President Isaac Herzog has repeatedly deferred any decision on Benjamin Netanyahu’s November 2025 pardon request in the ongoing corruption trial, instead directing efforts toward plea-deal mediation. The Justice Ministry’s Pardons Department issued a March 2026 opinion stating it could not recommend clemency absent an admission of guilt, resignation, or conviction, citing both procedural and substantive barriers under Israeli law. Herzog’s April statements confirmed he would exhaust negotiated resolutions first, with no timeline suggesting action before late summer. External pressure from U.S. President Trump has not altered this stance. With only fifteen days remaining until June 30 and no scheduled votes, hearings, or announcements capable of accelerating the process, traders assign negligible probability to a presidential pardon or commutation occurring in the narrow resolution window.