Recent diplomatic talks between Iran and Oman have advanced rapidly toward a bilateral arrangement for managing vessel traffic in the Strait of Hormuz, with Iranian officials stating in early August 2026 that the general framework is finalized and a joint statement under review. Negotiators have aligned on geographic coordinates for new shipping lanes—inbound closer to Iran and outbound nearer Oman—along with demining provisions, though final approval at Iran’s highest decision-making levels remains pending amid reported internal divisions involving the Islamic Revolutionary Guard Corps. The proposed interim deal, potentially lasting 60 days, ties into broader efforts to ease restrictions on the waterway amid the ongoing regional conflict, with unresolved elements including service fees, passage restrictions on certain vessels, and coordination with Gulf states and U.S. interests. Upcoming announcements on implementation details and any linkage to sanctions or cease-fire talks could shift trader assessments of near-term resolution.
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...?
$72,532 Vol.
August 15
76%
August 31
86%
$72,532 Vol.
August 15
76%
August 31
86%
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 4, 2026, 6:46 PM ET
Resolver
0x65070BE91...A diplomatic agreement refers to an official agreement, treaty, deal, or substantially similar diplomatic instrument that establishes agreed actions, policies, obligations, or commitments between 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...Recent diplomatic talks between Iran and Oman have advanced rapidly toward a bilateral arrangement for managing vessel traffic in the Strait of Hormuz, with Iranian officials stating in early August 2026 that the general framework is finalized and a joint statement under review. Negotiators have aligned on geographic coordinates for new shipping lanes—inbound closer to Iran and outbound nearer Oman—along with demining provisions, though final approval at Iran’s highest decision-making levels remains pending amid reported internal divisions involving the Islamic Revolutionary Guard Corps. The proposed interim deal, potentially lasting 60 days, ties into broader efforts to ease restrictions on the waterway amid the ongoing regional conflict, with unresolved elements including service fees, passage restrictions on certain vessels, and coordination with Gulf states and U.S. interests. Upcoming announcements on implementation details and any linkage to sanctions or cease-fire talks could shift trader assessments of near-term resolution.
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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