photo: Clema12, CC BY-SA 4.0

Why Nobody Wins a Majority

No party has ever won 61 seats on its own, so every Israeli government is a coalition of several parties. The bargaining after the vote matters as much as the vote itself.

Small parties therefore hold real power, because a few seats can decide whether a bloc reaches 61. That is why coalition talks often run for weeks.

The President and the Mandate

After the official results, the president of Israel consults every party and gives one lawmaker the task of forming a government. That person is the one judged most likely to command 61 votes, not automatically the leader of the largest party.

The candidate has 28 days, and the president can add up to 14 more. If the attempt fails, another lawmaker can receive the mandate, and if all attempts fail the Knesset is dissolved and the country votes again.

Caretaker Rule and Repeat Elections

While talks go on, the outgoing government stays in office as a caretaker with limited powers. Israel went to the polls five times between April 2019 and November 2022 after repeated deadlocks.

That history is why analysts treat a split result as a real risk of another election. The vote of 27 October is the latest test, as we report in our results report.

Why It Matters

The US system gives one winner a clear mandate, while Israel’s gives a negotiation. That is why a close Israeli result can leave an ally without a settled government for weeks, with consequences for policy on Gaza, Iran and trade.

All our coverage sits in our Israel election dossier.

What It Means for You

For US readers, the number to watch is 61, not the share of the vote. The party with the most seats does not always lead the government.

Investors should expect headlines about coalition talks rather than a quick policy signal, and caretaker governments rarely start major reforms.

What Is Not Known

It is not known how the final seat count will differ from the exit polls, or which smaller parties will decide the outcome. The timetable of the president’s consultations has not been announced.

It is also not known whether any party will cross the usual political lines to join a coalition. That can only be judged once official results are published.

Frequently Asked Questions

How many seats are in the Knesset?

The Knesset has 120 seats, so a government needs the support of at least 61 lawmakers.

Does the biggest party always form the government?

No. The president gives the mandate to the lawmaker judged most likely to assemble 61 votes, who may lead a smaller party.

What happens if coalition talks fail?

Another lawmaker can be given the mandate, and if every attempt fails the Knesset is dissolved and a new election is held.

Sources: Knesset, Basic Law: The Government, Central Elections Committee.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Brazil stocks plunge 13.9% in one day after Lula win”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.