Negotiations between the United States and Iran center on a potential 2026 final agreement following the June Islamabad Memorandum of Understanding, which established a 60-day window for talks on nuclear limits, sanctions relief, and related issues after earlier ceasefires and technical discussions in Switzerland. Recent developments include stalled progress amid disputes over Iran's highly enriched uranium stockpile, IAEA inspection access, uranium enrichment levels for nonmilitary use, and control of shipping through the Strait of Hormuz, with Oman-mediated efforts toward an interim reopening deal ongoing into August. Trader sentiment reflects uncertainty around these core elements, including possible economic reconstruction commitments and de-escalation measures tied to proxy conflicts, as further rounds of diplomacy could alter the scope of any finalized terms before year-end.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedWhat will be in a US-Iran deal in 2026?
What will be in a US-Iran deal in 2026?
$562,173 Vol.
Dec 31, 2026
Iran Reconstruction Funding
21%
Uranium Enrichment % Cap (1+ Year)
18%
≤5% Uranium Enrichment Cap (1+ Year)
18%
Dilution of Iran's Uranium
15%
1+ Year Enrichment Moratorium
12%
Enriched Uranium Surrender
11%
$562,173 Vol.
Iran Reconstruction Funding
$117,342 Vol.
21%
Uranium Enrichment % Cap (1+ Year)
$105,838 Vol.
18%
≤5% Uranium Enrichment Cap (1+ Year)
$100,664 Vol.
18%
Dilution of Iran's Uranium
$101,183 Vol.
15%
1+ Year Enrichment Moratorium
$86,223 Vol.
12%
Enriched Uranium Surrender
$50,921 Vol.
11%
This market resolves to "Yes" if a written diplomatic instrument between the United States and Iran that establishes a non-Iranian fund or substantive funding mechanism for Iranian reconstruction or economic development, or creates an obligation for non-Iranian actors to commit funding to such reconstruction or development, has been mutually signed or otherwise formally adopted by December 31, 2026, 11:59 PM ET. Otherwise, this market resolves to "No."
The instrument must either directly establish a fund or substantive funding mechanism the purpose of which is to hold or collect, and distribute funds used in the reconstruction or economic development of Iran, or establish a binding obligation for actors not under the control of Iran to commit funding to the reconstruction or economic development of Iran. A substantive funding mechanism refers to a specifically defined structure or revenue source that channels non-Iranian funds toward Iranian reconstruction, such as the establishment of a Strait of Hormuz transit toll with proceeds designated for that purpose. Commitments to establish a plan for funding Iranian reconstruction, or to seek funds, which do not create a fund or substantive funding mechanism or establish a funding obligation for a non-Iranian actor, do not qualify. The release of Iranian frozen assets, or the withdrawal of economic sanctions on Iran will not qualify.
The funding must come, in whole or in part, from sources other than Iran; a mechanism or obligation funded solely by Iran, or solely by released Iranian assets, does not qualify. The funding need not come from the United States; funding from third-party entities, established as part of the instrument, will qualify.
The establishment of a non-Iranian fund or substantive funding mechanism for, or an obligation for non-Iranian actors to commit funding to, Iranian reconstruction or economic development must be expressed as a presently-agreed obligation to be implemented. A presently-agreed obligation to establish such a fund or mechanism, or a presently-agreed obligation to commit funds, will qualify, even if technical or procedural details, including the implementation schedule or exact dollar amount, remain subject to future arrangements. A conditional commitment the substantive obligation of which remains explicitly subject to a future agreement, negotiation process, or mutually agreed follow-on instrument (e.g., a commitment to negotiate a fund in a future agreement) will not qualify. A commitment explicitly framed as a minimum requirement for a future negotiation, rather than a present obligation, will not qualify.
Unless the written instrument is formally adopted without signature as described below, the instrument must be signed by both the United States and Iran. Both parties must either sign the same document or sign individual documents that substantively and directly indicate acceptance of the same underlying instrument, regardless of minor formatting, wording, or translation differences between the signed versions. Both physical signatures and officially-issued electronic signatures will qualify as signatures.
If the written instrument is recognized by the United States and Iran as not requiring signature for execution, formal adoption of the instrument by both countries without signature will qualify. Formal adoption may be established by official actions, including:
(i) an official joint statement announcing that the United States and Iran have adopted, approved, executed, concluded, or otherwise finalized the instrument;
(ii) mutual official confirmation that the same published instrument has been agreed to, adopted, approved, executed, or concluded by both countries;
(iii) adoption, approval, or endorsement through an official resolution, ministerial decision, executive decision, or equivalent institutional act, where that act is the mechanism by which the relevant country adopts the instrument; or
(iv) an exchange of official diplomatic notes or letters confirming acceptance of the same instrument.
Whether an instrument qualifies will be primarily determined by its officially released text. A qualifying instrument must be signed or formally adopted by both the United States and Iran by the specified date, 11:59 PM ET. If an instrument is signed or formally adopted by that time, but the complete text has not been released, and genuine material ambiguity remains as to whether it satisfies this market’s requirements, this market may remain open for up to 28 calendar days after the specified date pending release of the text. If the text has still not been released after 28 calendar days, official and definitive announcements from the United States or Iran, and a consensus of credible reporting, will be used to determine whether the instrument qualifies.
An instrument to which parties other than the United States and Iran are also party will qualify, provided that both the United States and Iran are parties to the instrument and all other requirements are satisfied.
Once a diplomatic instrument has been signed or formally adopted without signature by both the United States and Iran and confirmed to satisfy the requirements of a qualifying written diplomatic instrument, this market’s condition is met, regardless of whether the instrument later enters into force, is ratified, receives legislative or treaty consent, or is subsequently repudiated, withdrawn from, or not implemented by the United States or Iran.
The primary resolution sources for this market will be official communications from the governments of the United States and Iran, or their authorized representatives. A consensus of credible reporting from major news agencies of record may also be used.
This market resolves to “Yes” if a written diplomatic instrument between the United States and Iran that establishes a specific, percentage cap on the purity level to which Iran may enrich uranium, committed to for at least one year, has been mutually signed or otherwise formally adopted by December 31, 2026, 11:59 PM ET. Otherwise, this market resolves to “No.”
The instrument must specifically include a percentage cap that operates as a general ceiling on the level to which Iran may enrich uranium for any purpose. Vague, or non-specific language regarding the level of Iranian uranium enrichment which does not establish a specific percentage-cap ceiling on all Iranian enrichment (e.g., “lower levels”, “civilian grade”, “maintain the status quo”) will not qualify. Caps that directly mandate a specific percentage cap on enrichment through reference to a publicly-recognized benchmark percentage (e.g., JCPOA-levels), however, will qualify, even if they do not specifically reference the relevant numeric percentage itself. An Iranian commitment to end all enrichment of uranium qualifies as a cap, as it establishes a 0% cap on Iranian uranium enrichment.
A qualifying enrichment cap must be committed for a period of at least one year. A permanent enrichment cap will qualify. An enrichment cap with no specified end date will qualify unless explicitly framed as short-term, provisional, or temporary (e.g., a commitment not to enrich uranium while the exact implementation terms of the instrument are being finalized would not qualify). A cap committed to for less than one year will not qualify, even if framed as permitting extension.
The enrichment cap must be expressed as a presently-agreed obligation to be implemented. A presently-agreed obligation to such an enrichment cap will qualify, even if technical or procedural details, including the implementation schedule or specific monitoring requirements, remain subject to future arrangements. A conditional commitment the substantive obligation of which remains explicitly subject to a future agreement, negotiation process, or mutually agreed follow-on instrument (e.g., a commitment to agree upon an enrichment cap in a future agreement) will not qualify. A commitment explicitly framed as a minimum requirement for a future negotiation, rather than a present obligation, will not qualify.
Unless the written instrument is formally adopted without signature as described below, the instrument must be signed by both the United States and Iran. Both parties must either sign the same document or sign individual documents that substantively and directly indicate acceptance of the same underlying instrument, regardless of minor formatting, wording, or translation differences between the signed versions. Both physical signatures and officially-issued electronic signatures will qualify as signatures.
