Iran and Oman have advanced a framework for a temporary joint navigation corridor and mine clearance in the Strait of Hormuz, with recent joint statements and technical talks confirming progress on routes, traffic management, and future administration under the Islamabad memorandum. However, Iranian officials including Parliament Speaker Mohammad Bagher Ghalibaf and President Masoud Pezeshkian have repeatedly conditioned any full reopening or lifting of the US naval blockade on Washington first meeting seven demands, including sanctions relief, asset releases, and an end to hostilities. As of November 11–12, 2026, Tehran states the strait will never revert to pre-war status and awaits a US response via Qatar, keeping restrictions in place despite the Oman understanding. This sequencing sustains trader consensus that the blockade persists until after the bilateral arrangements.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedView resolved

Beware of external links.
Beware of external links.
Frequently Asked Questions