Saudi Arabia and several other Arab and Muslim-majority states continue to condition formal recognition or normalization of relations with Israel on concrete progress toward Palestinian statehood, a stance reinforced by regional conflicts and public opinion trends since 2023. Kazakhstan acceded to the Abraham Accords framework in November 2025, expanding the group of states with diplomatic ties, while limited restorations of relations occurred with certain Latin American countries. U.S. diplomatic efforts, including potential security or nuclear incentives linked to Saudi Arabia, have not yet produced new agreements. With the December 31 deadline approaching amid ongoing Gaza-related diplomacy and no scheduled votes or summits guaranteeing breakthroughs, trader focus centers on whether any listed non-recognizing states will complete the necessary bilateral steps in the remaining months.