Several Western governments, including the UK, Canada, Australia, and France, along with smaller European states, formally recognized the State of Palestine during the September 2025 UN General Assembly two-state solution conference, raising the total to approximately 157 of 193 UN members. This coordinated diplomatic push, linked to Gaza developments and efforts to advance a two-state framework, produced no further recognitions in the following months. Remaining holdouts among G7 and EU states face domestic political constraints, alliance considerations with Israel, and conditions such as Palestinian Authority reforms or hostage releases. Trader focus centers on whether additional European or G20 countries will move before the December 2026 resolution deadline amid ongoing bilateral diplomacy.