US President Donald Trump has repeatedly stated in recent days that American forces will seize Kharg Island, Iran's primary oil export terminal handling nearly all of its crude shipments, to gain leverage in the ongoing conflict that began in late February 2026 and to pressure Tehran over the Strait of Hormuz. Earlier US airstrikes in March and April targeted Iranian military sites on the island while deliberately avoiding oil infrastructure. Iran has reinforced air defenses and personnel there amid speculation of potential ground operations involving US Marines and airborne units, though analysts highlight risks to global oil markets and Iranian retaliation options. No change in territorial control has occurred, leaving trader assessments focused on diplomatic timelines, force deployments, and escalation thresholds through the summer.
Polymarket 데이터를 참조하는 실험적 AI 생성 요약입니다. 이것은 거래 조언이 아니며 이 마켓의 정산에 영향을 미치지 않습니다. · 업데이트U.S. Treasury Authorizes Iranian Oil Sales Through August
July 31 dips to 2%1%
Following the June 17 MOU, the U.S. Treasury Department formally authorized the production, delivery, and sale of Iranian oil for 60 days. This concrete policy step confirmed the easing of military and economic pressure, cementing Iranian operational control over its primary oil hub at Kharg Island.
Satellite imagery confirms intense Iranian oil tanker activity at Kharg Island
Satellite imagery and maritime tracking on June 21, 2026, showed intense Iranian oil tanker activity at Kharg Island, with multiple tankers docked and others preparing to transit through the Strait of Hormuz. This confirmed Iran's maintained control and active use of the island's oil export facilities, further reducing the likelihood of a change in control by the resolution date.
Satellite imagery shows intense Iranian tanker activity at Kharg Island
On June 21, satellite and maritime tracking data showed intense activity by Iranian oil tankers at Kharg Island, with multiple vessels loading crude and preparing to transit through the Strait of Hormuz. This confirmed ongoing Iranian operational control of the island's oil export facilities.
Iran resumes crude oil loading at Kharg Island after US blockade lifted
June 30 drops to 0%5%
On June 20, 2026, Iran resumed loading crude oil at Kharg Island following the lifting of a US naval blockade. Satellite and ship tracking data confirmed multiple large crude carriers docked at the island, demonstrating Iran's continued operational control and ability to export oil, which diminished market expectations of a loss of control by the resolution date.
Satellite imagery shows resumed Iranian oil tanker activity at Kharg Island
Satellite and maritime tracking data on June 20 showed intense Iranian oil tanker activity at Kharg Island, indicating Iran maintained control over the island and its oil export operations, contradicting any claims of loss of control.
Iran resumes oil loading at Kharg Island after US blockade lifted
June 30 dips to 0%3%
On June 20, 2026, Iran resumed loading crude oil at Kharg Island following the lifting of a US naval blockade. Satellite images showed multiple very large crude carriers docked at the terminal, confirming Iran's continued operational control and ability to export oil. This development further diminished the market's expectation of a loss of Iranian control by the resolution date.
Iran resumes oil loading at Kharg Island after US blockade lifted
August 31 dips to 4%2%
On June 20, satellite imagery and shipping data confirmed that Iran resumed crude oil loading operations at Kharg Island following the lifting of a US Navy blockade. This demonstrated Iran's continued control over the island and its oil export terminal, undermining market speculation of a change in control.
US and Iran sign memorandum of understanding extending ceasefire and reopening Strait of Hormuz
The US and Iran signed a 14-point memorandum of understanding to extend the ceasefire for 60 days, lift the US naval blockade, and reopen the Strait of Hormuz, signaling a diplomatic breakthrough and reducing the likelihood of a US takeover of Kharg Island.
U.S. and Iran Sign Memorandum of Understanding for 60-Day Truce
August 31 dips to 4%2%
The United States and Iran signed a memorandum of understanding establishing a 60-day truce, which included reopening the Strait of Hormuz and allowing IAEA inspectors back into Iran. This formal diplomatic agreement effectively shelved any immediate plans for a U.S. military seizure of Kharg Island.
Memorandum of understanding signed to end Iran conflict and reopen Strait of Hormuz
August 31 dips to 4%1%
On June 14, mediators announced a memorandum of understanding signed by the U.S. and Iran presidents on June 17, aiming to end hostilities and reopen the Strait of Hormuz. This agreement implied no change in control of Kharg Island but reduced conflict risks, further lowering market probabilities.
US and Iran Reach Agreement to End War and Reopen Strait of Hormuz
July 31 dips to 2%4%
President Trump announced a completed ceasefire agreement with Iran on June 14, which included the reopening of the Strait of Hormuz and the removal of the U.S. naval blockade, permanently shelving any plans to seize Kharg Island.
Reports confirm Iran's increased fortifications on Kharg Island
June 30 dips to 3%1%
Iran has reinforced Kharg Island with additional personnel, air defense systems, and mines, making any attempt to seize the island more difficult and risky for US forces. This further reduced market confidence in a change of control by the resolution dates.
Trump Confirms Kharg Island Seizure Abandoned If Iran Peace Agreement Signed
August 31 dips to 9%3%
Trump and military analysts confirmed that any plans to seize Kharg Island would be permanently shelved if the pending peace agreement is finalized, driving down the odds of a change in control across all contract horizons.
Trump Expresses Doubt Over American Appetite for Ground Occupation of Kharg Island
August 31 dips to 9%3%
In a phone call with Fox News, Trump softened his stance on seizing the island, admitting he was unsure if the American public had the stomach for a risky ground occupation, further depressing the 'Yes' odds.
US continues strikes but no ground operation on Kharg Island
Despite ongoing US airstrikes targeting Iranian military sites on Kharg Island, no ground invasion or occupation occurred. Iran maintained control, reinforced defenses, and the market reflected low probabilities for loss of control by resolution date.
Military experts warn of high risks and troop requirements to seize Kharg Island
August 31 dips to 8%4%
Reports and interviews with former military leaders highlighted that seizing the heavily fortified island would require at least 1,200 troops and carry immense risks, further dampening expectations of a U.S. invasion.
Military experts highlight high risks and troop requirements to capture Kharg Island
August 31 dips to 9%3%
Reports and military experts detailed that seizing Kharg Island would require at least 1,200 troops and put many American lives at risk, reinforcing market expectations that a ground invasion was highly unlikely.
Military Experts Warn Seizing Kharg Island Would Require Over 1,200 Troops
August 31 dips to 9%3%
Military analysts and former commanders highlighted the extreme casualty risks and logistical difficulties of invading the heavily fortified island, reinforcing that a U.S. takeover was highly unlikely.
U.S. Threats to Seize Kharg Island Continue Amid Stalled Peace Talks
June 30 drops to 4%5%
On June 12, 2026, despite ceasefire talks, President Trump reiterated threats to seize Kharg Island and intensify military pressure on Iran. These statements maintained market uncertainty but no actual control change occurred, keeping probabilities low.
Trump intensifies rhetoric but acknowledges risks of seizing Kharg Island
July 31 dips to 7%2%
Following his threat, Trump acknowledged the military difficulties of capturing Kharg Island, which is heavily fortified and close to the Iranian mainland, limiting the likelihood of a successful seizure. This tempered market optimism, contributing to price declines.
