Diplomatic momentum for new recognitions of Israel by late June centers on potential Abraham Accords expansions involving non-recognizing Arab and Muslim-majority states, particularly Syria and Saudi Arabia. Syria’s interim government has signaled interest in formal ties and ambassador exchanges by the end of 2026, though bilateral security and border issues would need swift resolution to meet the earlier deadline. Saudi Arabia continues to tie any normalization to concrete advances toward a Palestinian state with East Jerusalem as its capital, a condition that has stalled prior talks. Recent U.S. envoy visits and multilateral summits have sustained channels without yielding firm commitments in the past month. These structural hurdles and conditioning factors explain the modest trader consensus on near-term breakthroughs for leading candidate countries.