Israeli President Isaac Herzog has signaled that any pardon for Prime Minister Benjamin Netanyahu’s corruption charges would follow exhaustion of plea negotiations rather than occur outright, consistent with legal opinions requiring an admission of guilt, resignation, or conviction before clemency. Netanyahu’s November 2025 request remains under review amid opposition from judicial offices and public opinion polls showing majority resistance. Trial proceedings, repeatedly delayed by security matters, saw cross-examination conclude in June 2026 with redirect testimony pending, while external pressure including from U.S. officials has not altered Herzog’s process. Traders assign low probabilities to near-term resolution, reflecting these procedural thresholds and the absence of a completed verdict or deal that would typically precede presidential action. Upcoming court sessions and any renewed mediation efforts could shift the timeline.