Military Experts Warn Seizing Kharg Island Poses Extreme Risks to U.S. Troops
July 31 drops to 2%5%
Former military leaders and analysts publicly detailed the high operational risks and potential for a prolonged war if the U.S. attempted to occupy Kharg Island, further dampening market expectations of an invasion.
Experts warn seizure of Kharg Island would be risky and unlikely soon
June 30 drops to 0%8%
Military experts and former commanders highlighted the high risks and logistical challenges of seizing Kharg Island, emphasizing that such an operation would likely escalate the war and is not imminent. This reinforced market skepticism about a change in control by the resolution date.
Trump Cancels Strikes and Claims Preliminary Peace Settlement Reached with Iran
August 31 drops to 7%5%
Just hours after threatening an invasion, President Trump reversed course, claiming he canceled the planned strikes on Kharg Island because a peace settlement had been approved by all parties.
Trump expresses doubts about U.S. appetite for seizing Kharg Island
June 30 drops to 32%12%
Later on June 11, 2026, during a Fox News interview, Trump expressed uncertainty about whether America has the stomach for a ground invasion of Kharg Island, tempering earlier threats and contributing to market volatility and price declines.
Trump cancels planned strikes on Kharg Island and touts progress on peace deal
July 31 drops to 2%6%
Later on June 11, 2026, President Trump announced the cancellation of planned strikes on Kharg Island, claiming a peace deal was near, which reduced the likelihood of a US invasion or seizure of the island. Iran denied any finalized deal, and the situation remained contested but without a change in control.
President Trump Announces U.S. Plans to Seize Kharg Island and Intensify Strikes
June 30 dips to 9%1%
On June 11, 2026, President Trump publicly threatened to take control of Kharg Island and conduct further military strikes against Iran, escalating tensions and causing a drop in market prices for the June 30 outcome. However, he also indicated uncertainty about U.S. public support for such an operation.
Trump calls off planned strikes on Iran, citing progress in negotiations
June 30 plunges to 12%32%
Later on June 11, President Trump cancelled planned airstrikes on Iran, including on Kharg Island, citing that discussions with Iranian leadership and regional powers had reached a high level of approval. This de-escalation led to a sharp decline in market expectations of a loss of Iranian control over Kharg Island.
Pentagon officials confirm plans to seize Kharg Island are shelved due to high risk
August 31 dips to 9%4%
Senior Pentagon and administration officials revealed that plans to capture Kharg Island have been considered but repeatedly shelved because the operation is too risky. This diminished expectations of a near-term change in control, impacting the market's outlook for August 31.
Pentagon officials confirm plans to seize Kharg Island are shelved due to high risk
June 30 drops to 3%9%
Senior Pentagon officials revealed that plans to capture Kharg Island had been drawn up but continuously shelved because the operation was considered too risky. This diminished market confidence in a U.S. takeover occurring soon, contributing to the price decline.
Iran reinforces Kharg Island defenses amid U.S. invasion threats
June 30 drops to 3%9%
In response to U.S. threats, Iran deployed additional surface-to-air missile systems and laid mines on Kharg Island, signaling strong intent to retain control. This military buildup reduced the likelihood of a successful U.S. seizure, reflected in market price drops.
Trump signals preference to take Kharg Island but doubts U.S. appetite for invasion
June 30 drops to 3%9%
In a Fox News interview, Trump stated that taking Kharg Island has always been his preference but expressed uncertainty about whether America has the appetite for such an operation. This tempered market enthusiasm for a takeover, contributing to price declines.
Trump vows to seize Kharg Island and strike Iran 'very hard tonight'
July 31 dips to 6%2%
President Trump publicly declared intentions to seize Kharg Island and control Iran's oil infrastructure, signaling potential military action. However, these remained threats without actual occupation, causing a drop in market probability for loss of Iranian control by July 31.
Trump signals possible future US seizure of Kharg Island but cancels immediate strikes
June 30 dips to 3%4%
On June 11, 2026, President Trump publicly stated intentions to take control of Kharg Island and Iran's oil infrastructure in the future but canceled planned strikes citing ceasefire progress. This maintained market uncertainty but did not indicate actual loss of Iranian control, contributing to a price decline.
Trump Abruptly Cancels Planned Strikes on Iran, Citing Peace Settlement Progress
August 31 dips to 9%4%
Just hours after threatening a ground invasion, President Trump reversed course, canceling planned strikes and claiming a peace deal was close, which caused the probability of a control change to plunge.
US military states capability to take Kharg Island but no current plans
US military officials confirmed the capability to take Kharg Island at any time but emphasized no current plans to deploy troops, reflecting ongoing strategic considerations without actual occupation. This maintained market skepticism about a change in control by the resolution date.
Trump Vows US Will Seize Kharg Island to Control Iran's Oil Exports
June 30 jumps to 8%5%
President Donald Trump announced on Truth Social that the US military would be taking Kharg Island and other oil infrastructure points in the near future, causing a brief spike in market expectations of a control change.
Trump signals possible US seizure of Kharg Island but cancels planned strikes
June 30 rises to 4%1%
On June 11, 2026, former President Trump publicly threatened to take control of Kharg Island and Iran's oil infrastructure but subsequently canceled planned air strikes, citing progress in ceasefire negotiations. This raised market uncertainty but no actual military action or control change occurred.
Trump Backs Down from Strikes and Claims Peace Deal Negotiations are Progressing
June 30 dips to 1%2%
Just hours after threatening a ground invasion, President Trump reversed his stance, canceling planned military strikes and claiming a peace settlement was close, which caused the probability of a near-term control change to plunge.
Iran Fortifies Kharg Island Defenses with Troops and Mines to Counter U.S. Threats
June 30 drops to 3%5%
In response to U.S. threats of seizure, Iran deployed additional military personnel, air defenses, and naval mines to Kharg Island, making a rapid foreign takeover highly risky and unlikely.
Trump threatens to take Kharg Island and control Iran's oil markets
Former US President Donald Trump publicly threatened to seize Kharg Island and assume total control of Iran's oil and gas markets, escalating rhetoric but without any actual military action or change in control. This increased market uncertainty but did not translate into a realized change in control.
Trump Backs Down on Seizure and Cancels Planned Strikes on Iran
June 30 dips to 1%3%
Hours after his initial threats, President Trump softened his stance on Fox News, called off the planned evening strikes, and announced that a peace settlement was close, causing the probability of a near-term loss of Iranian control to plunge.
President Trump threatens to seize Kharg Island and intensify attacks on Iran
June 30 jumps to 44%12%
On June 11, President Trump publicly vowed to take control of Kharg Island and other Iranian oil infrastructure, threatening to hit Iran "very hard tonight." This escalated market speculation about a potential US seizure of the island, temporarily increasing the probability before a subsequent decline.
Trump calls off planned Thursday evening strikes on Iran's Kharg Island
June 30 dips to 0%3%
Despite threats to seize Kharg Island, Trump canceled planned strikes on June 11, highlighting the operational risks and complexities of capturing the island. This contributed to market price declines as the likelihood of a successful seizure diminished.
Trump threatens to seize Kharg Island and Iran's oil infrastructure
August 31 dips to 12%1%
On June 11, 2026, President Trump publicly threatened to take control of Kharg Island and other Iranian oil infrastructure in the near future, signaling a potential major escalation in the conflict. This announcement initially caused a slight increase in market prices for the July 31 and August 31 outcomes, reflecting increased perceived likelihood of a change in control.
