Sweden’s September 13, 2026, parliamentary election produced a narrow center-left majority of 176 seats against 173 for the outgoing right-wing bloc, prompting Prime Minister Ulf Kristersson’s resignation and transition to caretaker status. Magdalena Andersson’s initial government-formation attempt collapsed in late September over irreconcilable demands between the Centre and Left parties, leading the Speaker to grant her a renewed mandate with an October 12 reporting deadline. Under Sweden’s negative parliamentarism rules, up to four prime-minister proposals can fail before an extraordinary election becomes mandatory, yet no such rejections have occurred. Political actors across blocs have signaled willingness to adjust red lines rather than risk a snap vote, consistent with the absence of any extraordinary election since 1958 and the prevailing preference for negotiated outcomes. These procedural buffers and negotiation dynamics underpin trader expectations that no snap election will be called before year-end.