{"id":106491,"date":"2026-10-28T05:59:33","date_gmt":"2026-10-28T05:59:33","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/live-updates-no-clear-winner-yet-in-israels-pivotal-election\/"},"modified":"2026-10-28T05:59:33","modified_gmt":"2026-10-28T05:59:33","slug":"live-updates-no-clear-winner-yet-in-israels-pivotal-election","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/live-updates-no-clear-winner-yet-in-israels-pivotal-election\/","title":{"rendered":"Live Updates: No Clear Winner Yet in Israel\u2019s Pivotal Election"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<p>Days before Tuesday\u2019s pivotal Israeli election, Prime Minister Benjamin Netanyahu shocked his country by offering a bleak economic forecast that critics said could make Israel more like Iran, Russia and North Korea.<\/p>\n<p>Mr. Netanyahu told an Israeli financial journalist on Friday that he was preparing for international sanctions against Israeli banks by drawing up plans for a \u201cbypass economy\u201d based on cryptocurrency. He also told Israelis to prepare for the end of billions of dollars of annual American assistance. <\/p>\n<div id=\"_R_h6j7aq_\" tabindex=\"-1\">\n<p class=\"live-blog-post-content css-qhzo1x evys1bk0\">\u201cIt\u2019s over,\u201d he said. \u201cIt\u2019s only a matter of time.\u201d<\/p>\n<p class=\"live-blog-post-content css-qhzo1x evys1bk0\">The comments were a reflection of Israel\u2019s deepening global isolation, with even once-staunch allies imposing or threatening economic sanctions and embargoes after years of war in Gaza and rampant <a class=\"css-povzk\" href=\"https:\/\/www.nytimes.com\/2026\/10\/23\/world\/middleeast\/west-bank-settlers-palestinians-harvest.html\" title=\"\">violence by Jewish settlers against Palestinians<\/a> in the occupied West Bank.<\/p>\n<p class=\"live-blog-post-content css-qhzo1x evys1bk0\">With settlers advancing into areas that were previously off limits, Britain last month decried what it called \u201cethnic cleansing\u201d and <a class=\"css-povzk\" href=\"https:\/\/www.nytimes.com\/2026\/09\/08\/world\/europe\/uk-sanctions-israel-west-bank-settlements.html\" title=\"\">announced trade sanctions<\/a> on settlements that it said would also apply to entities that financed their construction. Though Israel\u2019s banking system has not been directly targeted by sanctions, a dozen countries, including Canada, France and Spain, have said they support restrictions on trade with settlements, raising the prospect of further penalties that could affect Israeli financial institutions.<\/p>\n<p class=\"live-blog-post-content css-qhzo1x evys1bk0\">Opponents of Mr. Netanyahu\u2019s government decried his pronouncements, which also drew a rebuke from the generally reserved central bank.<\/p>\n<p class=\"live-blog-post-content css-qhzo1x evys1bk0\">\u201cCrypto currencies cannot serve as a route to bypass sanctions against Israel,\u201d the Bank of Israel said in a statement. The bank added that the government would do better \u201cto focus on preventing sanctions\u201d and preserving Israel\u2019s economic ties with its main trading partners.<\/p>\n<p class=\"live-blog-post-content css-qhzo1x evys1bk0\">Commentators said that Mr. Netanyahu\u2019s outlook sounded apocalyptic, and some said it was part of a scare campaign to improve his election prospects. <\/p>\n<p class=\"live-blog-post-content css-qhzo1x evys1bk0\">Last year, amid growing global condemnation of the Israeli military\u2019s conduct of the war against Hamas in Gaza, where it has been accused of war crimes, and the imposition of <a class=\"css-povzk\" href=\"https:\/\/www.nytimes.com\/2024\/09\/02\/world\/middleeast\/uk-suspends-israel-arms-sales.html\" title=\"\">some arms embargoes<\/a>, he warned that Israel would have to become a more self-sufficient \u201csuper-Sparta.\u201d That reference to the ancient, insular Greek city-state that practiced militaristic self-reliance was, to critics, a frightening scenario for a small country whose economy is largely driven by a tech sector that is reliant on foreign investment.