Iran maintains control and reinforces defenses on Kharg Island
July 31 drops to 2%6%
Iranian forces continued to control Kharg Island, reinforcing its defenses with additional missile systems and troops, and Iranian officials denied any agreement or loss of control. This maintained the status quo and contributed to the market's decline in probability of loss of Iranian control.
Trump signals US may seize Kharg Island and control Iran’s oil infrastructure
President Trump publicly stated on social media and in interviews that the US would be taking Kharg Island and other oil infrastructure points in the not too distant future. This renewed threat increased market attention but did not correspond with any actual military occupation or control change, leading to only modest price movements.
Trump Cancels Planned Strikes and Claims Peace Settlement is Close
June 30 dips to 1%2%
By Thursday afternoon and evening, President Trump abruptly reversed course, announcing he had canceled the planned strikes on Kharg Island and claiming that a peace settlement had been approved by all parties. This sudden de-escalation caused the probability of a near-term loss of Iranian control to collapse.
Iran Fortifies Kharg Island with Troops and Air Defenses to Counter US Threat
June 30 drops to 3%5%
Reports emerged that Iran deployed additional military personnel, air defenses, and naval mines to Kharg Island, significantly raising the difficulty and risk of any potential US ground invasion.
Trump cancels planned strikes on Kharg Island amid ceasefire talks
Later on June 11, Trump announced cancellation of planned strikes on Kharg Island and claimed a peace deal was near, reducing immediate expectations of a U.S. invasion or control change. Iran denied any agreement, keeping the situation unresolved.
Trump vows to seize Kharg Island and strike 'VERY HARD TONIGHT'
June 30 dips to 1%4%
President Trump announced a plan to seize Kharg Island, a vital oil export hub for Iran, citing a Venezuela-style takeover strategy. This marked a significant escalation in rhetoric, driving initial market price movement.
Trump threatens to seize Iran's Kharg Island and strike 'VERY HARD TONIGHT'
June 24 drops to 0%5%
On June 11, President Trump publicly vowed to seize Kharg Island and other Iranian oil infrastructure, promising a major military strike that night. This threat significantly raised market speculation about a potential change in control, causing initial price increases for the June 24 and June 30 outcomes.
Trump calls off planned Thursday evening strikes on Iran's Kharg Island
June 24 drops to 0%5%
Later on June 11, Trump canceled the planned strikes on Kharg Island, citing the high risks of a ground operation and the potential for heavy casualties. This decision led to a sharp decline in market prices as the likelihood of the U.S. seizing the island diminished.
Iran fortifies Kharg Island amid US invasion threats
June 30 dips to 4%3%
Iran deployed additional troops, missile systems, and naval mines to Kharg Island in response to U.S. threats, reinforcing its defenses and complicating any potential U.S. seizure. This development supported market expectations that control would remain with Iran by the June 30 deadline.
Trump Cancels Strikes and Announces Breakthrough Ceasefire Settlement with Iran
July 31 dips to 6%3%
Hours after his initial threats, President Trump reversed course, canceling the planned strikes and declaring that a peace settlement had been reached, which sharply reduced the likelihood of any US seizure of the island.
Trump walks back threat to strike Kharg Island amid negotiation progress
July 31 dips to 2%4%
Following his aggressive statements, Trump appeared on Fox News expressing reluctance to put boots on the ground and canceled planned air strikes, which reduced market expectations for a U.S. seizure of Kharg Island.
Trump walks back Kharg Island seizure threat, questioning American appetite for ground troops
July 31 dips to 7%1%
Hours after his initial threat, Trump softened his stance during a Fox News interview, admitting he was unsure if the U.S. had the 'stomach' for a ground operation on the island.
Trump Threatens to Take Kharg Island and Assume Control of Iranian Oil
August 31 dips to 12%1%
President Trump posted on Truth Social that the US would hit Iran very hard and take control of Kharg Island, briefly raising concerns of an imminent ground invasion before he softened his stance on Fox News.
Trump Abruptly Cancels Planned Strikes on Iran, Claiming Peace Deal is Close
June 30 dips to 1%2%
Just hours after threatening a major escalation, President Trump reversed course, calling off planned strikes and claiming a breakthrough in peace negotiations, which significantly lowered the likelihood of a ground invasion.
Trump walks back invasion threat and announces ceasefire breakthrough
June 30 dips to 4%4%
Hours after his initial threats, Trump softened his stance on Fox News and announced he had canceled the planned strikes because a peace settlement was close, causing the probability of a U.S. takeover to plunge.
Trump cancels planned strikes on Kharg Island amid peace talks
August 31 drops to 4%8%
Hours after threatening to strike Kharg Island and seize it, President Trump called off the planned attacks, citing progress in negotiations with Iran. This de-escalation led to a sharp decline in market prices for the island no longer being under Iranian control.
Iran denies any finalized peace deal and reaffirms control over Kharg Island
Following Trump's announcement of a peace deal and strike cancellation, Iranian officials denied any finalized agreement and reaffirmed their readiness to defend Kharg Island. This maintained the status quo of Iranian control and contributed to market skepticism about a U.S. takeover before the resolution date.
Trump Threatens to Seize Iran's Kharg Island and Assume Total Control of Oil Markets
June 30 jumps to 8%5%
President Trump posted on Truth Social that the U.S. would hit Iran 'very hard' and take control of Kharg Island in the 'not too distant future,' causing a brief spike in market attention and volatility.
Trump reiterates threat to take Kharg Island and control Iran's oil markets
June 30 dips to 2%1%
On June 11, 2026, Trump posted on Truth Social that the U.S. would be taking Kharg Island and other oil infrastructure points in the not too distant future, escalating rhetoric but without any actual military occupation, which kept market probabilities low.
President Trump vows to seize Kharg Island and strike 'VERY HARD TONIGHT'
August 31 dips to 9%4%
On June 11, 2026, President Donald Trump publicly threatened to seize Kharg Island and strike Iran very hard that night, escalating tensions and briefly increasing market uncertainty. However, this threat did not materialize into an actual military takeover, and Trump later walked back the threat. The announcement caused a temporary spike in market prices for the island no longer being under Iranian control, which then declined as no action followed.
US military plans to seize Kharg Island shelved due to high risk
July 31 dips to 5%3%
Following President Trump's threat, senior Pentagon officials and administration sources revealed that plans to capture Kharg Island had been drawn up but continuously shelved because the operation was considered too risky. This reduced the likelihood of a US takeover, contributing to a decline in market prices for the 'Yes' outcome.
Trump calls off planned airstrikes on Kharg Island amid peace talks
August 31 dips to 8%4%
Later on June 11, Trump canceled the threatened airstrikes on Kharg Island, citing ongoing discussions with Iran and progress toward extending the ceasefire. This reduced market expectations of a U.S. seizure of the island.
President Trump threatens to seize Kharg Island and Iran's oil infrastructure
August 31 dips to 12%1%
On June 11, President Trump publicly threatened to take "total control" of Iran's oil and gas markets, including Kharg Island, signaling a potential ground invasion. This escalated tensions and briefly increased market speculation about a change in control of the island.
Trump calls off planned strikes on Kharg Island amid peace deal talks
August 31 dips to 4%3%
Later on June 11, Trump retracted his threat to strike Kharg Island, announcing that a peace deal was close and that strikes were canceled. This de-escalation led to a further drop in market prices as the likelihood of a U.S. takeover diminished.