If the written instrument is recognized by the United States and Iran as not requiring signature for execution, formal adoption of the instrument by both countries without signature will qualify. Formal adoption may be established by official actions, including:
(i) an official joint statement announcing that the United States and Iran have adopted, approved, executed, concluded, or otherwise finalized the instrument;
(ii) mutual official confirmation that the same published instrument has been agreed to, adopted, approved, executed, or concluded by both countries;
(iii) adoption, approval, or endorsement through an official resolution, ministerial decision, executive decision, or equivalent institutional act, where that act is the mechanism by which the relevant country adopts the instrument; or
(iv) an exchange of official diplomatic notes or letters confirming acceptance of the same instrument.
Whether an instrument qualifies will be primarily determined by its officially released text. A qualifying instrument must be signed or formally adopted by both the United States and Iran by the specified date, 11:59 PM ET. If an instrument is signed or formally adopted by that time, but the complete text has not been released, and genuine material ambiguity remains as to whether it satisfies this market’s requirements, this market may remain open for up to 28 calendar days after the specified date pending release of the text. If the text has still not been released after 28 calendar days, official and definitive announcements from the United States or Iran, and a consensus of credible reporting, will be used to determine whether the instrument qualifies.
An instrument to which parties other than the United States and Iran are also party will qualify, provided that both the United States and Iran are parties to the instrument and all other requirements are satisfied.
Once a diplomatic instrument has been signed or formally adopted without signature by both the United States and Iran and confirmed to satisfy the requirements of a qualifying written diplomatic instrument, this market’s condition is met, regardless of whether the instrument later enters into force, is ratified, receives legislative or treaty consent, or is subsequently repudiated, withdrawn from, or not implemented by the United States or Iran.
The primary resolution sources for this market will be official communications from the governments of the United States and Iran, or their authorized representatives. A consensus of credible reporting from major news agencies of record may also be used.
This market resolves to “Yes” if a written diplomatic instrument between the United States and Iran that establishes a percentage cap of 5% or less on the purity level to which Iran may enrich uranium, committed to for at least one year, has been mutually signed or otherwise formally adopted by December 31, 2026, 11:59 PM ET. Otherwise, this market resolves to “No.”
The instrument must specifically include a 5% or lower percentage cap that operates as a general ceiling on the level to which Iran may enrich uranium for any purpose. Vague, or non-specific language regarding the level of Iranian uranium enrichment which does not establish a specific percentage cap on all Iranian enrichment (e.g., “lower levels”, “civilian grade”, “maintain the status quo”) will not qualify. Caps which directly mandate a precise 5% or lower percentage cap on Iranian enrichment through reference to a publicly-recognized benchmark percentage (e.g., JCPOA-levels), however, will qualify, even if they do not specifically reference the relevant numeric percentage itself. An Iranian commitment to end all enrichment of uranium qualifies as a cap, as it establishes a 0% cap on Iranian uranium enrichment.
A qualifying enrichment cap must be committed for a period of at least one year. A permanent enrichment cap will qualify. An enrichment cap with no specified end date will qualify unless explicitly framed as short-term, provisional, or temporary (e.g., a commitment not to enrich uranium while the exact implementation terms of the instrument are being finalized would not qualify). A cap committed to for less than one year will not qualify, even if framed as permitting extension.
The enrichment cap must be expressed as a presently-agreed obligation to be implemented. A presently-agreed obligation to such an enrichment cap will qualify, even if technical or procedural details, including the implementation schedule or specific monitoring requirements, remain subject to future arrangements. A conditional commitment the substantive obligation of which remains explicitly subject to a future agreement, negotiation process, or mutually agreed follow-on instrument (e.g., a commitment to agree upon an enrichment cap in a future agreement) will not qualify. A commitment explicitly framed as a minimum requirement for a future negotiation, rather than a present obligation, will not qualify.
Unless the written instrument is formally adopted without signature as described below, the instrument must be signed by both the United States and Iran. Both parties must either sign the same document or sign individual documents that substantively and directly indicate acceptance of the same underlying instrument, regardless of minor formatting, wording, or translation differences between the signed versions. Both physical signatures and officially-issued electronic signatures will qualify as signatures.
If the written instrument is recognized by the United States and Iran as not requiring signature for execution, formal adoption of the instrument by both countries without signature will qualify. Formal adoption may be established by official actions, including:
(i) an official joint statement announcing that the United States and Iran have adopted, approved, executed, concluded, or otherwise finalized the instrument;
(ii) mutual official confirmation that the same published instrument has been agreed to, adopted, approved, executed, or concluded by both countries;
(iii) adoption, approval, or endorsement through an official resolution, ministerial decision, executive decision, or equivalent institutional act, where that act is the mechanism by which the relevant country adopts the instrument; or
(iv) an exchange of official diplomatic notes or letters confirming acceptance of the same instrument.
Whether an instrument qualifies will be primarily determined by its officially released text. A qualifying instrument must be signed or formally adopted by both the United States and Iran by the specified date, 11:59 PM ET. If an instrument is signed or formally adopted by that time, but the complete text has not been released, and genuine material ambiguity remains as to whether it satisfies this market’s requirements, this market may remain open for up to 28 calendar days after the specified date pending release of the text. If the text has still not been released after 28 calendar days, official and definitive announcements from the United States or Iran, and a consensus of credible reporting, will be used to determine whether the instrument qualifies.
An instrument to which parties other than the United States and Iran are also party will qualify, provided that both the United States and Iran are parties to the instrument and all other requirements are satisfied.
Once a diplomatic instrument has been signed or formally adopted without signature by both the United States and Iran and confirmed to satisfy the requirements of a qualifying written diplomatic instrument, this market’s condition is met, regardless of whether the instrument later enters into force, is ratified, receives legislative or treaty consent, or is subsequently repudiated, withdrawn from, or not implemented by the United States or Iran.
The primary resolution sources for this market will be official communications from the governments of the United States and Iran, or their authorized representatives. A consensus of credible reporting from major news agencies of record may also be used.
This market resolves to “Yes” if a written diplomatic instrument between the United States and Iran that establishes a commitment for Iranian-controlled enriched uranium to be downblended or diluted has been mutually signed or otherwise formally adopted by December 31, 2026, 11:59 PM ET. Otherwise, this market resolves to “No.”
A qualifying written instrument must provide for any quantity of enriched uranium held by Iran to be downblended or diluted to a lower enrichment level. The establishment of an enrichment cap or an enrichment moratorium, without a commitment to downblend or dilute already enriched uranium, will not qualify.
The instrument must require the dilution to occur within Iran, or for the diluted material to be returned to Iranian control, having been dilated or downblended elsewhere. Iran need not carry out the downblending or dilution itself; a commitment for a third-party entity (e.g., the IAEA) to perform it will qualify. A commitment to remove enriched uranium from Iranian territory does not qualify, unless the terms of the instrument specifically require the uranium to be diluted and the resulting diluted material be returned to Iran’s possession or control.
The dilution or downblending of Iranian enriched uranium must be expressed as a presently-agreed obligation to be implemented. A presently-agreed obligation to dilute Iranian uranium will qualify, even if technical or procedural details, including the implementation schedule or exact dilution method, remain subject to future arrangements. A conditional commitment the substantive obligation of which remains explicitly subject to a future agreement, negotiation process, or mutually agreed follow-on instrument (e.g., a commitment to negotiate a dilution requirement in a future agreement) will not qualify. A commitment explicitly framed as a minimum requirement for a future negotiation, rather than a present obligation, will not qualify.
Unless the written instrument is formally adopted without signature as described below, the instrument must be signed by both the United States and Iran. Both parties must either sign the same document or sign individual documents that substantively and directly indicate acceptance of the same underlying instrument, regardless of minor formatting, wording, or translation differences between the signed versions. Both physical signatures and officially-issued electronic signatures will qualify as signatures.
If the written instrument is recognized by the United States and Iran as not requiring signature for execution, formal adoption of the instrument by both countries without signature will qualify. Formal adoption may be established by official actions, including:
(i) an official joint statement announcing that the United States and Iran have adopted, approved, executed, concluded, or otherwise finalized the instrument;
(ii) mutual official confirmation that the same published instrument has been agreed to, adopted, approved, executed, or concluded by both countries;
(iii) adoption, approval, or endorsement through an official resolution, ministerial decision, executive decision, or equivalent institutional act, where that act is the mechanism by which the relevant country adopts the instrument; or
(iv) an exchange of official diplomatic notes or letters confirming acceptance of the same instrument.
