Israel President Taps Eisenkot to Form New Government

TOPSHOT - Yashar party leader Gadi Eisenkot (R) arrives to address his supporters at the election night rally after the first exit polls were announced, in Tel Aviv on early October 28, 2026, during Israel's legislative elections. (Photo by Jack GUEZ / AFP)
TOPSHOT - Yashar party leader Gadi Eisenkot (R) arrives to address his supporters at the election night rally after the first exit polls were announced, in Tel Aviv on early October 28, 2026, during Israel's legislative elections. (Photo by Jack GUEZ / AFP)
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Israel President Taps Eisenkot to Form New Government

TOPSHOT - Yashar party leader Gadi Eisenkot (R) arrives to address his supporters at the election night rally after the first exit polls were announced, in Tel Aviv on early October 28, 2026, during Israel's legislative elections. (Photo by Jack GUEZ / AFP)
TOPSHOT - Yashar party leader Gadi Eisenkot (R) arrives to address his supporters at the election night rally after the first exit polls were announced, in Tel Aviv on early October 28, 2026, during Israel's legislative elections. (Photo by Jack GUEZ / AFP)

Israel's president announced on Saturday he would task Gadi Eisenkot with forming the next government following last week's election, in what Netanyahu's rivals see as a first step to remove the country's longest-serving prime minister.

The opposition bloc led by Eisenkot, a former military chief and political newcomer who has tried to appeal to secular and liberal Israelis, has opened the door to a once improbable alliance with ultra-Orthodox Jews, which could give it the numbers to form a coalition, AFP said.

President Isaac Herzog said that after consultations with all parties during the week, he would grant Eisenkot the first chance to form a government after the October 27 election, in which neither side secured a majority in a country deeply polarized by Netanyahu's hard-right rule and worn down by three years of war.

The formal appointment would take place in an official ceremony on Sunday at the president's residence in Jerusalem, Herzog's office said.

Eisenkot, who later pledged to "do everything" to form a new government, was recommended by parties representing 67 lawmakers as opposed to 46 for Netanyahu's bloc.

But the recommendations for Eisenkot included members of Israel's Arab minority -- whose seat haul soared in the election on the back of anger against Netanyahu -- and right-leaning segments of the opposition that are against relying on Arab votes.

- Unity government -

Herzog, originally from Israel's now defunct left-wing Labor Party but who has a non-partisan role and has forged a working relationship with Netanyahu, has signaled that he would like to explore a national unity government that would seek to bring together Jewish Israelis from across the political spectrum.

Pressure for a unity government could build if Netanyahu follows through on threats to resume war on Iran, although US President Donald Trump has not given the green light.

Netanyahu, who has led Israel on and off for nearly two decades and guided its sharply rightward turn in recent years, faces corruption charges and potentially jail if he leaves office. He also faces an arrest warrant over the Gaza war from the International Criminal Court, whose authority he rejects.

Netanyahu has already called for a unity government but the opposition has stood firm on removing him first.

He has attacked opposition leaders for even considering working with Israeli Arabs, descendants of Palestinians who stayed after the creation of Israel in 1948.

The incumbent premier said on Saturday that a potential coalition between opposition parties and Arab lists, which he called Islamists, would "dismantle the State of Israel from within" and urged the formation of a unity government comprising "all the Zionist parties that want to safeguard our state."

In response, Eisenkot's Yashar party urged Netanyahu's allies and members of his Likud party to form a unity government led by Eisenkot and to "publicly announce the dissolution of their alliance with the extremists".

"Now is the time to form a national emergency government," Eisenkot wrote on X in his first reaction to the announcement of his designation. "I will do everything to ensure we are worthy."

Opposition bloc member Avigdor Liberman, a former Netanyahu aide turned fierce critic who nonetheless shares his hawkish views on the Palestinians, has made clear that he will not sit with Eisenkot if he relies on Israeli-Arab votes.

But on Friday, Liberman -- a staunch secularist whose support base initially was Russian-speaking immigrants -- made a U-turn on another group he had shunned and said he was open to discussions on a law that would enshrine an exemption for ultra-Orthodox Jews from mandatory military service.