Iran Fortifies Kharg Island with Troops and Mines Following US Seizure Threats
July 31 dips to 7%1%
In response to Trump's threats, Iran deployed additional troops, air defenses, and naval mines to Kharg Island, reinforcing its defensive posture and making a rapid U.S. takeover less likely.
Trump calls off planned strikes on Iran after threatening Kharg Island takeover
July 31 drops to 2%6%
Later on June 11, 2026, Trump called off planned strikes on Iran despite his earlier threats to seize Kharg Island, indicating hesitation or reconsideration. This contributed to a decline in market prices as the likelihood of immediate U.S. control over Kharg Island diminished.
US military plans to seize Kharg Island considered too risky and shelved
June 30 dips to 0%3%
Reports emerged that although plans to capture Kharg Island existed, they were continuously shelved due to the high risk and difficulty of maintaining a sustainable presence on the island. This reinforced market skepticism about the feasibility of a U.S. takeover, pushing prices down further.
Trump Threatens US Will Seize Kharg Island and Assume Control of Iranian Oil
August 31 dips to 11%2%
President Donald Trump posted on Truth Social that the U.S. would take control of Kharg Island and other oil infrastructure in the near future, sparking fears of an imminent ground invasion.
President Trump publicly threatens to seize Kharg Island and control Iran's oil exports
June 30 jumps to 44%12%
On June 11, 2026, President Trump declared intentions to take control of Kharg Island and Iran's oil infrastructure, likening the strategy to the U.S. approach in Venezuela. This escalated market attention and temporarily increased the probability of a change in control, though no actual seizure occurred.
Trump Reverses Threat, Cancels Strikes on Iran Citing Peace Deal Breakthrough
June 30 dips to 4%4%
Just hours after threatening an invasion, Trump announced he was calling off the planned strikes because a 'great settlement' had been reached, taking the seizure of Kharg Island off the table.
Trump Abruptly Cancels Planned Iran Strikes and Claims Peace Deal is Near
August 31 drops to 7%5%
Just hours after threatening a ground invasion, President Trump reversed course, canceling scheduled strikes and claiming a breakthrough in peace negotiations, which caused the probability of a U.S. seizure of the island to plummet.
Trump announces U.S. will take Kharg Island and control Iranian oil infrastructure
President Trump declared on social media that the U.S. would assume total control of Kharg Island and Iran's oil and gas industries in the near future, escalating market speculation about a potential U.S. ground invasion. This announcement caused a spike in market interest but did not confirm actual control change.
Trump Threatens Future Seizure of Kharg Island but Cancels Scheduled Strikes
June 30 rises to 4%1%
President Trump posted on Truth Social that the U.S. would take control of Kharg Island in the 'not too distant future' to control Iran's oil markets, but hours later announced he had canceled scheduled military strikes. This confirmed that no immediate ground invasion was occurring, keeping the probability of a June 30 change of control very low.
Iran reinforces Kharg Island defenses amid US threat of ground operation
June 30 drops to 32%14%
Iran increased military personnel, air defenses, and laid traps on Kharg Island in anticipation of a possible US ground assault. This bolstered Iranian control and reduced market confidence in a US seizure, causing further price decline.
U.S. conducts airstrikes on over 50 Iranian military targets on Kharg Island
June 30 plunges to 11%19%
On April 7, 2026, U.S. forces launched precision airstrikes targeting more than 50 Iranian military sites on Kharg Island, deliberately sparing oil infrastructure. This demonstrated U.S. military pressure but did not change Iranian control, leading to a decline in market expectations for loss of control.
U.S. Forces Disable Tanker Sailing Toward Kharg Island as Trump Hints at Peace Deal
June 30 dips to 3%2%
U.S. forces disabled a tanker heading to Kharg Island, but President Trump simultaneously stated that a deal with Iran could be reached soon, signaling containment and diplomacy over territorial seizure.
Rare VLCC supertanker loads crude at Kharg Island amid disruption
June 30 jumps to 11%9%
Satellite imagery showed a very large crude carrier loading oil at Kharg Island for the first time in nearly a month, indicating Iran's continued operational control despite export disruptions and U.S. naval pressure.
US Fighter Jet Disables Oil Tanker Heading to Kharg Island
June 30 dips to 3%1%
US Central Command announced that a Hellfire missile disabled an unladen oil tanker heading to Kharg Island after it ignored warnings, demonstrating the enforcement of the US blockade but keeping actual control of the island in Iranian hands.
US Marines Train Aboard USS Tripoli as Experts Estimate High Troop Requirements for Kharg Seizure
June 30 dips to 3%2%
Military experts noted that any operation to capture Kharg Island would require at least 1,200 troops and expose them to severe Iranian missile risks. This high operational barrier further depressed the market's expectations of an imminent U.S. takeover.
IRGC tightens control over Persian Gulf, reinforcing Iranian hold on Kharg Island
June 30 dips to 5%1%
The Islamic Revolutionary Guard Corps (IRGC) increased maritime patrols and control measures in the Persian Gulf, including around Kharg Island, signaling continued Iranian dominance and reducing market expectations of a loss of control.
Iran Asserts Sovereignty Over Strait of Hormuz and Kharg Island Amid Ceasefire
June 30 dips to 7%2%
A billboard in Tehran depicting the Strait of Hormuz as 'Forever in Iran's Hand' highlighted Iran's continued assertion of sovereignty. With a fragile ceasefire in place and no active U.S. ground operations, traders increasingly bet against a loss of control by June 30, causing the price to drop.
Iranian Tankers Continue Loading Oil at Kharg Island Despite U.S. Blockade
June 30 drops to 8%5%
Reports of Iranian tankers successfully loading oil at Kharg Island demonstrated that Iran maintained firm operational and military control over the island, causing a sharp drop in the perceived probability of a successful U.S. takeover.
Reports of US and Israeli military planning for possible Kharg Island strike amid war fears
June 30 dips to 7%3%
Reports emerged in mid-May 2026 that US and Israeli military planners were considering expanded strikes or an assault on Kharg Island, reflecting ongoing tensions. However, such operations were assessed as highly risky with no confirmed ground action, sustaining low market probabilities for loss of Iranian control.
U.S. Launches Project Freedom to Escort Neutral Vessels Through Strait of Hormuz
June 30 dips to 9%1%
The U.S. military initiated 'Project Freedom' to guide neutral vessels through the Strait of Hormuz. This focused U.S. efforts on maritime enforcement and escort missions rather than launching a ground invasion to seize Kharg Island.
US naval blockade halts tanker loadings at Kharg Island, exports shift to Jask terminal
US naval blockade effectively stopped tanker loadings at Kharg Island, causing congestion and delays, but Iran retained control of the island. This operational impact was significant but did not meet the criteria for loss of control.
Satellite imagery shows no tanker loading at Kharg Island amid US naval blockade
June 30 dips to 4%3%
Satellite images from mid-May 2026 showed Kharg Island's oil export terminals devoid of tanker loading activity for at least ten days, indicating the operational impact of the US naval blockade. Despite this disruption, no evidence suggested a change in Iranian control over the island.
Satellite imagery shows stalled oil exports and increased Iranian patrols at Kharg Island
June 30 rises to 11%2%
Imagery from May 18, 2026, revealed that Kharg Island's oil loading terminals were empty for the first time since April, with tanker queues nearby and intensified IRGC patrols, indicating Iran's continued control and operational challenges rather than loss of control.
