Netanyahu and Eisenkot blocs deadlocked and shy of a majority

TEL AVIV, Israel — Prime Minister Benjamin Netanyahu's far-right coalition is running nearly even with Gadi Eisenkot's opposition bloc in Tuesday's historic election — but both are short of a 61-seat majority, according to Israeli exit polls. Why it matters: Political stalemate is the most likely outcome of the election, with Netanyahu weakened but neither side having a clear path to forming a coalition government. Arab parties are poised to win 18 to 19 seats in what would be an unprecedented electoral achievement. While theoretically Eisenkot's bloc could try to swear in a minority government supported by the two Arab parties, that scenario looks unlikely. The numbers: Eisenkot's bloc emerged with a small lead in early exit polls, but Netanyahu's coalition closed the gap as the night wore on. The exit polls show Netanyahu's bloc with 51-52 seats and Eisenkot's bloc with 49-51 seats. Netanyahu's Likud party is projected to win 27 seats versus 21 seats for Eisenkot's Yashar party. State of play: A close outcome could leave the country in a state of limbo, with Netanyahu likely staying on as a caretaker prime minister at the helm of the executive branch and the opposition led by Eisenkot controlling the Knesset. That scenario could last until new elections are held as early as April. The two sides could try to break the deadlock by forming a unity government between Netanyahu and Eisenkot. But such a scenario is also improbable considering that none of the opposition parties will agree to sit in a Netanyahu-led government. What they're saying: Eisenkot claimed victory in a speech after midnight Israeli time. He said if Netanyahu was a "decent leader," he would exit the political stage after the public voted for change. During the speech, Eisenkot alluded to the possibility that the prime minister would launch military action before a new government is seated. "Netanyahu: don't dare use Israel's security for your political needs," Eisenkot said. He emphasized that the