Liberman and another opposition leader, Naftali Bennett, had made closing the exemption a core campaign promise and had viscerally criticized ultra-Orthodox Jews as burdens on the state, responding to wide resentment by other Israelis at a time when reservists are serving multiple tours in Gaza and Lebanon.

Eisenkot has proposed requiring national service for all Israelis but allowing citizens to choose a civilian option rather than the military, opening the door to integrating the ultra-Orthodox.

On Friday, Eisenkot said it was urgent to replace Netanyahu, calling him a threat to the "very existence of Israeli democracy".

Following his appointment, Eisenkot will have 28 days to come up with the 61 votes needed for a government. If he comes up short, Herzog can provide a 14-day extension before he has to offer the mandate to someone else.

If neither side succeeds, Israel will head to fresh elections. The country held five elections between 2019 and 2022 due to repeated deadlocks.



Impeached Paraguay Leader Charged over Shock Implosion of Bank

This handout picture released by Paraguay's Palace of Justice press office shows Paraguayan impeached President Santiago Pena (R) and Judge Humberto Otazu at the court in Asuncion on November 7, 2026. (Photo by Handout / Paraguay's Palace of Justice / AFP)
This handout picture released by Paraguay's Palace of Justice press office shows Paraguayan impeached President Santiago Pena (R) and Judge Humberto Otazu at the court in Asuncion on November 7, 2026. (Photo by Handout / Paraguay's Palace of Justice / AFP)
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Impeached Paraguay Leader Charged over Shock Implosion of Bank

This handout picture released by Paraguay's Palace of Justice press office shows Paraguayan impeached President Santiago Pena (R) and Judge Humberto Otazu at the court in Asuncion on November 7, 2026. (Photo by Handout / Paraguay's Palace of Justice / AFP)
This handout picture released by Paraguay's Palace of Justice press office shows Paraguayan impeached President Santiago Pena (R) and Judge Humberto Otazu at the court in Asuncion on November 7, 2026. (Photo by Handout / Paraguay's Palace of Justice / AFP)

Paraguayan prosecutors charged ex-president Santiago Pena and took him into custody Saturday over a banking crisis that saw millions of people cut off from their money, sparking major protests.

Pena, Paraguay's youngest-ever president at 47, was removed from office by the Senate on Friday, just three days after the collapse of a leading bank with which he had business links.

He had offered to resign but lawmakers impeached him instead, stripping him of the immunity he would have enjoyed had he stepped down.

In a fast-moving sequence of events, Pena was brought before prosecutors on Saturday and charged with "breach of trust and mismanagement for personal gain."

Ueno Bank was a popular online bank that held accounts for nearly half of Paraguay's 6.5 million people, plus more than $800 million in government funds, AFP said.

Its collapse rocked this small, normally stable country, leading to street protests.

Pena, who came to power in 2023, owned shares in the bank's holding company, Ueno Holding, until he sold them last year.

He is accused of using his influence as president to steer millions in government deposits to Ueno Bank and of hiding or downplaying its financial woes, even though he was warned about questionable loans and solvency issues.

Pena is also accused of a conflict of interest for naming former Ueno Bank director Carlos Carvallo to run Paraguay's Central Bank.

Pena's lawyer Ricardo Preda denied the charges against his client and said that in Paraguay, it is not the president but rather a minister who decides where government money is deposited.

After a hearing with Pena on Saturday, Judge Hernan Otazu told reporters he had ordered the former president taken into pre-trial custody and held at the same Asuncion facility where he was taken after his removal from office on Friday.

The judge froze the assets of Pena and Carvallo, who faces the same charges as the former president, plus one of falsifying government documents.

Pena declined to make a statement during the hearing, Otazu said.

The Central Bank said it has started paying out money to Ueno Bank customers caught up in the collapse and that more than 50 percent have recovered their funds.

Giovanni Catolinom, 40, was not one of them. He trembled as he told AFP that funds from his new travel agency -- around $16,000 -- were still trapped in the bank.

"I lost 16 years of work," he said, crying.

Pena was replaced by Vice President Pedro Alliana, who promised not to abandon the depositors, including pensioners, affected by Ueno's demise.

On the streets of Asuncion there was rejoicing over Pena's ouster.

But news that Alliana, who is from the same right-wing Colorado Party as Pena, would take over angered some demonstrators.