Kharg Island loading terminals observed fully empty amid U.S. blockade
Satellite imagery showed Kharg Island's loading terminals fully empty for the first time since April 18, indicating severe disruption to Iran's oil export operations due to the U.S. blockade. However, no official change in control was reported, maintaining the market's low probability for loss of control.
Kharg Island oil terminal remains devoid of tankers amid US naval blockade
June 30 rises to 11%2%
Satellite images showed no tankers loading at Kharg Island for at least ten days, indicating the effectiveness of the US naval blockade in straining Iranian oil exports. However, this blockade did not equate to loss of Iranian control over the island itself, keeping market probabilities low.
US Naval Blockade Halts Tanker Loadings at Kharg Island
June 30 drops to 5%5%
By mid-May, satellite imagery and maritime data showed no tankers loading at Kharg Island for an extended period due to a US naval blockade, causing congestion of waiting vessels nearby. Despite operational disruptions, Iranian control of the island remained intact, reflected in the market's low probability for loss of control.
Satellite Images Show Empty Kharg Island Loading Terminals as U.S. Blockade Bites
June 30 dips to 10%2%
Satellite imagery and maritime intelligence revealed that Kharg Island's loading terminals were completely empty of active tanker loading for at least ten days. While the U.S. naval blockade successfully disrupted exports, Iran's continued military presence and defensive posture on the island meant control did not change.
Satellite imagery shows Kharg Island loading terminals fully empty amid stalled exports
June 30 dips to 6%3%
On May 18, satellite images revealed Kharg Island's oil loading terminals were fully empty for the first time since April 18, with tanker queues nearby and intensified IRGC patrols. This indicated operational disruption due to the U.S. naval blockade but confirmed Iran's continued control over the island.
Satellite images show 23 tankers gathered at Kharg Island amid export bottlenecks
June 30 dips to 6%1%
Satellite imagery revealed a large cluster of tankers at Kharg Island, indicating continued Iranian use of the island as a key oil export hub despite U.S. naval blockades. This suggested Iran maintained operational control, reducing market confidence in a loss of control by June 30.
No confirmed change in control of Kharg Island despite ongoing conflict
Despite ongoing US-Iran tensions, airstrikes, and military posturing, Iranian governmental and military control over Kharg Island remained intact with no ground operation or occupation, leading to market resolution favoring 'No'.
U.S. Air Force bombs military targets on Kharg Island, sparing oil infrastructure
On March 13, 2026, the U.S. conducted a large bombing raid on Kharg Island targeting Iranian military sites but deliberately avoided damaging oil and gas infrastructure. This maintained Iranian control over the island's critical oil export facilities, limiting the market's expectation of a change in control.
U.S. conducts airstrikes on Iranian military targets on Kharg Island
June 30 dips to 8%4%
The U.S. launched precision airstrikes targeting over 50 Iranian military sites on Kharg Island, deliberately sparing oil infrastructure to degrade Iran's military capabilities without disrupting oil exports. This demonstrated U.S. military pressure but did not indicate a change in control of the island.
US Air Force bombs Iranian military sites on Kharg Island
June 30 rises to 9%1%
On March 13, 2026, the US Air Force conducted a large bombing raid targeting Iranian military sites on Kharg Island, aiming to degrade Iran's military capabilities without damaging oil infrastructure. This heightened tensions and raised speculation about potential US moves to seize the island, initially increasing market probabilities.
Trump Departs for Beijing Amid Ongoing Ceasefire and Shelved Invasion Plans
June 30 dips to 9%1%
President Trump departed for China as a fragile ceasefire remained in place. Reports highlighted that U.S. military plans to invade Kharg Island had been repeatedly shelved due to high casualty risks and the need for significant ground troops.
Satellite imagery shows prolonged halt in oil shipments at Kharg Island amid US blockade
June 30 drops to 7%5%
Satellite images showed no ocean-going oil tankers at Kharg Island for several consecutive days in early May, marking the longest disruption since the conflict began. This indicated effective US naval blockade pressure but no loss of Iranian control over the island.
Trump reverses plans for massive attack on Kharg Island
June 30 dips to 10%2%
President Trump announced he had reversed plans to launch a massive attack and invasion of Kharg Island, which handles most of Iran's oil production. This announcement tempered market expectations for a near-term change in control, contributing to price declines.
Oil shipments from Kharg Island halt for several days, first prolonged stoppage since war began
June 30 dips to 8%1%
Satellite imagery showed no oil tankers at Kharg Island for several consecutive days, signaling a significant disruption in oil exports. This suggested operational difficulties but did not indicate loss of Iranian control, affecting market confidence in a control change.
Trump announces intent to invade Kharg Island but reverses plans
June 30 dips to 9%2%
On May 12, 2026, President Trump publicly stated his intention to invade Kharg Island to take control of Iran's oil infrastructure but later reversed the plan, causing market uncertainty and a decline in the probability of the island changing hands.
Trump reverses plans to invade Kharg Island after threatening attack
June 30 dips to 9%3%
President Trump announced intentions to invade Kharg Island, a key Iranian oil export hub, but subsequently reversed plans for a massive attack. This announcement initially raised market expectations for a change in control but the reversal tempered those expectations, contributing to price volatility.
Trump cancels planned massive attack on Iran and Kharg Island invasion
June 30 dips to 7%2%
President Trump initially threatened a massive attack on Iran and announced plans to invade Kharg Island, but later reversed these plans citing progress in ceasefire negotiations and concerns over troop casualties. This reduced market confidence in a near-term change of control of Kharg Island.
Satellite images show prolonged halt in oil shipments from Kharg Island
June 30 dips to 8%4%
Satellite imagery revealed no oil tankers loading at Kharg Island for several days, indicating severe disruption due to the US naval blockade. Despite this, Iran maintained military control, leading to market confidence falling to a low of 8%.
US conducts airstrikes on Iranian military targets on Kharg Island, sparing oil infrastructure
June 30 dips to 9%3%
The U.S. launched airstrikes targeting over 90 Iranian military sites on Kharg Island, deliberately avoiding damage to oil export facilities. This reinforced Iranian control of the island and lowered market confidence in a loss of control.
Satellite Data Shows Prolonged Halt in Crude Tanker Loadings at Kharg Island
June 30 rises to 10%1%
Geospatial intelligence and satellite imagery confirmed that Kharg Island's loading terminals were completely empty, indicating that the U.S. economic blockade had successfully halted seaborne crude exports.
Kharg Island Loading Terminals Observed Fully Empty as Export Disruption Sustains
June 30 dips to 9%3%
Satellite imagery showed all loading terminals empty for the first time since April 18, confirming severe operational disruption but demonstrating that Iran maintained unchallenged administrative control.
No credible reports of Kharg Island changing control despite ongoing conflict
June 30 dips to 9%3%
Despite ongoing military actions and threats, no official or credible reports confirmed that Iran lost control of Kharg Island, leading to market prices stabilizing at low levels reflecting a 'No' resolution expectation.
Large oil slick detected near Kharg Island amid US blockade
June 30 dips to 5%2%
Satellite images showed a large oil spill near Kharg Island, raising concerns about infrastructure strain amid the U.S. naval blockade, but Iran denied any leak from its facilities, attributing the spill to a damaged tanker.
