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PRIME MINISTER YITZCHAK RABIN ASSASSINATED On November 4, Yitzhak Rabin, Israel's Prime Minister was assassinated by Yigal Amir, a right- wing Israeli opponent of the peace process. Rabin was succeeded by his Foreign Minister, Shimon Peres. An election in May 1996 saw Peres defeated by oppposition party chief Benjamin Netanyahu, who was pledged to slowing the peace process. It is widely accepted that Peres' defeat came about as a direct result of a wave of Palestinian bombings which claimed many Israeli lives.

on November 4, 1995, Israeli Prime Minister Yitzhak Rabin was assassinated by a right-wing opponent of the policy of relinquishing territories to the Palestinians.   Shimon Peres succeeded Rabin, whose funeral was attended by many world leaders, including a number from the Arab world.  To capitalize on his high ratings in early polls, Peres decided to move the date of the next elections forward.  On February 11, 1996, Peres announced that elections would take place that May.  This announcement came less then a month after Israel successfully killed a leading Hamas bomb-maker.  In a short period between in the end of February and the beginning of March, four suicide bombings took place, killing dozens of Israelis.  Peres’ support began to quickly evaporate, in spite of an impressive international conference convened in Sharm el Sheik that representatives from 27 nations attendedincluding Arab delegates who came to show their support for the peace process.

On May 29, in the first Israeli election to feature direct voting for Prime Minister, Benjamin Netanyahu, running on a platform opposing the peace process, defeated Shimon Peres by a margin of under 30,000 votes.