Jerusalem   — Benjamin Netanyahu gave up his effort to form a new government on Monday after failing to secure a majority coalition, creating an opportunity for rival Benny Gantz to replace Israel’s longest-serving prime minister.

Netanyahu, who heads the Likud party, said he had been unable to form a government following an election in September, and was returning the mandate to Israeli President Reuven Rivlin. Rivlin said he intends to task  Gantz with the job of putting together a new government...

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