Recent waves of diplomatic recognition in September 2025, including by the United Kingdom, France, Canada, Australia, Portugal and several smaller European states during the UN General Assembly session, have raised the total to 157 of 193 UN members. These moves followed coordinated announcements tied to advancing a two-state solution, Gaza ceasefire progress and hostage release conditions. Major non-recognizers such as the United States, Germany and Japan have maintained opposition, with the US explicitly rejecting unilateral steps. Traders focus on potential additional European or G20 shifts ahead of the September 2026 UN General Assembly, alongside any evolution in bilateral relations, Palestinian Authority governance requirements or security preconditions that could accelerate or stall further recognitions before the 2027 deadline.