Whether an instrument qualifies will be primarily determined by its officially released text. A qualifying instrument must be signed or formally adopted by both the United States and Iran by the specified date, 11:59 PM ET. If an instrument is signed or formally adopted by that time, but the complete text has not been released, and genuine material ambiguity remains as to whether it satisfies this market’s requirements, this market may remain open for up to 28 calendar days after the specified date pending release of the text. If the text has still not been released after 28 calendar days, official and definitive announcements from the United States or Iran, and a consensus of credible reporting, will be used to determine whether the instrument qualifies.
An instrument to which parties other than the United States and Iran are also party will qualify, provided that both the United States and Iran are parties to the instrument and all other requirements are satisfied.
Once a diplomatic instrument has been signed or formally adopted without signature by both the United States and Iran and confirmed to satisfy the requirements of a qualifying written diplomatic instrument, this market’s condition is met, regardless of whether the instrument later enters into force, is ratified, receives legislative or treaty consent, or is subsequently repudiated, withdrawn from, or not implemented by the United States or Iran.
The primary resolution sources for this market will be official communications from the governments of the United States and Iran, or their authorized representatives. A consensus of credible reporting from major news agencies of record may also be used.
This market resolves to “Yes” if a written diplomatic instrument between the United States and Iran that creates a moratorium on all enrichment of uranium for Iran for a period of at least one year has been mutually signed or otherwise formally adopted by December 31, 2026, 11:59 PM ET. Otherwise, this market resolves to “No.”
The moratorium must be for a period of at least one year. A commitment to end enrichment permanently will qualify. A moratorium with no specified end date will qualify unless explicitly framed as short-term, provisional, or temporary (e.g., a commitment not to enrich uranium while the exact implementation details of the instrument are being finalized would not qualify). A moratorium committed to for less than one year will not qualify, even if framed as permitting extension.
The commitment must specifically communicate the suspension or end of all Iranian enrichment of uranium for any purpose. Commitments which do not explicitly reference such a moratorium (e.g., a commitment to “maintain the status quo”), will not qualify. Restrictions on the purity or level to which Iran may enrich uranium, or commitments only to dilute, down-blend, surrender, or eliminate Iran’s uranium stockpile, will not qualify.
The commitment must be expressed as a presently-agreed obligation to be implemented. A presently-agreed obligation to implement such a moratorium will qualify, even if technical or procedural details, including the exact implementation schedule, remain subject to future arrangements (e.g., an unconditional commitment to a qualifying moratorium to be implemented in sequence with already-agreed-upon reciprocal commitments from the United States would qualify). A conditional commitment the substantive obligation of which remains explicitly subject to a future agreement, negotiation process, or mutually agreed follow-on instrument (e.g., a commitment to agree upon a moratorium in a future agreement) will not qualify. A commitment explicitly framed as a minimum requirement for a future negotiation, rather than a present obligation, will not qualify
Unless the written instrument is formally adopted without signature as described below, the instrument must be signed by both the United States and Iran. Both parties must either sign the same document or sign individual documents that substantively and directly indicate acceptance of the same underlying instrument, regardless of minor formatting, wording, or translation differences between the signed versions. Both physical signatures and officially-issued electronic signatures will qualify as signatures.
If the written instrument is recognized by the United States and Iran as not requiring signature for execution, formal adoption of the instrument by both countries without signature will qualify. Formal adoption may be established by official actions, including:
(i) an official joint statement announcing that the United States and Iran have adopted, approved, executed, concluded, or otherwise finalized the instrument;
(ii) mutual official confirmation that the same published instrument has been agreed to, adopted, approved, executed, or concluded by both countries;
(iii) adoption, approval, or endorsement through an official resolution, ministerial decision, executive decision, or equivalent institutional act, where that act is the mechanism by which the relevant country adopts the instrument; or
(iv) an exchange of official diplomatic notes or letters confirming acceptance of the same instrument.
Whether an instrument qualifies will be primarily determined by its officially released text. A qualifying instrument must be signed or formally adopted by both the United States and Iran by the specified date, 11:59 PM ET. If an instrument is signed or formally adopted by that time, but the complete text has not been released, and genuine material ambiguity remains as to whether it satisfies this market’s requirements, this market may remain open for up to 28 calendar days after the specified date pending release of the text. If the text has still not been released after 28 calendar days, official and definitive announcements from the United States or Iran, and a consensus of credible reporting, will be used to determine whether the instrument qualifies.
An instrument to which parties other than the United States and Iran are also party will qualify, provided that both the United States and Iran are parties to the instrument and all other requirements are satisfied.
Once a diplomatic instrument has been signed or formally adopted without signature by both the United States and Iran and confirmed to satisfy the requirements of a qualifying written diplomatic instrument, this market’s condition is met, regardless of whether the instrument later enters into force, is ratified, receives legislative or treaty consent, or is subsequently repudiated, withdrawn from, or not implemented by the United States or Iran.
The primary resolution sources for this market will be official communications from the governments of the United States and Iran, or their authorized representatives. A consensus of credible reporting from major news agencies of record may also be used.
This market resolves to “Yes” if a written diplomatic instrument between the United States and Iran that commits Iran to surrender any quantity of enriched uranium has been mutually signed or otherwise formally adopted by December 31, 2026, 11:59 PM ET. Otherwise, this market resolves to “No.”
A qualifying written instrument must explicitly commit Iran to the transfer of a portion or all of its enriched uranium stockpile outside of Iranian territory and into the custody of an entity other than Iran. Sales, or other arrangements in which Iran is compensated for such a transfer, will qualify.
The commitment must be expressed as a presently-agreed obligation to be implemented. A present and definite commitment to a qualifying transfer of enriched uranium will qualify even if the related technical or procedural details (e.g., the recipient or custodian, the transportation arrangements, or the implementation schedule) have not been finalized. A conditional commitment, the substantive obligation of which remains explicitly subject to a future agreement, negotiation process, or mutually agreed follow-on instrument (e.g., a commitment to negotiate a transfer in a future agreement) will not qualify. A commitment explicitly framed as a minimum requirement for a future negotiation, rather than a present obligation, will not qualify.
Unless the written instrument is formally adopted without signature as described below, the instrument must be signed by both the United States and Iran. Both parties must either sign the same document or sign individual documents that substantively and directly indicate acceptance of the same underlying instrument, regardless of minor formatting, wording, or translation differences between the signed versions. Both physical signatures and officially-issued electronic signatures will qualify as signatures.
If the written instrument is recognized by the United States and Iran as not requiring signature for execution, formal adoption of the instrument by both countries without signature will qualify. Formal adoption may be established by official actions, including:
(i) an official joint statement announcing that the United States and Iran have adopted, approved, executed, concluded, or otherwise finalized the instrument;
(ii) mutual official confirmation that the same published instrument has been agreed to, adopted, approved, executed, or concluded by both countries;
(iii) adoption, approval, or endorsement through an official resolution, ministerial decision, executive decision, or equivalent institutional act, where that act is the mechanism by which the relevant country adopts the instrument; or
(iv) an exchange of official diplomatic notes or letters confirming acceptance of the same instrument.
Whether an instrument qualifies will be primarily determined by its officially released text. A qualifying instrument must be signed or formally adopted by both the United States and Iran by the specified date, 11:59 PM ET. If an instrument is signed or formally adopted by that time, but the complete text has not been released, and genuine material ambiguity remains as to whether it satisfies this market’s requirements, this market may remain open for up to 28 calendar days after the specified date pending release of the text. If the text has still not been released after 28 calendar days, official and definitive announcements from the United States or Iran, and a consensus of credible reporting, will be used to determine whether the instrument qualifies.
An instrument to which parties other than the United States and Iran are also party will qualify, provided that both the United States and Iran are parties to the instrument and all other requirements are satisfied.
Once a diplomatic instrument has been signed or formally adopted without signature by both the United States and Iran and confirmed to satisfy the requirements of a qualifying written diplomatic instrument, this market’s condition is met, regardless of whether the instrument later enters into force, is ratified, receives legislative or treaty consent, or is subsequently repudiated, withdrawn from, or not implemented by the United States or Iran.