No credible reports of Kharg Island changing control despite ongoing conflict
June 30 dips to 9%3%
Despite ongoing military actions, airstrikes, and threats, no official or credible reports confirmed that Iran lost control of Kharg Island. Iran maintained military and governmental control, and the market settled at a low probability reflecting a 'No' resolution expectation.
U.S. maintains blockade and airstrikes but no ground invasion of Kharg Island
June 30 dips to 9%3%
Despite ongoing military pressure including airstrikes and blockades, no U.S. ground troops were deployed to seize Kharg Island, and Iran retained control, leading to further decline in market probability.
Satellite imagery reveals prolonged halt in oil shipments at Kharg Island
Satellite images showed no ocean-going oil tankers at Kharg Island for several consecutive days, the longest such halt since the conflict began. While this indicated operational pressure and storage capacity issues, there was no evidence of a change in Iranian control of the island.
Large Oil Slick Detected Near Strategic Kharg Island Hub
June 30 dips to 9%1%
Satellite imagery revealed a massive oil spill covering over 20 square miles west of Kharg Island. While the incident raised maritime security concerns, it confirmed that the island remained under firm Iranian administrative and military control, contributing to a gradual decline in the perceived likelihood of a near-term transfer of control.
Massive oil spill detected near Kharg Island amid ongoing conflict
June 30 drops to 9%5%
Satellite imagery revealed a large oil spill near Kharg Island, raising environmental concerns but confirming the island remained under Iranian administrative control. This event underscored ongoing tensions without indicating a change in control.
Kharg Island Oil Shipments Halt as Storage Nears Capacity Under U.S. Blockade
June 30 dips to 9%3%
Satellite imagery confirmed that no ocean-going tankers loaded at Kharg Island for several days, indicating the operational success of the U.S. naval blockade. However, because the blockade successfully choked exports without requiring U.S. troops to land, the island remained under Iranian administrative control, cementing the 'No' resolution.
US and Iranian naval forces exchange fire in Strait of Hormuz near Kharg Island
June 30 dips to 9%3%
Between May 8-10, US and Iranian forces clashed in the Strait of Hormuz, escalating tensions but with no reported change in control of Kharg Island. The continued Iranian presence and operations on the island kept market confidence low for a control shift.
US naval blockade halts tanker loadings at Kharg Island
June 30 drops to 4%5%
Satellite imagery confirmed no ocean-going tankers loaded at Kharg Island for at least 10 days due to a U.S. naval blockade, severely disrupting Iran's oil exports but not indicating a loss of Iranian control over the island.
Massive Oil Spill Detected Near Iran's Strategic Kharg Island Export Hub
Satellite imagery revealed a suspected oil spill covering dozens of square kilometers west of Kharg Island, raising maritime security concerns but confirming that the island remained under Iranian administrative control.
US conducts airstrikes on Iranian military targets on Kharg Island
June 30 plunges to 11%19%
The US launched airstrikes targeting over 90 Iranian military sites on Kharg Island, deliberately sparing oil infrastructure. This reinforced Iranian military control and did not result in a change of control, contributing to market skepticism about a US takeover.
Satellite images show prolonged halt in oil tanker loadings at Kharg Island
June 30 dips to 8%1%
European satellite imagery confirmed no ocean-going oil tankers were observed at Kharg Island for several days, indicating a prolonged halt in shipments due to the conflict and U.S. naval blockade. Despite this, no evidence suggested a change in Iranian control.
Satellite imagery shows large oil spill near Kharg Island amid U.S. naval blockade
June 30 dips to 7%2%
Satellite images revealed a large oil slick near Kharg Island, raising environmental concerns and highlighting operational strain on Iran's oil infrastructure due to the U.S. naval blockade. Despite the spill, Iran denied leaks from its facilities and maintained control over the island.
Satellite Images Reveal Massive Oil Spill Near Kharg Island
June 30 dips to 7%3%
Satellite imagery from May 6-8, 2026, showed a large oil slick covering approximately 45 square kilometers near Kharg Island, raising environmental concerns amid ongoing conflict. The spill was suspected to be linked to military or technical operations but did not indicate a loss of Iranian control.
U.S. and Iran Close in on One-Page Memo to End War
June 30 dips to 9%1%
Reports emerged that Washington and Tehran were nearing a 14-point memorandum of understanding to end hostilities, which would include lifting blockades and sanctions. This diplomatic progress lowered the probability of a U.S. military invasion to seize Kharg Island.
Satellite Imagery Detects Large Oil Spill Near Iran's Strategic Kharg Island
June 30 dips to 8%1%
Satellite images captured a massive oil slick spreading off the coast of Kharg Island, highlighting regional friction and potential infrastructure leaks. However, the island remained firmly under Iranian administrative and military control, keeping the probability of a foreign takeover low.
Satellite Imagery Reveals Large Oil Spill Near Iran's Kharg Island
June 30 dips to 9%3%
Satellite images captured a massive oil spill covering dozens of square kilometers near Kharg Island, highlighting the ongoing environmental and logistical toll of the conflict but confirming that Iran still actively operated the terminal.
Satellite imagery reveals massive oil spill near Kharg Island
June 30 dips to 7%2%
Satellite images from May 6-8 showed a large oil slick covering dozens of square kilometers west of Kharg Island, raising environmental concerns amid ongoing conflict. The spill highlighted the strain on Iranian oil infrastructure but did not indicate a loss of Iranian control over the island.
Kharg Island oil exports disrupted by suspected oil spill and US blockade
June 30 dips to 9%3%
Satellite imagery and ship tracking indicated no tanker loading at Kharg Island since May 6 due to an oil spill and ongoing US naval blockade, severely limiting Iran's oil exports but with Iran retaining control of the island.
Satellite imagery shows prolonged halt in oil shipments from Kharg Island
June 30 dips to 9%2%
Satellite images revealed no ocean-going oil tankers at Kharg Island for several days in early May, indicating a significant disruption in Iranian oil exports but no change in control of the island. This contributed to market uncertainty about the island's status.
Analysis compares Kharg Island to historic Vicksburg siege highlighting strategic importance
An article likened Kharg Island to Vicksburg, emphasizing its strategic military significance and the ongoing US-Israel-Iran conflict. This framing underscored the island's fortified status and the difficulty of seizing control, tempering market expectations for a quick change in control.
Senator Lindsey Graham Backtracks on Calls for U.S. to Seize Kharg Island
June 30 dips to 9%3%
After previously urging President Trump to seize the island, Senator Lindsey Graham reversed his position on Fox News, signaling a lack of political and military appetite for a risky ground occupation.
Senator Lindsey Graham Backtracks on Calls for U.S. to Seize Kharg Island
June 30 dips to 9%3%
Senator Lindsey Graham reversed his previous aggressive stance urging President Trump to physically seize Kharg Island, suggesting instead that the U.S. threaten it from the air. This signal of reduced political appetite for a risky ground occupation contributed to a drop in market expectations of a change in control.
U.S. Navy escorts stranded ships through Strait of Hormuz amid Iran conflict
June 30 dips to 11%1%
Ships stranded in the Persian Gulf coordinated with the U.S. Navy to transit the Strait of Hormuz safely, reflecting ongoing tensions but no change in control of Kharg Island. This maintained uncertainty about the island's status, contributing to market price fluctuations.
