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Israel's election leaves Netanyahu's bloc at 53 of 120 seats; Arab-led parties win a record 19, and Likud calls the vote 'stolen'

AP explains the arithmetic of the next coalition and how a foreign-interference probe became Likud's argument against the count.

Results released October 29 from Israel's October 27 election give Prime Minister Benjamin Netanyahu's bloc 53 seats in the 120-seat Knesset, down from 68 at its peak, with his main opposition, led by former military chief Gadi Eisenkot, at 48 and Arab-led parties at a record 19. A majority needs 61. Results are to be certified and delivered to the president the following Wednesday.

After the head of the election committee, Supreme Court Justice Noam Sohlberg, said "serious suspicions" of foreign interference had been brought to him and asked the Shin Bet to investigate, though he could not verify them, Likud declared that "the elections in Israel have been stolen!" Qatar called the allegations "ridiculous and dangerous." The committee said the probe does not affect the final results and that claims of systematic violations are baseless; the Shin Bet said it was not casting aspersions on any part of the population. Eisenkot said Likud was doing this "because they lost." The opposition could reach a majority only with the Arab-led parties, a rare and politically risky step.

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Brent crude tops $113, its highest since May, on a report of planned strikes on Iran after the midterms

CNBC explains what moved oil this week, from the New York Times report to the Houthi attacks in Saudi Arabia.

Brent crude rose 4% to settle at $113.17 a barrel on October 22, its highest close since May 4, and U.S. West Texas Intermediate gained 2.4% to $99.47.

CNBC reports the jump followed a New York Times report, citing unnamed U.S. officials, that U.S. and Israeli militaries have drawn up plans for renewed strikes on Iran after next month's midterm elections. President Trump told reporters the U.S. is not negotiating with Iran and that something will happen "fairly soon." The U.S. also ordered non-emergency government staff and families to leave Saudi Arabia, citing rising Houthi attacks; Saudi state media said at least two people were killed in an attack on Dammam's airport.

Yahoo Finance notes Brent is up more than 50% since the Iran war began in late February. One fund manager quoted by CNBC argues households are less exposed to oil shocks than decades ago.

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