Recent waves of diplomatic recognition, including by the UK, Canada, Australia, France, and several smaller European states in September 2025, have brought the total to around 157 UN member states supporting Palestinian statehood. These moves, coordinated around UN General Assembly sessions and a France-Saudi co-chaired conference on the two-state solution, reflect efforts to sustain momentum amid stalled negotiations and settlement expansion. Remaining holdouts such as the United States, Germany, Italy, Japan, and South Korea have cited conditions including Palestinian institutional reforms, hostage releases, and exclusion of Hamas from governance. Scheduled Palestinian legislative elections on 28 November 2026, with EU observation planned, and the September 2026 Global Alliance ministerial meeting could influence further announcements before the 2027 cutoff. Trader focus centers on whether additional Western or G20 states shift amid ongoing diplomatic initiatives.