The primary resolution sources for this market will be official communications from the governments of the United States and Iran, or their authorized representatives. A consensus of credible reporting from major news agencies of record may also be used. Negotiations between the United States and Iran center on a potential 2026 final agreement following the June Islamabad Memorandum of Understanding, which established a 60-day window for talks on nuclear limits, sanctions relief, and related issues after earlier ceasefires and technical discussions in Switzerland. Recent developments include stalled progress amid disputes over Iran's highly enriched uranium stockpile, IAEA inspection access, uranium enrichment levels for nonmilitary use, and control of shipping through the Strait of Hormuz, with Oman-mediated efforts toward an interim reopening deal ongoing into August. Trader sentiment reflects uncertainty around these core elements, including possible economic reconstruction commitments and de-escalation measures tied to proxy conflicts, as further rounds of diplomacy could alter the scope of any finalized terms before year-end.
This market resolves to "Yes" if a written diplomatic instrument between the United States and Iran that establishes a non-Iranian fund or substantive funding mechanism for Iranian reconstruction or economic development, or creates an obligation for non-Iranian actors to commit funding to such reconstruction or development, has been mutually signed or otherwise formally adopted by December 31, 2026, 11:59 PM ET. Otherwise, this market resolves to "No."
The instrument must either directly establish a fund or substantive funding mechanism the purpose of which is to hold or collect, and distribute funds used in the reconstruction or economic development of Iran, or establish a binding obligation for actors not under the control of Iran to commit funding to the reconstruction or economic development of Iran. A substantive funding mechanism refers to a specifically defined structure or revenue source that channels non-Iranian funds toward Iranian reconstruction, such as the establishment of a Strait of Hormuz transit toll with proceeds designated for that purpose. Commitments to establish a plan for funding Iranian reconstruction, or to seek funds, which do not create a fund or substantive funding mechanism or establish a funding obligation for a non-Iranian actor, do not qualify. The release of Iranian frozen assets, or the withdrawal of economic sanctions on Iran will not qualify.
The funding must come, in whole or in part, from sources other than Iran; a mechanism or obligation funded solely by Iran, or solely by released Iranian assets, does not qualify. The funding need not come from the United States; funding from third-party entities, established as part of the instrument, will qualify.
The establishment of a non-Iranian fund or substantive funding mechanism for, or an obligation for non-Iranian actors to commit funding to, Iranian reconstruction or economic development must be expressed as a presently-agreed obligation to be implemented. A presently-agreed obligation to establish such a fund or mechanism, or a presently-agreed obligation to commit funds, will qualify, even if technical or procedural details, including the implementation schedule or exact dollar amount, remain subject to future arrangements. A conditional commitment the substantive obligation of which remains explicitly subject to a future agreement, negotiation process, or mutually agreed follow-on instrument (e.g., a commitment to negotiate a fund in a future agreement) will not qualify. A commitment explicitly framed as a minimum requirement for a future negotiation, rather than a present obligation, will not qualify.
Unless the written instrument is formally adopted without signature as described below, the instrument must be signed by both the United States and Iran. Both parties must either sign the same document or sign individual documents that substantively and directly indicate acceptance of the same underlying instrument, regardless of minor formatting, wording, or translation differences between the signed versions. Both physical signatures and officially-issued electronic signatures will qualify as signatures.
If the written instrument is recognized by the United States and Iran as not requiring signature for execution, formal adoption of the instrument by both countries without signature will qualify. Formal adoption may be established by official actions, including:
(i) an official joint statement announcing that the United States and Iran have adopted, approved, executed, concluded, or otherwise finalized the instrument;
(ii) mutual official confirmation that the same published instrument has been agreed to, adopted, approved, executed, or concluded by both countries;
(iii) adoption, approval, or endorsement through an official resolution, ministerial decision, executive decision, or equivalent institutional act, where that act is the mechanism by which the relevant country adopts the instrument; or
(iv) an exchange of official diplomatic notes or letters confirming acceptance of the same instrument.
Whether an instrument qualifies will be primarily determined by its officially released text. A qualifying instrument must be signed or formally adopted by both the United States and Iran by the specified date, 11:59 PM ET. If an instrument is signed or formally adopted by that time, but the complete text has not been released, and genuine material ambiguity remains as to whether it satisfies this market’s requirements, this market may remain open for up to 28 calendar days after the specified date pending release of the text. If the text has still not been released after 28 calendar days, official and definitive announcements from the United States or Iran, and a consensus of credible reporting, will be used to determine whether the instrument qualifies.
An instrument to which parties other than the United States and Iran are also party will qualify, provided that both the United States and Iran are parties to the instrument and all other requirements are satisfied.
Once a diplomatic instrument has been signed or formally adopted without signature by both the United States and Iran and confirmed to satisfy the requirements of a qualifying written diplomatic instrument, this market’s condition is met, regardless of whether the instrument later enters into force, is ratified, receives legislative or treaty consent, or is subsequently repudiated, withdrawn from, or not implemented by the United States or Iran.
The primary resolution sources for this market will be official communications from the governments of the United States and Iran, or their authorized representatives. A consensus of credible reporting from major news agencies of record may also be used.
The instrument must either directly establish a fund or substantive funding mechanism the purpose of which is to hold or collect, and distribute funds used in the reconstruction or economic development of Iran, or establish a binding obligation for actors not under the control of Iran to commit funding to the reconstruction or economic development of Iran. A substantive funding mechanism refers to a specifically defined structure or revenue source that channels non-Iranian funds toward Iranian reconstruction, such as the establishment of a Strait of Hormuz transit toll with proceeds designated for that purpose. Commitments to establish a plan for funding Iranian reconstruction, or to seek funds, which do not create a fund or substantive funding mechanism or establish a funding obligation for a non-Iranian actor, do not qualify. The release of Iranian frozen assets, or the withdrawal of economic sanctions on Iran will not qualify.
The funding must come, in whole or in part, from sources other than Iran; a mechanism or obligation funded solely by Iran, or solely by released Iranian assets, does not qualify. The funding need not come from the United States; funding from third-party entities, established as part of the instrument, will qualify.
The establishment of a non-Iranian fund or substantive funding mechanism for, or an obligation for non-Iranian actors to commit funding to, Iranian reconstruction or economic development must be expressed as a presently-agreed obligation to be implemented. A presently-agreed obligation to establish such a fund or mechanism, or a presently-agreed obligation to commit funds, will qualify, even if technical or procedural details, including the implementation schedule or exact dollar amount, remain subject to future arrangements. A conditional commitment the substantive obligation of which remains explicitly subject to a future agreement, negotiation process, or mutually agreed follow-on instrument (e.g., a commitment to negotiate a fund in a future agreement) will not qualify. A commitment explicitly framed as a minimum requirement for a future negotiation, rather than a present obligation, will not qualify.
Unless the written instrument is formally adopted without signature as described below, the instrument must be signed by both the United States and Iran. Both parties must either sign the same document or sign individual documents that substantively and directly indicate acceptance of the same underlying instrument, regardless of minor formatting, wording, or translation differences between the signed versions. Both physical signatures and officially-issued electronic signatures will qualify as signatures.
If the written instrument is recognized by the United States and Iran as not requiring signature for execution, formal adoption of the instrument by both countries without signature will qualify. Formal adoption may be established by official actions, including:
(i) an official joint statement announcing that the United States and Iran have adopted, approved, executed, concluded, or otherwise finalized the instrument;
(ii) mutual official confirmation that the same published instrument has been agreed to, adopted, approved, executed, or concluded by both countries;
(iii) adoption, approval, or endorsement through an official resolution, ministerial decision, executive decision, or equivalent institutional act, where that act is the mechanism by which the relevant country adopts the instrument; or
(iv) an exchange of official diplomatic notes or letters confirming acceptance of the same instrument.
Whether an instrument qualifies will be primarily determined by its officially released text. A qualifying instrument must be signed or formally adopted by both the United States and Iran by the specified date, 11:59 PM ET. If an instrument is signed or formally adopted by that time, but the complete text has not been released, and genuine material ambiguity remains as to whether it satisfies this market’s requirements, this market may remain open for up to 28 calendar days after the specified date pending release of the text. If the text has still not been released after 28 calendar days, official and definitive announcements from the United States or Iran, and a consensus of credible reporting, will be used to determine whether the instrument qualifies.
An instrument to which parties other than the United States and Iran are also party will qualify, provided that both the United States and Iran are parties to the instrument and all other requirements are satisfied.
Once a diplomatic instrument has been signed or formally adopted without signature by both the United States and Iran and confirmed to satisfy the requirements of a qualifying written diplomatic instrument, this market’s condition is met, regardless of whether the instrument later enters into force, is ratified, receives legislative or treaty consent, or is subsequently repudiated, withdrawn from, or not implemented by the United States or Iran.
