Iran blockade lifted before Iran-Oman Hormuz agreement

Contract brief

On July 13, 2026, Trump announced the United States would reinstate its naval blockade of Iran, targeting Iranian ships and customers. This market will resolve to “Yes” if the United States government, or an authorized representative of the United States government, publicly and officially announces the end, termination, lifting, or suspension of the United States’ naval blockade on Iranian ships and ships of Iranian customers before a diplomatic agreement between Oman and Iran over traffic in the strait of Hormuz is announced. Otherwise, this market will resolve to “No”. If neither a qualifying announcement of the end of the blockade nor a qualifying diplomatic agreement between Oman and Iran occurs by December 31, 2026, 11:59 PM ET, this market will resolve to "No". An announcement of the end of the blockade qualifies if it communicates that the United States will generally cease blocking vessel traffic for Iranian ships and customers, including an announcement that the blockade will not take effect at all, even if some restrictions remain (for example, an imposition of fees). An announcement does not qualify if it reflects only a limited or partial change that stops short of a general end or suspension of the blockade, for example, an exemption for a specific vessel, cargo, or port. A qualifying announcement must be a declarative statement of the United States government’s present termination or suspension of the blockade, previously-unannounced prior termination or suspension of the blockade, or definitive decision to terminate or suspend the blockade. A qualifying announcement must clearly and unambiguously identify the end or suspension of the blockade. Statements that merely allude to, reference, or describe an end to the blockade, without clearly communicating it, do not qualify. The announcement need not use specific terminology or reference the end of a blockade by name; an announcement of a resumption of prior obligations, the maintenance of a status quo, or a return to a previously agreed baseline qualifies, provided the substantive policy of ending or suspending the blockade is clearly and unambiguously communicated. A qualifying announcement must be made through official channels, by an individual acting in an official capacity. Statements made incidentally or informally in a context not intended for official communication do not qualify. The following do not qualify: Anonymous, unattributed, or leaked statements not confirmed as official; Statements by persons not authorized to speak for the United States government; Third-party speculation, analysis, or predictions that the United States government will announce or implement an end to the blockade; Satirical, fabricated, hacked, or impersonated communications; and Statements that describe a prospective, contingent, probable, or conditional end to the blockade rather than announcing a present and decided position. Once a qualifying announcement of the end of the blockade is made before a qualifying diplomatic agreement between Oman and Iran is announced, this market will resolve to “Yes” regardless of whether it is later reversed, or whether the blockade actually ends in practice. The primary resolution source for whether the blockade has ended will be official information from the United States government, including the President, the Department of Defense, the Department of State, and United States Central Command (CENTCOM), or the official representatives of the United States government. A diplomatic agreement refers to an official agreement, treaty, deal, or substantially similar diplomatic instrument that establishes agreed actions, policies, obligations, or commitments between Oman and Iran. A qualifying diplomatic agreement must establish Iranian or Omani policies, obligations, or commitments aimed at managing, permitting, restoring, or increasing vessel or shipping traffic through the Strait of Hormuz, including agreements defining vessel traffic corridors, fee collection policies, or other management policies. All listed countries must announce their acceptance of the same qualifying diplomatic agreement for a qualifying diplomatic agreement to be established. 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 whether a qualifying diplomatic agreement has been announced will be official information from the governments of Oman and Iran and a consensus of credible reporting.