Israel’s president has tapped opposition leader Yair Lapid to form a new government on Wednesday a step that could lead to the end of the lengthy rule of Prime Minister Benjamin Netanyahu.

Iran Press/Middle East: Israeli President Reuven Rivlin announced his decision on live television a day after Netanyahu failed to cobble together a governing coalition by a midnight deadline.

Rivlin spent the day consulting with all of the parties elected to Israel’s parliament and announced late Wednesday that he believes Lapid has the best chance of forming a coalition.

Israeli Prime Minister Benjamin Netanyahu's mandate to form a government following an inconclusive election expired on Wednesday, giving his rivals a chance to take power and end the divisive premier's record tenure.

Netanyahu, on trial over corruption charges he denies, had a 28-day window to secure a coalition following the March 23 vote, Israel's fourth in less than two years.

The 71-year-old's right-wing Likud party won the most seats in the vote, but he and his allies came up short of an absolute majority in the 120-seat Knesset, Israel's parliament. 219