Tel Aviv — Prime Minister Benjamin Netanyahu appeared within striking distance of forming Israel’s next government, after plunging his country into a year-long political crisis while he manoeuvred to stay in power and postpone his corruption trial.

Recently indicted in three graft cases, Netanyahu had gambled on repeat elections to win a majority in parliament and possibly keep himself out of jail. In the third election in less than a year on Monday, the strategy seemed close to paying off...

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