U.S. Airstrikes Destroy Over 90 Iranian Military Sites on Kharg Island
On March 13, 2026, the U.S. conducted a large-scale precision bombing raid on Kharg Island targeting Iranian military infrastructure, destroying over 90 sites but deliberately avoiding oil facilities. This military action heightened tensions and initially raised the market's probability of Iran losing control, reflected in early May prices.
Kharg Island oil storage reaches full capacity amid US naval blockade
June 30 dips to 14%2%
Following a US naval blockade starting April 13, Kharg Island's oil storage filled to capacity by April 26, severely limiting Iran's oil exports. Despite economic pressure, Iran maintained control of the island, contributing to the market's low probability of loss of control.
US naval blockade limits Kharg Island oil exports amid storage constraints
June 30 dips to 12%4%
US naval blockade and storage capacity limits severely restricted oil exports from Kharg Island, but satellite imagery confirmed ongoing tanker activity and loading, indicating Iran retained control despite operational challenges.
U.S. issues ultimatum with military buildup but no seizure of Kharg Island
June 30 drops to 9%7%
The U.S. maintained military pressure and discussed seizing Kharg Island as a 'Plan B' if diplomacy failed, but no actual occupation occurred, leading to further market price declines as control remained with Iran.
Trump extends naval blockade of Kharg Island, rules out ground invasion
June 30 plunges to 16%15%
President Trump announced an extension of the limited U.S. naval blockade around Kharg Island, confirming that U.S. forces would continue to patrol and enforce a quarantine but would not land troops. The clarification lowered the perceived risk of an actual ground occupation, pushing the “Yes” probability down to a low‑teen range (14 % on April 14 and 16 % through the end of April).
U.S. Discusses Military Control of Kharg Island and Issues 15-Day Ultimatum
June 30 jumps to 21%5%
Reports emerged that the Trump administration was discussing advanced offensive military scenarios, including a final 15-day ultimatum and bartering frozen funds before activating direct military force, causing a temporary spike in market probability.
Reports of US discussions on seizing Kharg Island or imposing naval blockade
June 30 drops to 14%8%
Reports emerged that the US administration was considering military control of Kharg Island or a naval blockade to force Iran's compliance. Despite these discussions, no actual military occupation or change in control occurred, leading to further decline in market probability for loss of Iranian control.
US signals military control of Kharg Island as option in Iran negotiations
June 30 dips to 14%2%
On April 21, reports revealed US discussions about seizing Kharg Island or imposing a naval blockade as leverage in negotiations with Iran. Despite this, no actual control change occurred, reinforcing market skepticism and further lowering the price.
U.S. Discusses Seizing Kharg Island Under 'Plan B' Ultimatum
June 30 jumps to 21%5%
Reports emerged that the White House and Pentagon discussed military control of Kharg Island as a 'Plan B' option if diplomatic efforts failed, causing a minor temporary rebound in the market's perceived probability of a takeover.
US Issues 15-Day Ultimatum to Iran with Kharg Island Seizure on the Table
June 30 jumps to 20%8%
Reports emerged that the Trump administration was discussing a final 15-day ultimatum and bartering frozen funds before activating direct military force, causing a temporary spike in market probability.
White House and Pentagon Discuss Seizing Kharg Island Under 'Plan B' Ultimatum
June 30 jumps to 17%6%
Reports emerged that the Trump administration was considering advanced offensive military scenarios, including seizing Kharg Island, if diplomatic paths failed, causing a minor temporary rebound in the market.
US considers military control of Kharg Island as leverage in negotiations
June 30 drops to 17%5%
On April 21, 2026, reports indicated US discussions about seizing Kharg Island or imposing a naval blockade to force Iran's compliance, but no actual control change occurred. This maintained downward pressure on market prices.
US discusses military control of Kharg Island as part of escalation plans
June 30 dips to 14%2%
Reports emerged of US White House and Pentagon discussions about seizing Kharg Island to cripple Iran's oil exports, but no action was taken. This raised market speculation but did not translate into a change in control, contributing to price volatility.
US Considers Bartering Frozen Funds and Issues 15-Day Ultimatum to Iran
June 30 rises to 18%4%
Reports emerged that the Trump administration was discussing a final 15-day ultimatum and bartering frozen funds before activating direct military force, causing a temporary spike in market volatility.
U.S. Weighs Bartering Frozen Funds for Iranian Uranium Stockpile Amid Ultimatum
June 30 jumps to 17%6%
Reports emerged that the U.S. was offering a diplomatic deal to barter frozen funds for Iran's enriched uranium, framing military control of Kharg Island as a 'Plan B' option only if talks failed.
Iran signals collapse of talks, raising risk of intensified conflict
June 30 drops to 12%10%
Iranian President Masoud Pezeshkian indicated talks would collapse if no deal is reached soon, increasing the risk of military escalation but no confirmed change in control of Kharg Island, keeping market sentiment low.
Iran Strengthens Military Presence on Kharg Island, Reducing U.S. Seizure Chances
June 30 drops to 9%5%
Iran continued to fortify Kharg Island with additional troops and air defenses, signaling strong control and diminishing the likelihood of a U.S. takeover, which kept market probabilities low.
Iran continues to operate and defend Kharg Island amid conflict
June 30 drops to 14%7%
Despite ongoing conflict and US threats, Iran maintained operations at Kharg Island, including crude oil loading, and reinforced defenses, indicating no loss of control. This sustained Iranian control further lowered market prices for a US takeover by June 30.
Iranian President signals collapse of diplomacy, raising stakes for Kharg Island
June 30 dips to 14%2%
Iranian President Masoud Pezeshkian indicated that diplomatic talks would collapse, increasing the risk of military escalation. However, no reports confirmed a change in control of Kharg Island, maintaining market skepticism.
No credible reports of Kharg Island changing control; Iran maintains defenses
June 30 drops to 9%11%
Despite ongoing conflict and U.S. military pressure, no official or credible reports confirmed that Kharg Island was no longer under Iranian control. Iran's reinforced defenses and lack of U.S. ground occupation led the market to settle at a low probability for a change in control by the resolution date.
Iran maintains control of Kharg Island despite U.S. strikes and threats
June 30 drops to 11%11%
Despite U.S. airstrikes targeting military sites on Kharg Island and ongoing threats, Iran's reinforced defenses and continued operations at the oil terminal indicated no loss of control, leading to a sharp market decline in the probability of a change in control.
No change in territorial control of Kharg Island despite US airstrikes
June 30 drops to 9%9%
Despite US airstrikes targeting Iranian military sites on Kharg Island, no actual change in control occurred, and Iran maintained primary governmental and military control, leading to further market decline in the probability of a US takeover by March 31.
US extends naval blockade and ceasefire while Kharg Island oil loading continues
June 30 drops to 12%5%
Despite ongoing US naval blockade and military pressure, satellite imagery confirmed continued oil loading operations at Kharg Island, indicating Iran's operational control remained intact. This reduced market confidence in a loss of control by the June 30 outcome date.
Iran Strengthens Military Presence on Kharg Island, Lowering Odds of U.S. Control
June 30 drops to 12%11%
Iran continued to fortify Kharg Island with additional troops and defenses, signaling strong control and reducing the likelihood of a U.S. takeover, which was reflected in the market's declining probability.
Iran reinforces Kharg Island with air defenses and mines
June 30 drops to 12%10%
Reports confirmed Iran had significantly reinforced Kharg Island's military defenses with man-portable air-defense systems and extensive minefields, further complicating any US attempt to seize the island and lowering market odds.
