Israel’s election produced no clear winner, adding uncertainty to the future course of the war with Iran. Exit polls on Tuesday showed the governing coalition led by Prime Minister Benjamin Netanyahu trailing the opposition led by Gadi Eisenkot, with neither side reaching the 61 seats needed to form a government. Official results are still pending, and coalition talks could drag on—or the country could hold another election. Brent crude closed at $113.88 on Tuesday as traders assessed the possibility of renewed U.S. and Israeli strikes on Iran. Disruptions to oil supplies could stoke inflation and weigh on stocks and cryptocurrencies, while a credible diplomatic breakthrough could lift stocks and Bitcoin.
