**Tensions over Strait of Hormuz administration remain the central driver of trader positioning on any US-Iran agreement.** A June 2026 memorandum of understanding temporarily halted major hostilities, provided limited US sanctions relief on Iranian oil, and required Iran to clear mines and allow toll-free commercial passage for 60 days while talks continued toward a final accord. The pact unraveled by mid-July amid conflicting interpretations of Hormuz management—Tehran asserted rights to set routes and fees after the initial period, while Washington demanded pre-war freedom of navigation without Iranian oversight. Renewed strikes, attacks on vessels, and low traffic levels have persisted into August, with the 60-day window now expired and no permanent deal in place. Iran has pursued separate talks with Oman and other littoral states on maritime services, while the US has signaled stricter sanctions enforcement and rejected immediate further negotiations. These developments, combined with stalled nuclear discussions and enforcement of naval measures, underpin current market pricing that assigns low probabilities to near-term comprehensive agreement. Key near-term catalysts include any Oman-mediated progress or new sanctions actions that could alter de-escalation prospects.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedUS-Iran Hormuz Agreement by...?
$724,620 Vol.

August 31
4%

September 15
8%

September 30
18%
$724,620 Vol.

August 31
4%

September 15
8%

September 30
18%
A diplomatic agreement refers to an official agreement, treaty, deal, or substantially similar diplomatic instrument that establishes agreed actions, policies, obligations, or commitments between the United States and Iran.
A qualifying diplomatic agreement must establish Iranian policies, obligations, or commitments aimed at permitting, restoring, or increasing vessel or shipping traffic through the Strait of Hormuz.
All listed countries must announce their acceptance of the same qualifying diplomatic agreement for the Payout Condition to be met. A joint announcement will qualify, as will separate announcements from each entity of its own acceptance of an agreement which, taken together, directly indicate that all the listed countries accepted the same agreement. Separate announcements of individual policies will not qualify if the policies are not announced as part of a diplomatic agreement.
Each announcement must be a declarative statement that clearly and unambiguously communicates acceptance of an agreement. Statements that reference ongoing negotiations or a prospective agreement, or that allude to or express support for an agreement without confirming acceptance of the agreement, do not qualify. A qualifying announcement need not reference the agreement by name or use specific terminology, provided it clearly communicates acceptance of an agreement.
Whether announcements from the listed countries represent a diplomatic agreement and whether such an agreement qualifies will be primarily determined through the announcements themselves. Where an announcement is made by all listed countries but, based on the announcements, it remains ambiguous whether the announcements represent a qualifying diplomatic agreement between the countries, this market will remain open until either i) definitive confirmation that the announcements represent a qualifying diplomatic agreement between the listed entities is achieved through further announcements from the listed countries or a consensus of credible reporting or ii) 14 calendar days (ET) have passed after the date that the last country made their first potentially qualifying announcement. If, at the end of the fourteenth calendar day, no definitive confirmation has been achieved, this market will resolve based on the totality of information available from the resolution sources at that time. No single statement, denial, or presentation of evidence will govern where it is contradicted by the totality of information.
The resolution sources for this market will be official information from the governments of the United States and Iran and a consensus of credible reporting.
Market Opened: Aug 3, 2026, 10:57 PM ET
Resolver
0x65070BE91...A diplomatic agreement refers to an official agreement, treaty, deal, or substantially similar diplomatic instrument that establishes agreed actions, policies, obligations, or commitments between the United States and Iran.
A qualifying diplomatic agreement must establish Iranian policies, obligations, or commitments aimed at permitting, restoring, or increasing vessel or shipping traffic through the Strait of Hormuz.
All listed countries must announce their acceptance of the same qualifying diplomatic agreement for the Payout Condition to be met. A joint announcement will qualify, as will separate announcements from each entity of its own acceptance of an agreement which, taken together, directly indicate that all the listed countries accepted the same agreement. Separate announcements of individual policies will not qualify if the policies are not announced as part of a diplomatic agreement.
Each announcement must be a declarative statement that clearly and unambiguously communicates acceptance of an agreement. Statements that reference ongoing negotiations or a prospective agreement, or that allude to or express support for an agreement without confirming acceptance of the agreement, do not qualify. A qualifying announcement need not reference the agreement by name or use specific terminology, provided it clearly communicates acceptance of an agreement.
Whether announcements from the listed countries represent a diplomatic agreement and whether such an agreement qualifies will be primarily determined through the announcements themselves. Where an announcement is made by all listed countries but, based on the announcements, it remains ambiguous whether the announcements represent a qualifying diplomatic agreement between the countries, this market will remain open until either i) definitive confirmation that the announcements represent a qualifying diplomatic agreement between the listed entities is achieved through further announcements from the listed countries or a consensus of credible reporting or ii) 14 calendar days (ET) have passed after the date that the last country made their first potentially qualifying announcement. If, at the end of the fourteenth calendar day, no definitive confirmation has been achieved, this market will resolve based on the totality of information available from the resolution sources at that time. No single statement, denial, or presentation of evidence will govern where it is contradicted by the totality of information.
The resolution sources for this market will be official information from the governments of the United States and Iran and a consensus of credible reporting.
Resolver
0x65070BE91...**Tensions over Strait of Hormuz administration remain the central driver of trader positioning on any US-Iran agreement.** A June 2026 memorandum of understanding temporarily halted major hostilities, provided limited US sanctions relief on Iranian oil, and required Iran to clear mines and allow toll-free commercial passage for 60 days while talks continued toward a final accord. The pact unraveled by mid-July amid conflicting interpretations of Hormuz management—Tehran asserted rights to set routes and fees after the initial period, while Washington demanded pre-war freedom of navigation without Iranian oversight. Renewed strikes, attacks on vessels, and low traffic levels have persisted into August, with the 60-day window now expired and no permanent deal in place. Iran has pursued separate talks with Oman and other littoral states on maritime services, while the US has signaled stricter sanctions enforcement and rejected immediate further negotiations. These developments, combined with stalled nuclear discussions and enforcement of naval measures, underpin current market pricing that assigns low probabilities to near-term comprehensive agreement. Key near-term catalysts include any Oman-mediated progress or new sanctions actions that could alter de-escalation prospects.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated

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