<\/p>\n<p class=\"live-blog-post-content css-qhzo1x evys1bk0\">Gadi Eisenkot, Mr. Netanyahu\u2019s main rival in Tuesday\u2019s election, <a class=\"css-povzk\" href=\"https:\/\/x.com\/gadi_eisenkot\/status\/2114018577070047407\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">said<\/a> in a social media post that the prime minister\u2019s \u201cBibi-coin vision,\u201d a nod to cryptocurrency, would \u201cdismantle the Israeli economy for generations.\u201d<\/p>\n<p class=\"live-blog-post-content css-qhzo1x evys1bk0\">\u201cNo internet purchases, no high-tech investments, no national security,\u201d <a class=\"css-povzk\" href=\"https:\/\/x.com\/gadi_eisenkot\/status\/2114027060259655955\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">he added.<\/a><\/p>\n<p class=\"live-blog-post-content css-qhzo1x evys1bk0\">Yair Lapid, the opposition leader who has served as prime minister and finance minister, <a class=\"css-povzk\" href=\"https:\/\/x.com\/yairlapid\/status\/2113936651747577904\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">wrote<\/a> on social media that a vote for Mr. Netanyahu was a vote for \u201ca ruined economy, sanctions that will lead to insane price hikes, and no military alliance with the United States.\u201d <\/p>\n<p class=\"live-blog-post-content css-qhzo1x evys1bk0\">And a former governor of the Bank of Israel, Jacob Frenkel, told Israel\u2019s Channel 12 on Sunday that moving away from the international financial system would turn Israel into \u201ca leper.\u201d <\/p>\n<p class=\"live-blog-post-content css-qhzo1x evys1bk0\">Mr. Netanyahu later walked back his remarks slightly, saying that he had heard the criticism and that cryptocurrency was only one option to deal with potential financial sanctions.<\/p>\n<p class=\"live-blog-post-content css-qhzo1x evys1bk0\">In a somewhat jarring contrast, Mr. Netanyahu\u2019s campaign has argued that Israel\u2019s economy overall is healthy despite years of war, helped by record export revenues, relatively low inflation and unemployment, and a strong shekel.<\/p>\n<p class=\"live-blog-post-content css-qhzo1x evys1bk0\">But many Israelis are not feeling it. The State Comptroller, a government watchdog, <a class=\"css-povzk\" href=\"https:\/\/www.mevaker.gov.il\/en\/media\/magazine\/cost-of-living\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">warned last year<\/a> that the cost of living was \u201cskyrocketing\u201d in part because of structural challenges in Israel\u2019s consumer market and low competition levels.<\/p>\n<p class=\"live-blog-post-content css-qhzo1x evys1bk0\">While foreign affairs and national security have dominated the political conversation ahead of the election, a recent <a class=\"css-povzk\" href=\"https:\/\/en.idi.org.il\/media\/32364\/august-voice-index-data.pdf\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">survey<\/a> by the Israel Democracy Institute, a nonpartisan research group, found that the economy was the top issue for many voters heading into Tuesday.<\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.nytimes.com\/live\/2026\/10\/28\/world\/israel-elections\/heres-the-latest\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Days before Tuesday\u2019s pivotal Israeli election, Prime Minister Benjamin Netanyahu shocked his country by offering a bleak economic forecast that<\/p>\n","protected":false},"author":1,"featured_media":106492,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[9435,1527,9436,9432,861,9433,99,9434,544,9437,954,96,469],"class_list":["post-106491","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-avigdor","tag-benjamin","tag-bennett","tag-eisenkot","tag-elections","tag-gadi","tag-israel","tag-lieberman","tag-middle-east","tag-naftali","tag-netanyahu","tag-palestinians","tag-politics-and-government"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Live Updates: No Clear Winner Yet in Israel\u2019s Pivotal Election - World News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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