The primary resolution sources for this market will be official communications from the governments of the United States and Iran, or their authorized representatives. A consensus of credible reporting from major news agencies of record may also be used.
Market Opened: Jun 24, 2026, 11:18 AM ET
Volume
$562,173End Date
Dec 31, 2026Market Opened
Jun 24, 2026, 11:18 AM ETResolver
0x65070BE91...This market resolves to "Yes" if a written diplomatic instrument between the United States and Iran that establishes a non-Iranian fund or substantive funding mechanism for Iranian reconstruction or economic development, or creates an obligation for non-Iranian actors to commit funding to such reconstruction or development, has been mutually signed or otherwise formally adopted by December 31, 2026, 11:59 PM ET. Otherwise, this market resolves to "No."
The instrument must either directly establish a fund or substantive funding mechanism the purpose of which is to hold or collect, and distribute funds used in the reconstruction or economic development of Iran, or establish a binding obligation for actors not under the control of Iran to commit funding to the reconstruction or economic development of Iran. A substantive funding mechanism refers to a specifically defined structure or revenue source that channels non-Iranian funds toward Iranian reconstruction, such as the establishment of a Strait of Hormuz transit toll with proceeds designated for that purpose. Commitments to establish a plan for funding Iranian reconstruction, or to seek funds, which do not create a fund or substantive funding mechanism or establish a funding obligation for a non-Iranian actor, do not qualify. The release of Iranian frozen assets, or the withdrawal of economic sanctions on Iran will not qualify.
The funding must come, in whole or in part, from sources other than Iran; a mechanism or obligation funded solely by Iran, or solely by released Iranian assets, does not qualify. The funding need not come from the United States; funding from third-party entities, established as part of the instrument, will qualify.
The establishment of a non-Iranian fund or substantive funding mechanism for, or an obligation for non-Iranian actors to commit funding to, Iranian reconstruction or economic development must be expressed as a presently-agreed obligation to be implemented. A presently-agreed obligation to establish such a fund or mechanism, or a presently-agreed obligation to commit funds, will qualify, even if technical or procedural details, including the implementation schedule or exact dollar amount, remain subject to future arrangements. A conditional commitment the substantive obligation of which remains explicitly subject to a future agreement, negotiation process, or mutually agreed follow-on instrument (e.g., a commitment to negotiate a fund in a future agreement) will not qualify. A commitment explicitly framed as a minimum requirement for a future negotiation, rather than a present obligation, will not qualify.
Unless the written instrument is formally adopted without signature as described below, the instrument must be signed by both the United States and Iran. Both parties must either sign the same document or sign individual documents that substantively and directly indicate acceptance of the same underlying instrument, regardless of minor formatting, wording, or translation differences between the signed versions. Both physical signatures and officially-issued electronic signatures will qualify as signatures.
If the written instrument is recognized by the United States and Iran as not requiring signature for execution, formal adoption of the instrument by both countries without signature will qualify. Formal adoption may be established by official actions, including:
(i) an official joint statement announcing that the United States and Iran have adopted, approved, executed, concluded, or otherwise finalized the instrument;
(ii) mutual official confirmation that the same published instrument has been agreed to, adopted, approved, executed, or concluded by both countries;
(iii) adoption, approval, or endorsement through an official resolution, ministerial decision, executive decision, or equivalent institutional act, where that act is the mechanism by which the relevant country adopts the instrument; or
(iv) an exchange of official diplomatic notes or letters confirming acceptance of the same instrument.
Whether an instrument qualifies will be primarily determined by its officially released text. A qualifying instrument must be signed or formally adopted by both the United States and Iran by the specified date, 11:59 PM ET. If an instrument is signed or formally adopted by that time, but the complete text has not been released, and genuine material ambiguity remains as to whether it satisfies this market’s requirements, this market may remain open for up to 28 calendar days after the specified date pending release of the text. If the text has still not been released after 28 calendar days, official and definitive announcements from the United States or Iran, and a consensus of credible reporting, will be used to determine whether the instrument qualifies.
An instrument to which parties other than the United States and Iran are also party will qualify, provided that both the United States and Iran are parties to the instrument and all other requirements are satisfied.
Once a diplomatic instrument has been signed or formally adopted without signature by both the United States and Iran and confirmed to satisfy the requirements of a qualifying written diplomatic instrument, this market’s condition is met, regardless of whether the instrument later enters into force, is ratified, receives legislative or treaty consent, or is subsequently repudiated, withdrawn from, or not implemented by the United States or Iran.
The primary resolution sources for this market will be official communications from the governments of the United States and Iran, or their authorized representatives. A consensus of credible reporting from major news agencies of record may also be used.
This market resolves to “Yes” if a written diplomatic instrument between the United States and Iran that establishes a specific, percentage cap on the purity level to which Iran may enrich uranium, committed to for at least one year, has been mutually signed or otherwise formally adopted by December 31, 2026, 11:59 PM ET. Otherwise, this market resolves to “No.”
The instrument must specifically include a percentage cap that operates as a general ceiling on the level to which Iran may enrich uranium for any purpose. Vague, or non-specific language regarding the level of Iranian uranium enrichment which does not establish a specific percentage-cap ceiling on all Iranian enrichment (e.g., “lower levels”, “civilian grade”, “maintain the status quo”) will not qualify. Caps that directly mandate a specific percentage cap on enrichment through reference to a publicly-recognized benchmark percentage (e.g., JCPOA-levels), however, will qualify, even if they do not specifically reference the relevant numeric percentage itself. An Iranian commitment to end all enrichment of uranium qualifies as a cap, as it establishes a 0% cap on Iranian uranium enrichment.
A qualifying enrichment cap must be committed for a period of at least one year. A permanent enrichment cap will qualify. An enrichment cap with no specified end date will qualify unless explicitly framed as short-term, provisional, or temporary (e.g., a commitment not to enrich uranium while the exact implementation terms of the instrument are being finalized would not qualify). A cap committed to for less than one year will not qualify, even if framed as permitting extension.
The enrichment cap must be expressed as a presently-agreed obligation to be implemented. A presently-agreed obligation to such an enrichment cap will qualify, even if technical or procedural details, including the implementation schedule or specific monitoring requirements, remain subject to future arrangements. A conditional commitment the substantive obligation of which remains explicitly subject to a future agreement, negotiation process, or mutually agreed follow-on instrument (e.g., a commitment to agree upon an enrichment cap in a future agreement) will not qualify. A commitment explicitly framed as a minimum requirement for a future negotiation, rather than a present obligation, will not qualify.
Unless the written instrument is formally adopted without signature as described below, the instrument must be signed by both the United States and Iran. Both parties must either sign the same document or sign individual documents that substantively and directly indicate acceptance of the same underlying instrument, regardless of minor formatting, wording, or translation differences between the signed versions. Both physical signatures and officially-issued electronic signatures will qualify as signatures.
If the written instrument is recognized by the United States and Iran as not requiring signature for execution, formal adoption of the instrument by both countries without signature will qualify. Formal adoption may be established by official actions, including:
(i) an official joint statement announcing that the United States and Iran have adopted, approved, executed, concluded, or otherwise finalized the instrument;
(ii) mutual official confirmation that the same published instrument has been agreed to, adopted, approved, executed, or concluded by both countries;
(iii) adoption, approval, or endorsement through an official resolution, ministerial decision, executive decision, or equivalent institutional act, where that act is the mechanism by which the relevant country adopts the instrument; or
(iv) an exchange of official diplomatic notes or letters confirming acceptance of the same instrument.
Whether an instrument qualifies will be primarily determined by its officially released text. A qualifying instrument must be signed or formally adopted by both the United States and Iran by the specified date, 11:59 PM ET. If an instrument is signed or formally adopted by that time, but the complete text has not been released, and genuine material ambiguity remains as to whether it satisfies this market’s requirements, this market may remain open for up to 28 calendar days after the specified date pending release of the text. If the text has still not been released after 28 calendar days, official and definitive announcements from the United States or Iran, and a consensus of credible reporting, will be used to determine whether the instrument qualifies.
An instrument to which parties other than the United States and Iran are also party will qualify, provided that both the United States and Iran are parties to the instrument and all other requirements are satisfied.
