US-Iran military tensions since February 2026, centered on the Strait of Hormuz and Iranian oil infrastructure, continue to shape trader assessments of any near-term shift in control over Kharg Island. The United States has conducted multiple strikes on Iranian military targets there, including a March raid on over 90 sites and September actions against IRGC-linked tankers near the island, while deliberately avoiding oil facilities. Iran has reinforced defenses, conducted controlled ordnance clearances, and maintained operational continuity despite a US naval blockade that has idled loadings at times. No occupation or handover of primary governmental or military authority has occurred, consistent with historical patterns where seizure risks escalation, economic disruption, and logistical challenges. Diplomatic signals from third parties and Iran's repeated warnings of firm responses further anchor the low implied probability of control changing by late 2026.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedSatellite imagery confirms continued Iranian control and operation of Kharg Island oil terminals
July 31 dips to 0%1%
Satellite images showed tanker congestion and ongoing oil loading activities at Kharg Island, indicating Iran maintained operational control of the island's critical oil export facilities through the end of July 2026.
No Official Change in Control of Kharg Island by Resolution Date
July 31 dips to 0%2%
Despite ongoing military threats and strikes, no credible reports or official statements confirmed that Iran lost control of Kharg Island by the resolution date, leading to the market resolving toward 'No' for control change.




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