Russia and China used the veto despite all of the watered down language due to this also coinciding with Trump’s threats today and don’t want to be seen as siding with any force/military rhetoric, Al Jazeera's Biesan reports citing sources

The veto from Russia and China highlights their ongoing resistance to U.S. influence amidst Trump's recent threats, suggesting a strategic alignment against military rhetoric. This geopolitical tension could lead to heightened market volatility, particularly affecting safe-haven assets such as gold, as well as currencies like the USD and JPY that typically react to perceived instability.