Iran and Oman have advanced talks on managing shipping through the Strait of Hormuz, with negotiators finalizing draft terms on new route coordinates, entry/exit controls, and potential service fees by early August 2026. Iranian officials described the process as reaching its final drafting and review stage, pending supreme leader approval and a possible joint statement, while noting that any reopening would require the United States to lift its naval blockade of Iranian ports. US statements have echoed expectations of an imminent deal, though details reported in Iranian media include restrictions on certain vessels and compensation mechanisms tied to prior conflict. These developments stem from a June 2026 US-Iran memorandum and earlier ceasefires amid the broader regional conflict, positioning bilateral diplomacy as a potential pathway to restore commercial traffic in the critical waterway.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedIran-Oman Hormuz Management Agreement by...?
$289,175 Vol.

August 15
4%

August 22
19%

August 31
35%

September 30
54%
$289,175 Vol.

August 15
4%

August 22
19%

August 31
35%

September 30
54%
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 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 Oman and Iran and a consensus of credible reporting.
Market Opened: Aug 10, 2026, 11:23 AM 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 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 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 Oman and Iran and a consensus of credible reporting.
Resolver
0x65070BE91...Iran and Oman have advanced talks on managing shipping through the Strait of Hormuz, with negotiators finalizing draft terms on new route coordinates, entry/exit controls, and potential service fees by early August 2026. Iranian officials described the process as reaching its final drafting and review stage, pending supreme leader approval and a possible joint statement, while noting that any reopening would require the United States to lift its naval blockade of Iranian ports. US statements have echoed expectations of an imminent deal, though details reported in Iranian media include restrictions on certain vessels and compensation mechanisms tied to prior conflict. These developments stem from a June 2026 US-Iran memorandum and earlier ceasefires amid the broader regional conflict, positioning bilateral diplomacy as a potential pathway to restore commercial traffic in the critical waterway.
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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