Once a diplomatic instrument has been signed or formally adopted without signature by both the United States and Iran and confirmed to satisfy the requirements of a qualifying written diplomatic instrument, this market’s condition is met, regardless of whether the instrument later enters into force, is ratified, receives legislative or treaty consent, or is subsequently repudiated, withdrawn from, or not implemented by the United States or Iran.
The primary resolution sources for this market will be official communications from the governments of the United States and Iran, or their authorized representatives. A consensus of credible reporting from major news agencies of record may also be used.
This market resolves to “Yes” if a written diplomatic instrument between the United States and Iran that establishes a percentage cap of 5% or less on the purity level to which Iran may enrich uranium, committed to for at least one year, has been mutually signed or otherwise formally adopted by December 31, 2026, 11:59 PM ET. Otherwise, this market resolves to “No.”
The instrument must specifically include a 5% or lower percentage cap that operates as a general ceiling on the level to which Iran may enrich uranium for any purpose. Vague, or non-specific language regarding the level of Iranian uranium enrichment which does not establish a specific percentage cap on all Iranian enrichment (e.g., “lower levels”, “civilian grade”, “maintain the status quo”) will not qualify. Caps which directly mandate a precise 5% or lower percentage cap on Iranian enrichment through reference to a publicly-recognized benchmark percentage (e.g., JCPOA-levels), however, will qualify, even if they do not specifically reference the relevant numeric percentage itself. An Iranian commitment to end all enrichment of uranium qualifies as a cap, as it establishes a 0% cap on Iranian uranium enrichment.
A qualifying enrichment cap must be committed for a period of at least one year. A permanent enrichment cap will qualify. An enrichment cap with no specified end date will qualify unless explicitly framed as short-term, provisional, or temporary (e.g., a commitment not to enrich uranium while the exact implementation terms of the instrument are being finalized would not qualify). A cap committed to for less than one year will not qualify, even if framed as permitting extension.
The enrichment cap must be expressed as a presently-agreed obligation to be implemented. A presently-agreed obligation to such an enrichment cap will qualify, even if technical or procedural details, including the implementation schedule or specific monitoring requirements, remain subject to future arrangements. A conditional commitment the substantive obligation of which remains explicitly subject to a future agreement, negotiation process, or mutually agreed follow-on instrument (e.g., a commitment to agree upon an enrichment cap in a future agreement) will not qualify. A commitment explicitly framed as a minimum requirement for a future negotiation, rather than a present obligation, will not qualify.
Unless the written instrument is formally adopted without signature as described below, the instrument must be signed by both the United States and Iran. Both parties must either sign the same document or sign individual documents that substantively and directly indicate acceptance of the same underlying instrument, regardless of minor formatting, wording, or translation differences between the signed versions. Both physical signatures and officially-issued electronic signatures will qualify as signatures.
If the written instrument is recognized by the United States and Iran as not requiring signature for execution, formal adoption of the instrument by both countries without signature will qualify. Formal adoption may be established by official actions, including:
(i) an official joint statement announcing that the United States and Iran have adopted, approved, executed, concluded, or otherwise finalized the instrument;
(ii) mutual official confirmation that the same published instrument has been agreed to, adopted, approved, executed, or concluded by both countries;
(iii) adoption, approval, or endorsement through an official resolution, ministerial decision, executive decision, or equivalent institutional act, where that act is the mechanism by which the relevant country adopts the instrument; or
(iv) an exchange of official diplomatic notes or letters confirming acceptance of the same instrument.
Whether an instrument qualifies will be primarily determined by its officially released text. A qualifying instrument must be signed or formally adopted by both the United States and Iran by the specified date, 11:59 PM ET. If an instrument is signed or formally adopted by that time, but the complete text has not been released, and genuine material ambiguity remains as to whether it satisfies this market’s requirements, this market may remain open for up to 28 calendar days after the specified date pending release of the text. If the text has still not been released after 28 calendar days, official and definitive announcements from the United States or Iran, and a consensus of credible reporting, will be used to determine whether the instrument qualifies.
An instrument to which parties other than the United States and Iran are also party will qualify, provided that both the United States and Iran are parties to the instrument and all other requirements are satisfied.
Once a diplomatic instrument has been signed or formally adopted without signature by both the United States and Iran and confirmed to satisfy the requirements of a qualifying written diplomatic instrument, this market’s condition is met, regardless of whether the instrument later enters into force, is ratified, receives legislative or treaty consent, or is subsequently repudiated, withdrawn from, or not implemented by the United States or Iran.
The primary resolution sources for this market will be official communications from the governments of the United States and Iran, or their authorized representatives. A consensus of credible reporting from major news agencies of record may also be used.
This market resolves to “Yes” if a written diplomatic instrument between the United States and Iran that establishes a commitment for Iranian-controlled enriched uranium to be downblended or diluted has been mutually signed or otherwise formally adopted by December 31, 2026, 11:59 PM ET. Otherwise, this market resolves to “No.”
A qualifying written instrument must provide for any quantity of enriched uranium held by Iran to be downblended or diluted to a lower enrichment level. The establishment of an enrichment cap or an enrichment moratorium, without a commitment to downblend or dilute already enriched uranium, will not qualify.
The instrument must require the dilution to occur within Iran, or for the diluted material to be returned to Iranian control, having been dilated or downblended elsewhere. Iran need not carry out the downblending or dilution itself; a commitment for a third-party entity (e.g., the IAEA) to perform it will qualify. A commitment to remove enriched uranium from Iranian territory does not qualify, unless the terms of the instrument specifically require the uranium to be diluted and the resulting diluted material be returned to Iran’s possession or control.
The dilution or downblending of Iranian enriched uranium must be expressed as a presently-agreed obligation to be implemented. A presently-agreed obligation to dilute Iranian uranium will qualify, even if technical or procedural details, including the implementation schedule or exact dilution method, remain subject to future arrangements. A conditional commitment the substantive obligation of which remains explicitly subject to a future agreement, negotiation process, or mutually agreed follow-on instrument (e.g., a commitment to negotiate a dilution requirement in a future agreement) will not qualify. A commitment explicitly framed as a minimum requirement for a future negotiation, rather than a present obligation, will not qualify.
Unless the written instrument is formally adopted without signature as described below, the instrument must be signed by both the United States and Iran. Both parties must either sign the same document or sign individual documents that substantively and directly indicate acceptance of the same underlying instrument, regardless of minor formatting, wording, or translation differences between the signed versions. Both physical signatures and officially-issued electronic signatures will qualify as signatures.
If the written instrument is recognized by the United States and Iran as not requiring signature for execution, formal adoption of the instrument by both countries without signature will qualify. Formal adoption may be established by official actions, including:
(i) an official joint statement announcing that the United States and Iran have adopted, approved, executed, concluded, or otherwise finalized the instrument;
(ii) mutual official confirmation that the same published instrument has been agreed to, adopted, approved, executed, or concluded by both countries;
(iii) adoption, approval, or endorsement through an official resolution, ministerial decision, executive decision, or equivalent institutional act, where that act is the mechanism by which the relevant country adopts the instrument; or
(iv) an exchange of official diplomatic notes or letters confirming acceptance of the same instrument.
Whether an instrument qualifies will be primarily determined by its officially released text. A qualifying instrument must be signed or formally adopted by both the United States and Iran by the specified date, 11:59 PM ET. If an instrument is signed or formally adopted by that time, but the complete text has not been released, and genuine material ambiguity remains as to whether it satisfies this market’s requirements, this market may remain open for up to 28 calendar days after the specified date pending release of the text. If the text has still not been released after 28 calendar days, official and definitive announcements from the United States or Iran, and a consensus of credible reporting, will be used to determine whether the instrument qualifies.
An instrument to which parties other than the United States and Iran are also party will qualify, provided that both the United States and Iran are parties to the instrument and all other requirements are satisfied.
Once a diplomatic instrument has been signed or formally adopted without signature by both the United States and Iran and confirmed to satisfy the requirements of a qualifying written diplomatic instrument, this market’s condition is met, regardless of whether the instrument later enters into force, is ratified, receives legislative or treaty consent, or is subsequently repudiated, withdrawn from, or not implemented by the United States or Iran.
The primary resolution sources for this market will be official communications from the governments of the United States and Iran, or their authorized representatives. A consensus of credible reporting from major news agencies of record may also be used.
