Trump's son-in-law Jared Kushner is expected shortly to unveil a plan for the Middle East. "Palestinian leadership has been unwilling to accept any reasonable peace proposal or even to negotiate seriously toward a solution".
The Blue and White party, Israeli Prime Minister Benjamin Netanyahu's main challenger in the elections, admitted defeat on Wednesday night but vowed to serve as "fierce opposition" to the right-wing leader.
David Makovsky, director of the Project on Arab-Israel Relations at the Washington Institute for Near East Policy, told NPR Netanyahu would likely hold off on annexation as a favor to Trump, pending the peace proposal.
Official results of Israel's elections were published on Thursday night, showing Prime Minister Benjamin Netanyahu's party has beaten the main rival, the Blue and White party.
When Gantz and his party conceded the election this week, they said they would fight Netanyahu in parliament and, one party leader said, "in 2020".
The chosen politician then has 28 days to form a government but can ask for an extension of up to 14 days.
Trump said in a tweet he congratulated Netanyahu on "a great and hard-fought win". "I'd like to congratulate him on a well-thought-out race".More news: Tornado Watch in effect for much of WSAZ viewing area
The results from Tuesday's vote came despite corruption allegations against the 69-year-old premier and kept him on course to become Israel's longest-serving prime minister later this year.
Tel Aviv Stock Exchange main indexes were up almost 1 percent in late trading on Wednesday, displaying confidence in a veteran prime minister who has overseen a humming economy and blunted various security threats, including from Syria.
Speaking in the early hours of Wednesday at the Likud's post-election party in Tel Aviv, Netanyahu called it a "magnificent victory".
Netanyahu's most immediate problem is to find a way to protect himself from the slew of criminal investigations and potential corruption charges that have been attached to his name in recent months. Whilst this does not appear to have damaged his results in the election, it could seriously compromise his future, forcing him to dedicate precious time and efforts to emerging unscathed from the bribery, fraud and breach of trust cases opened against him by the attorney general, Avichai Mendelblit. The murder touched off a backlash against the right in Israel and against Netanyahu.
Trump almost always backs Netanyahu and has given him a series of wins: Moving the U.S. Embassy to Jerusalem, recognizing Israel's annexation of the Golan Heights, taking tough steps against Iran.
But even if he tries, it's unclear whether Netanyahu would have the votes to succeed.
Commenting on the election, Palestinian chief negotiator Saeb Erekat said: "Israelis have voted to preserve the status quo". We are talking about no less than 400 settlements (housing at least 400,000 settlers), all deemed illegal under worldwide law, as they violate the law of occupation.