"He's from the same team, he knew about it (the trouble at Ueno)," Edson Vazquez told AFP.

- US ally -

The collapse of Ueno rocked usually stable Paraguay.

Thousands of people took to the streets furiously demanding their money back after the Central Bank took control of Ueno, citing fears for its solvency.

Pena's removal was a further blow for US President Donald Trump's network of allies in South America.

Trump's favorite for Brazilian president, Flavio Bolsonaro, was defeated by left-wing incumbent Lula Inacio Lula da Silva last month.

Alliana will serve out the remainder of Pena's term, which ends in 2028.


Israel President Taps Eisenkot to Form New Government

TOPSHOT - Yashar party leader Gadi Eisenkot (R) arrives to address his supporters at the election night rally after the first exit polls were announced, in Tel Aviv on early October 28, 2026, during Israel's legislative elections. (Photo by Jack GUEZ / AFP)
TOPSHOT - Yashar party leader Gadi Eisenkot (R) arrives to address his supporters at the election night rally after the first exit polls were announced, in Tel Aviv on early October 28, 2026, during Israel's legislative elections. (Photo by Jack GUEZ / AFP)
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Israel President Taps Eisenkot to Form New Government

TOPSHOT - Yashar party leader Gadi Eisenkot (R) arrives to address his supporters at the election night rally after the first exit polls were announced, in Tel Aviv on early October 28, 2026, during Israel's legislative elections. (Photo by Jack GUEZ / AFP)
TOPSHOT - Yashar party leader Gadi Eisenkot (R) arrives to address his supporters at the election night rally after the first exit polls were announced, in Tel Aviv on early October 28, 2026, during Israel's legislative elections. (Photo by Jack GUEZ / AFP)

Israel's president announced on Saturday he would task Gadi Eisenkot with forming the next government following last week's election, in what Netanyahu's rivals see as a first step to remove the country's longest-serving prime minister.

The opposition bloc led by Eisenkot, a former military chief and political newcomer who has tried to appeal to secular and liberal Israelis, has opened the door to a once improbable alliance with ultra-Orthodox Jews, which could give it the numbers to form a coalition, AFP said.

President Isaac Herzog said that after consultations with all parties during the week, he would grant Eisenkot the first chance to form a government after the October 27 election, in which neither side secured a majority in a country deeply polarized by Netanyahu's hard-right rule and worn down by three years of war.

The formal appointment would take place in an official ceremony on Sunday at the president's residence in Jerusalem, Herzog's office said.

Eisenkot, who later pledged to "do everything" to form a new government, was recommended by parties representing 67 lawmakers as opposed to 46 for Netanyahu's bloc.

But the recommendations for Eisenkot included members of Israel's Arab minority -- whose seat haul soared in the election on the back of anger against Netanyahu -- and right-leaning segments of the opposition that are against relying on Arab votes.

- Unity government -

Herzog, originally from Israel's now defunct left-wing Labor Party but who has a non-partisan role and has forged a working relationship with Netanyahu, has signaled that he would like to explore a national unity government that would seek to bring together Jewish Israelis from across the political spectrum.

Pressure for a unity government could build if Netanyahu follows through on threats to resume war on Iran, although US President Donald Trump has not given the green light.

Netanyahu, who has led Israel on and off for nearly two decades and guided its sharply rightward turn in recent years, faces corruption charges and potentially jail if he leaves office. He also faces an arrest warrant over the Gaza war from the International Criminal Court, whose authority he rejects.

Netanyahu has already called for a unity government but the opposition has stood firm on removing him first.

He has attacked opposition leaders for even considering working with Israeli Arabs, descendants of Palestinians who stayed after the creation of Israel in 1948.

The incumbent premier said on Saturday that a potential coalition between opposition parties and Arab lists, which he called Islamists, would "dismantle the State of Israel from within" and urged the formation of a unity government comprising "all the Zionist parties that want to safeguard our state."

In response, Eisenkot's Yashar party urged Netanyahu's allies and members of his Likud party to form a unity government led by Eisenkot and to "publicly announce the dissolution of their alliance with the extremists".

"Now is the time to form a national emergency government," Eisenkot wrote on X in his first reaction to the announcement of his designation. "I will do everything to ensure we are worthy."