This market resolves to “Yes” if a written diplomatic instrument between the United States and Iran that creates a moratorium on all enrichment of uranium for Iran for a period of at least one year has been mutually signed or otherwise formally adopted by December 31, 2026, 11:59 PM ET. Otherwise, this market resolves to “No.”
The moratorium must be for a period of at least one year. A commitment to end enrichment permanently will qualify. A moratorium with no specified end date will qualify unless explicitly framed as short-term, provisional, or temporary (e.g., a commitment not to enrich uranium while the exact implementation details of the instrument are being finalized would not qualify). A moratorium committed to for less than one year will not qualify, even if framed as permitting extension.
The commitment must specifically communicate the suspension or end of all Iranian enrichment of uranium for any purpose. Commitments which do not explicitly reference such a moratorium (e.g., a commitment to “maintain the status quo”), will not qualify. Restrictions on the purity or level to which Iran may enrich uranium, or commitments only to dilute, down-blend, surrender, or eliminate Iran’s uranium stockpile, will not qualify.
The commitment must be expressed as a presently-agreed obligation to be implemented. A presently-agreed obligation to implement such a moratorium will qualify, even if technical or procedural details, including the exact implementation schedule, remain subject to future arrangements (e.g., an unconditional commitment to a qualifying moratorium to be implemented in sequence with already-agreed-upon reciprocal commitments from the United States would qualify). A conditional commitment the substantive obligation of which remains explicitly subject to a future agreement, negotiation process, or mutually agreed follow-on instrument (e.g., a commitment to agree upon a moratorium in a future agreement) will not qualify. A commitment explicitly framed as a minimum requirement for a future negotiation, rather than a present obligation, will not qualify
Unless the written instrument is formally adopted without signature as described below, the instrument must be signed by both the United States and Iran. Both parties must either sign the same document or sign individual documents that substantively and directly indicate acceptance of the same underlying instrument, regardless of minor formatting, wording, or translation differences between the signed versions. Both physical signatures and officially-issued electronic signatures will qualify as signatures.
If the written instrument is recognized by the United States and Iran as not requiring signature for execution, formal adoption of the instrument by both countries without signature will qualify. Formal adoption may be established by official actions, including:
(i) an official joint statement announcing that the United States and Iran have adopted, approved, executed, concluded, or otherwise finalized the instrument;
(ii) mutual official confirmation that the same published instrument has been agreed to, adopted, approved, executed, or concluded by both countries;
(iii) adoption, approval, or endorsement through an official resolution, ministerial decision, executive decision, or equivalent institutional act, where that act is the mechanism by which the relevant country adopts the instrument; or
(iv) an exchange of official diplomatic notes or letters confirming acceptance of the same instrument.
Whether an instrument qualifies will be primarily determined by its officially released text. A qualifying instrument must be signed or formally adopted by both the United States and Iran by the specified date, 11:59 PM ET. If an instrument is signed or formally adopted by that time, but the complete text has not been released, and genuine material ambiguity remains as to whether it satisfies this market’s requirements, this market may remain open for up to 28 calendar days after the specified date pending release of the text. If the text has still not been released after 28 calendar days, official and definitive announcements from the United States or Iran, and a consensus of credible reporting, will be used to determine whether the instrument qualifies.
An instrument to which parties other than the United States and Iran are also party will qualify, provided that both the United States and Iran are parties to the instrument and all other requirements are satisfied.
Once a diplomatic instrument has been signed or formally adopted without signature by both the United States and Iran and confirmed to satisfy the requirements of a qualifying written diplomatic instrument, this market’s condition is met, regardless of whether the instrument later enters into force, is ratified, receives legislative or treaty consent, or is subsequently repudiated, withdrawn from, or not implemented by the United States or Iran.
The primary resolution sources for this market will be official communications from the governments of the United States and Iran, or their authorized representatives. A consensus of credible reporting from major news agencies of record may also be used.
This market resolves to “Yes” if a written diplomatic instrument between the United States and Iran that commits Iran to surrender any quantity of enriched uranium has been mutually signed or otherwise formally adopted by December 31, 2026, 11:59 PM ET. Otherwise, this market resolves to “No.”
A qualifying written instrument must explicitly commit Iran to the transfer of a portion or all of its enriched uranium stockpile outside of Iranian territory and into the custody of an entity other than Iran. Sales, or other arrangements in which Iran is compensated for such a transfer, will qualify.
The commitment must be expressed as a presently-agreed obligation to be implemented. A present and definite commitment to a qualifying transfer of enriched uranium will qualify even if the related technical or procedural details (e.g., the recipient or custodian, the transportation arrangements, or the implementation schedule) have not been finalized. A conditional commitment, the substantive obligation of which remains explicitly subject to a future agreement, negotiation process, or mutually agreed follow-on instrument (e.g., a commitment to negotiate a transfer in a future agreement) will not qualify. A commitment explicitly framed as a minimum requirement for a future negotiation, rather than a present obligation, will not qualify.
Unless the written instrument is formally adopted without signature as described below, the instrument must be signed by both the United States and Iran. Both parties must either sign the same document or sign individual documents that substantively and directly indicate acceptance of the same underlying instrument, regardless of minor formatting, wording, or translation differences between the signed versions. Both physical signatures and officially-issued electronic signatures will qualify as signatures.
If the written instrument is recognized by the United States and Iran as not requiring signature for execution, formal adoption of the instrument by both countries without signature will qualify. Formal adoption may be established by official actions, including:
(i) an official joint statement announcing that the United States and Iran have adopted, approved, executed, concluded, or otherwise finalized the instrument;
(ii) mutual official confirmation that the same published instrument has been agreed to, adopted, approved, executed, or concluded by both countries;
(iii) adoption, approval, or endorsement through an official resolution, ministerial decision, executive decision, or equivalent institutional act, where that act is the mechanism by which the relevant country adopts the instrument; or
(iv) an exchange of official diplomatic notes or letters confirming acceptance of the same instrument.
Whether an instrument qualifies will be primarily determined by its officially released text. A qualifying instrument must be signed or formally adopted by both the United States and Iran by the specified date, 11:59 PM ET. If an instrument is signed or formally adopted by that time, but the complete text has not been released, and genuine material ambiguity remains as to whether it satisfies this market’s requirements, this market may remain open for up to 28 calendar days after the specified date pending release of the text. If the text has still not been released after 28 calendar days, official and definitive announcements from the United States or Iran, and a consensus of credible reporting, will be used to determine whether the instrument qualifies.
An instrument to which parties other than the United States and Iran are also party will qualify, provided that both the United States and Iran are parties to the instrument and all other requirements are satisfied.
Once a diplomatic instrument has been signed or formally adopted without signature by both the United States and Iran and confirmed to satisfy the requirements of a qualifying written diplomatic instrument, this market’s condition is met, regardless of whether the instrument later enters into force, is ratified, receives legislative or treaty consent, or is subsequently repudiated, withdrawn from, or not implemented by the United States or Iran.
The primary resolution sources for this market will be official communications from the governments of the United States and Iran, or their authorized representatives. A consensus of credible reporting from major news agencies of record may also be used. Negotiations between the United States and Iran center on a potential 2026 final agreement following the June Islamabad Memorandum of Understanding, which established a 60-day window for talks on nuclear limits, sanctions relief, and related issues after earlier ceasefires and technical discussions in Switzerland. Recent developments include stalled progress amid disputes over Iran's highly enriched uranium stockpile, IAEA inspection access, uranium enrichment levels for nonmilitary use, and control of shipping through the Strait of Hormuz, with Oman-mediated efforts toward an interim reopening deal ongoing into August. Trader sentiment reflects uncertainty around these core elements, including possible economic reconstruction commitments and de-escalation measures tied to proxy conflicts, as further rounds of diplomacy could alter the scope of any finalized terms before year-end.
This market resolves to "Yes" if a written diplomatic instrument between the United States and Iran that establishes a non-Iranian fund or substantive funding mechanism for Iranian reconstruction or economic development, or creates an obligation for non-Iranian actors to commit funding to such reconstruction or development, has been mutually signed or otherwise formally adopted by December 31, 2026, 11:59 PM ET. Otherwise, this market resolves to "No."
