Iran and Oman have advanced bilateral talks on coordinating shipping routes and joint oversight of the Strait of Hormuz, with Iranian officials stating in early August 2026 that a draft agreement on coordinates and navigation arrangements reached the final stages after three months of technical negotiations tied to a June memorandum of understanding. Recent statements from Iran's Foreign Ministry emphasize that any framework would affirm the two coastal states' sovereign control over their territorial waters and navigation, without direct U.S. involvement or an immediate full reopening of commercial traffic. Developments remain linked to broader regional conditions, including U.S. naval posture, sanctions relief, and compliance with prior cease-fire terms, while reports note internal Iranian debates over additional demands such as tolls or vessel restrictions. As of mid-August, negotiators continue refining a joint statement, with market participants monitoring official announcements from Tehran and Muscat for signs of formal adoption or delays.
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...?
$543,848 Vol.

August 15
<1%

August 22
16%

August 31
32%

September 30
60%
$543,848 Vol.

August 15
<1%

August 22
16%

August 31
32%

September 30
60%
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...Iran and Oman have advanced bilateral talks on coordinating shipping routes and joint oversight of the Strait of Hormuz, with Iranian officials stating in early August 2026 that a draft agreement on coordinates and navigation arrangements reached the final stages after three months of technical negotiations tied to a June memorandum of understanding. Recent statements from Iran's Foreign Ministry emphasize that any framework would affirm the two coastal states' sovereign control over their territorial waters and navigation, without direct U.S. involvement or an immediate full reopening of commercial traffic. Developments remain linked to broader regional conditions, including U.S. naval posture, sanctions relief, and compliance with prior cease-fire terms, while reports note internal Iranian debates over additional demands such as tolls or vessel restrictions. As of mid-August, negotiators continue refining a joint statement, with market participants monitoring official announcements from Tehran and Muscat for signs of formal adoption or delays.
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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