Overview
- Official counts show Labour and four left-leaning allies taking 87 of 169 seats, clearing the 85 needed to govern.
- The Progress Party achieved its best result with about 48 seats, becoming the second-largest force as the Conservatives slumped to one of their weakest showings in decades.
- Tough talks now loom over wealth-tax policy, future oil and gas exploration, and potential further divestments from Israeli companies by the $2 trillion sovereign wealth fund.
- The campaign centered on living costs, taxation and public services, with global tensions over Ukraine, Gaza and U.S. trade rhetoric shaping voter preferences.
- Labour’s rebound was aided by the return of former NATO chief Jens Stoltenberg as finance minister, which delivered a marked polling boost, and the election saw record early voting of about 1.9 million ballots.