The instrument must either directly establish a fund or substantive funding mechanism the purpose of which is to hold or collect, and distribute funds used in the reconstruction or economic development of Iran, or establish a binding obligation for actors not under the control of Iran to commit funding to the reconstruction or economic development of Iran. A substantive funding mechanism refers to a specifically defined structure or revenue source that channels non-Iranian funds toward Iranian reconstruction, such as the establishment of a Strait of Hormuz transit toll with proceeds designated for that purpose. Commitments to establish a plan for funding Iranian reconstruction, or to seek funds, which do not create a fund or substantive funding mechanism or establish a funding obligation for a non-Iranian actor, do not qualify. The release of Iranian frozen assets, or the withdrawal of economic sanctions on Iran will not qualify.
The funding must come, in whole or in part, from sources other than Iran; a mechanism or obligation funded solely by Iran, or solely by released Iranian assets, does not qualify. The funding need not come from the United States; funding from third-party entities, established as part of the instrument, will qualify.
The establishment of a non-Iranian fund or substantive funding mechanism for, or an obligation for non-Iranian actors to commit funding to, Iranian reconstruction or economic development must be expressed as a presently-agreed obligation to be implemented. A presently-agreed obligation to establish such a fund or mechanism, or a presently-agreed obligation to commit funds, will qualify, even if technical or procedural details, including the implementation schedule or exact dollar amount, remain subject to future arrangements. A conditional commitment the substantive obligation of which remains explicitly subject to a future agreement, negotiation process, or mutually agreed follow-on instrument (e.g., a commitment to negotiate a fund in a future agreement) will not qualify. A commitment explicitly framed as a minimum requirement for a future negotiation, rather than a present obligation, will not qualify.
Unless the written instrument is formally adopted without signature as described below, the instrument must be signed by both the United States and Iran. Both parties must either sign the same document or sign individual documents that substantively and directly indicate acceptance of the same underlying instrument, regardless of minor formatting, wording, or translation differences between the signed versions. Both physical signatures and officially-issued electronic signatures will qualify as signatures.
If the written instrument is recognized by the United States and Iran as not requiring signature for execution, formal adoption of the instrument by both countries without signature will qualify. Formal adoption may be established by official actions, including:
(i) an official joint statement announcing that the United States and Iran have adopted, approved, executed, concluded, or otherwise finalized the instrument;
(ii) mutual official confirmation that the same published instrument has been agreed to, adopted, approved, executed, or concluded by both countries;
(iii) adoption, approval, or endorsement through an official resolution, ministerial decision, executive decision, or equivalent institutional act, where that act is the mechanism by which the relevant country adopts the instrument; or
(iv) an exchange of official diplomatic notes or letters confirming acceptance of the same instrument.
Whether an instrument qualifies will be primarily determined by its officially released text. A qualifying instrument must be signed or formally adopted by both the United States and Iran by the specified date, 11:59 PM ET. If an instrument is signed or formally adopted by that time, but the complete text has not been released, and genuine material ambiguity remains as to whether it satisfies this market’s requirements, this market may remain open for up to 28 calendar days after the specified date pending release of the text. If the text has still not been released after 28 calendar days, official and definitive announcements from the United States or Iran, and a consensus of credible reporting, will be used to determine whether the instrument qualifies.
An instrument to which parties other than the United States and Iran are also party will qualify, provided that both the United States and Iran are parties to the instrument and all other requirements are satisfied.
Once a diplomatic instrument has been signed or formally adopted without signature by both the United States and Iran and confirmed to satisfy the requirements of a qualifying written diplomatic instrument, this market’s condition is met, regardless of whether the instrument later enters into force, is ratified, receives legislative or treaty consent, or is subsequently repudiated, withdrawn from, or not implemented by the United States or Iran.
The primary resolution sources for this market will be official communications from the governments of the United States and Iran, or their authorized representatives. A consensus of credible reporting from major news agencies of record may also be used.
The instrument must either directly establish a fund or substantive funding mechanism the purpose of which is to hold or collect, and distribute funds used in the reconstruction or economic development of Iran, or establish a binding obligation for actors not under the control of Iran to commit funding to the reconstruction or economic development of Iran. A substantive funding mechanism refers to a specifically defined structure or revenue source that channels non-Iranian funds toward Iranian reconstruction, such as the establishment of a Strait of Hormuz transit toll with proceeds designated for that purpose. Commitments to establish a plan for funding Iranian reconstruction, or to seek funds, which do not create a fund or substantive funding mechanism or establish a funding obligation for a non-Iranian actor, do not qualify. The release of Iranian frozen assets, or the withdrawal of economic sanctions on Iran will not qualify.
The funding must come, in whole or in part, from sources other than Iran; a mechanism or obligation funded solely by Iran, or solely by released Iranian assets, does not qualify. The funding need not come from the United States; funding from third-party entities, established as part of the instrument, will qualify.
The establishment of a non-Iranian fund or substantive funding mechanism for, or an obligation for non-Iranian actors to commit funding to, Iranian reconstruction or economic development must be expressed as a presently-agreed obligation to be implemented. A presently-agreed obligation to establish such a fund or mechanism, or a presently-agreed obligation to commit funds, will qualify, even if technical or procedural details, including the implementation schedule or exact dollar amount, remain subject to future arrangements. A conditional commitment the substantive obligation of which remains explicitly subject to a future agreement, negotiation process, or mutually agreed follow-on instrument (e.g., a commitment to negotiate a fund in a future agreement) will not qualify. A commitment explicitly framed as a minimum requirement for a future negotiation, rather than a present obligation, will not qualify.
Unless the written instrument is formally adopted without signature as described below, the instrument must be signed by both the United States and Iran. Both parties must either sign the same document or sign individual documents that substantively and directly indicate acceptance of the same underlying instrument, regardless of minor formatting, wording, or translation differences between the signed versions. Both physical signatures and officially-issued electronic signatures will qualify as signatures.
If the written instrument is recognized by the United States and Iran as not requiring signature for execution, formal adoption of the instrument by both countries without signature will qualify. Formal adoption may be established by official actions, including:
(i) an official joint statement announcing that the United States and Iran have adopted, approved, executed, concluded, or otherwise finalized the instrument;
(ii) mutual official confirmation that the same published instrument has been agreed to, adopted, approved, executed, or concluded by both countries;
(iii) adoption, approval, or endorsement through an official resolution, ministerial decision, executive decision, or equivalent institutional act, where that act is the mechanism by which the relevant country adopts the instrument; or
(iv) an exchange of official diplomatic notes or letters confirming acceptance of the same instrument.
Whether an instrument qualifies will be primarily determined by its officially released text. A qualifying instrument must be signed or formally adopted by both the United States and Iran by the specified date, 11:59 PM ET. If an instrument is signed or formally adopted by that time, but the complete text has not been released, and genuine material ambiguity remains as to whether it satisfies this market’s requirements, this market may remain open for up to 28 calendar days after the specified date pending release of the text. If the text has still not been released after 28 calendar days, official and definitive announcements from the United States or Iran, and a consensus of credible reporting, will be used to determine whether the instrument qualifies.
An instrument to which parties other than the United States and Iran are also party will qualify, provided that both the United States and Iran are parties to the instrument and all other requirements are satisfied.
Once a diplomatic instrument has been signed or formally adopted without signature by both the United States and Iran and confirmed to satisfy the requirements of a qualifying written diplomatic instrument, this market’s condition is met, regardless of whether the instrument later enters into force, is ratified, receives legislative or treaty consent, or is subsequently repudiated, withdrawn from, or not implemented by the United States or Iran.
The primary resolution sources for this market will be official communications from the governments of the United States and Iran, or their authorized representatives. A consensus of credible reporting from major news agencies of record may also be used.
Volume
$562,173End Date
Dec 31, 2026Market Opened
Jun 24, 2026, 11:18 AM ETResolver
0x65070BE91...Negotiations between the United States and Iran center on a potential 2026 final agreement following the June Islamabad Memorandum of Understanding, which established a 60-day window for talks on nuclear limits, sanctions relief, and related issues after earlier ceasefires and technical discussions in Switzerland. Recent developments include stalled progress amid disputes over Iran's highly enriched uranium stockpile, IAEA inspection access, uranium enrichment levels for nonmilitary use, and control of shipping through the Strait of Hormuz, with Oman-mediated efforts toward an interim reopening deal ongoing into August. Trader sentiment reflects uncertainty around these core elements, including possible economic reconstruction commitments and de-escalation measures tied to proxy conflicts, as further rounds of diplomacy could alter the scope of any finalized terms before year-end.
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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