More than 500 passengers were on board the trains when the incident occurred in the province of Toledo, south of Madrid.
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With 85% of ballots counted, Netanyahu's Likud party and its allies are set to win 53 seats in the 120-seat Knesset.
People have been killed after a Spanish high-speed train collided with another train south of the capital Madrid, making this the country's worst disaster since 2013.
With 85% of votes counted, all signs point to an impasse. The most likely outcome may be new elections.
Despite having the highest voter turnout in nearly three decades, Israel's elections have had no clear winner. What does this mean for the country, asks the BBC's Yolande Knell.
The two main blocs appear to have too few seats to form the next government without reliance on Arab parties.
The Villa Vie Odyssey suspended its voyage and is working with passengers on "temporary living arrangements".