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Israeli Prime Minister and Likud party chairman Benjamin Netanyahu visits the Hatikva Market in Tel Aviv as part of the Likud party’s election campaign ahead of Israel’s upcoming general elections, October 22, 2026. (Avshalom Sassoni/Flash90)

On Friday, as the candidates kicked off their closing arguments ahead of Tuesday’s election, Prime Minister Benjamin Netanyahu delivered an unsettling warning: Israel needs to prepare for sanctions on its banking system — and may need to turn to cryptocurrency as a workaround.

That blunt comments came several days after the Israel Defense Forces went on high alert, following weeks of reports that Netanyahu has been pushing for a renewal of the war with Iran. On Sunday, Channel 12 reported that Netanyahu had had an “unprecedented confrontation” with IDF chief Eyal Zamir, who resisted an order to take military action related to Iran.…