Opposition bloc member Avigdor Liberman, a former Netanyahu aide turned fierce critic who nonetheless shares his hawkish views on the Palestinians, has made clear that he will not sit with Eisenkot if he relies on Israeli-Arab votes.

But on Friday, Liberman -- a staunch secularist whose support base initially was Russian-speaking immigrants -- made a U-turn on another group he had shunned and said he was open to discussions on a law that would enshrine an exemption for ultra-Orthodox Jews from mandatory military service.

Liberman and another opposition leader, Naftali Bennett, had made closing the exemption a core campaign promise and had viscerally criticized ultra-Orthodox Jews as burdens on the state, responding to wide resentment by other Israelis at a time when reservists are serving multiple tours in Gaza and Lebanon.

Eisenkot has proposed requiring national service for all Israelis but allowing citizens to choose a civilian option rather than the military, opening the door to integrating the ultra-Orthodox.

On Friday, Eisenkot said it was urgent to replace Netanyahu, calling him a threat to the "very existence of Israeli democracy".

Following his appointment, Eisenkot will have 28 days to come up with the 61 votes needed for a government. If he comes up short, Herzog can provide a 14-day extension before he has to offer the mandate to someone else.

If neither side succeeds, Israel will head to fresh elections. The country held five elections between 2019 and 2022 due to repeated deadlocks.


Iran-Linked Ships Hover Over Subsea Cables in Gulf of Oman

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, November 3, 2026. (Reuters)
Vessels at the Strait of Hormuz, as seen from Musandam, Oman, November 3, 2026. (Reuters)
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Iran-Linked Ships Hover Over Subsea Cables in Gulf of Oman

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, November 3, 2026. (Reuters)
Vessels at the Strait of Hormuz, as seen from Musandam, Oman, November 3, 2026. (Reuters)

Ships linked to Iran have been hovering over subsea telecoms cables in the Middle East after Tehran threatened to attack cables and data centers if the US and Israel launch a fresh bombing campaign, reported the Financial Times on Friday.

At least four vessels tracked by the maritime analytics company Windward have been observed taking unusual routes and loitering over subsea cables traversing the Gulf of Oman in the days after Iran warned of disruption to digital infrastructure if the US escalated the conflict.

Three were tankers subject to US sanctions, while the fourth was a small Iranian fishing craft that loitered over the Europe India Gateway and Transworld cables between October 21 and 26, according to Windward data.

According to data from TeleGeography, six cables run through the Strait of Hormuz, while three more — Fiber in Gulf, Sea-Me-We 6 and 2Africa — are under construction. 2Africa is the closest to completion.

Iraq, Kuwait, Bahrain and Qatar are wholly dependent on cables running under the strait for their internet connectivity.

Tehran has been vocal in its threats against cables and data centers running through the Strait of Hormuz over the past month, in response to suggestions from US President Donald Trump and other senior US figures in the run-up to this week’s midterm elections that they would launch further attacks on Iran.

Hossein Mohebbi, spokesperson for Iran’s Revolutionary Guard Corps, said on October 19: “Seven major undersea internet cables run through the Strait of Hormuz, carrying all commercial and internet data. We just want [the US] to realize that new targets and new weapons shall be unveiled.”

That echoed comments by Mohsen Rezaei, secretary of Iran’s Supreme National Security Council, a week earlier threatening that “data centers and artificial intelligence facilities will be destroyed”.

Yadollah Javani, deputy commander of the IRGC for political affairs, said later in October that assets “including internet cables” would be damaged in retaliation for attacks on Iran’s own infrastructure.

Masha Kotkin, a former US state department official and fellow at the Center for Strategic and International Studies think-tank, said AI, cloud computing, data centers and other digital activities in the Gulf depended on subsea fiberoptic cables.

Any damage would result in “slower internet [and] financial transactions” and would “disrupt communications networks, ecommerce and cloud computing”, Kotkin said.

Connectivity is also a significant part of the Gulf countries’ efforts to diversify away from hydrocarbons and become a hub for digital businesses, Kotkin noted.

The US has continued to move military assets into the region. An aircraft carrier, the USS Theodore Roosevelt, was seen on satellite images in the South China Sea travelling towards Singapore early on Wednesday, potentially adding to two carriers already in the Middle East region.