India, Japan and most European nations joined the Hormuz Strait draft resolution, while 112 countries back the resolution, according to Al Jazeera

The endorsement of the Hormuz Strait draft resolution by India, Japan, and most European nations reflects a significant diplomatic alignment and highlights growing concerns over maritime security in the region. This unified stance from 112 countries may affect risk sentiment, particularly in oil markets, as it signals potential for increased regulatory oversight or military presence, impacting supply dynamics and potentially driving prices.