US Central Command confirms Marine and Navy support for Iran blockade
June 30 dips to 14%2%
CENTCOM confirmed Marine and Navy support for a blockade targeting Iran, including Kharg Island, signaling increased military pressure but no direct seizure. This reinforced expectations of continued Iranian control, causing a price drop in the market for Kharg Island control by June 30.
President Trump reportedly declines plan to seize Kharg Island over casualty fears
June 30 drops to 16%14%
Reports indicated President Trump rejected a plan to seize Kharg Island due to concerns about American casualties and vulnerability of troops, reinforcing market views that U.S. control was unlikely and pushing prices lower.
President Trump reportedly rejected seizing Kharg Island due to casualty fears
June 30 drops to 16%5%
Reports indicated President Trump declined to seize Kharg Island fearing American casualties and exposure of troops, favoring blockade instead, which dampened market optimism for a takeover.
Trump Activates Naval Blockade of Iranian Ports as Alternative to Ground Invasion
June 30 drops to 11%7%
Following the collapse of peace talks in Islamabad, President Trump ordered a naval blockade of Iranian ports instead of launching a ground assault to seize Kharg Island. This shift in strategy to offshore containment significantly reduced the probability of a physical takeover of the island.
US imposes naval blockade on Iranian ports including Kharg Island
June 30 plunges to 14%16%
The US naval blockade starting April 13 halted exports through Kharg Island, severely limiting Iran's oil exports. Despite economic pressure, Iran maintained control, contributing to market decline in probability of loss of control.
U.S. imposes naval blockade on Iranian ports including Kharg Island
June 30 drops to 16%8%
The U.S. naval blockade effectively halted tanker loadings at Kharg Island, severely limiting Iran's oil exports. Despite this economic pressure, Iran maintained military and governmental control of the island, further reducing market expectations of a loss of control.
US naval blockade of Iranian ports including Kharg Island begins
June 30 drops to 9%7%
Starting April 13, 2026, the US imposed a naval blockade on Iranian ports including Kharg Island, effectively halting oil exports through the island. Despite this operational disruption, Iran maintained military and administrative control, which lowered market expectations of a loss of control.
US-Iran Peace Talks in Islamabad Collapse Without Agreement
June 30 dips to 17%4%
High-stakes direct negotiations in Pakistan collapsed after 21 hours due to disagreements over nuclear commitments, prompting the U.S. to announce a naval blockade and raising fears of renewed military escalation.
Pakistan brokers temporary U.S.–Iran cease‑fire; Kharg Island tension eases
June 30 drops to 19%12%
Pakistan brokered a temporary cease‑fire between the United States and Iran, which was publicly announced on April 8. The cease‑fire eased immediate fighting around Kharg Island, causing the market’s “Yes” odds to drop sharply. The price slid from 31 % on April 7 to 19 % on April 9, reflecting reduced expectations of an imminent U.S. occupation.
Experts caution seizing Kharg Island risks US lives and may not end Iran war
June 30 plunges to 13%17%
Military and energy experts warned that seizing Kharg Island would be difficult, risky for US troops, and unlikely to force Iran to capitulate, reinforcing market skepticism about a change in control.
Iran reinforces Kharg Island defenses amid ongoing US threats
June 30 drops to 18%5%
Iran continued to bolster its military presence and defenses on Kharg Island, laying traps and deploying additional forces to deter a US ground invasion. This sustained Iranian control and contributed to further market decline in the probability of loss of control.
U.S. and Iran Agree to Two-Week Ceasefire Mediated by Pakistan
June 30 dips to 11%2%
President Trump announced a two-week suspension of attacks on Iran in exchange for the reopening of the Strait of Hormuz, significantly reducing the immediate likelihood of a U.S. ground assault to seize Kharg Island.
Analysis highlights challenges of seizing and holding Kharg Island
June 30 plunges to 18%19%
On April 8, expert analysis emphasized the operational and sustainment challenges of occupying Kharg Island, including the need for extensive military resources and risks of Iranian retaliation. This dampened market optimism about a US takeover, pushing prices lower.
U.S. pauses additional strikes on Kharg Island as diplomatic talks intensify
June 30 dips to 11%2%
On April 8, the U.S. announced it would pause further strikes on Kharg Island pending diplomatic talks, while Iran continued regular crude loading. The de‑escalation signal further reduced market confidence in a change of control, pushing the price down to the low‑teens.
US Conducts Precision Airstrikes on Kharg Island Military Targets
June 30 drops to 11%6%
The U.S. military launched another round of airstrikes targeting military installations on Kharg Island while deliberately sparing oil infrastructure, signaling a strategy of containment rather than territorial seizure.
U.S. Conducts Second Round of Precision Airstrikes on Kharg Island Military Targets
June 30 plunges to 19%18%
The U.S. military launched another round of airstrikes targeting military installations on Kharg Island while deliberately sparing oil infrastructure, signaling a strategy of containment rather than territorial seizure.
US launches airstrikes on military targets on Kharg Island ahead of Trump deadline
June 30 dips to 30%2%
The US conducted strikes on about 50 military targets on Kharg Island, again sparing oil infrastructure. This reinforced that the US was applying pressure but not seizing control, leading to further decline in market probability for loss of Iranian control.
Iran continues to strengthen Kharg Island defenses amid ongoing conflict
June 30 plunges to 18%19%
Iran reportedly continued reinforcing Kharg Island with man-portable air-defense systems and mines, maintaining strong control over the island and reducing the likelihood of a US seizure by the resolution date.
US launches second airstrike on military targets on Kharg Island
June 30 drops to 11%6%
US forces conducted another airstrike targeting Iranian military infrastructure on Kharg Island, again sparing oil export facilities. This reinforced Iranian control and lowered market confidence in a loss of control.
US launches multiple airstrikes on Iranian military targets on Kharg Island
June 30 plunges to 11%19%
On April 7, 2026, the U.S. military launched a series of airstrikes on Kharg Island military targets, described as "restrikes" to ensure damage. Despite these strikes, Iranian oil infrastructure remained intact and Iran maintained control, leading to further decline in market probability for loss of control.
U.S. Strikes Military Targets on Kharg Island Without Changing Strategy
June 30 plunges to 18%19%
The U.S. conducted airstrikes on military targets on Kharg Island, but officials confirmed this did not represent a shift toward occupation or territorial seizure, causing the 'Yes' price to collapse.
U.S. military launches second round of strikes on Iranian military targets on Kharg Island
June 30 drops to 18%12%
The U.S. conducted additional airstrikes targeting military installations on Kharg Island, again sparing oil export facilities. This reinforced military pressure but did not alter Iranian control, leading to further decline in market probability for loss of control.
U.S. military strikes military targets on Kharg Island again
June 30 plunges to 16%15%
The U.S. conducted a second round of airstrikes targeting Iranian military infrastructure on Kharg Island, again sparing oil export facilities. This reinforced Iranian control and further lowered market confidence in a loss of control by the resolution date.
U.S. Launches Precision Airstrikes on Kharg Island Military Targets Ahead of Deadline
June 30 plunges to 13%18%
The U.S. military conducted a series of airstrikes targeting military installations on Kharg Island while deliberately sparing its vital oil infrastructure, signaling a preference for targeted pressure over a ground invasion.
US Launches Precision Airstrikes on Kharg Island Military Targets
June 30 plunges to 22%15%
The U.S. military launched another round of airstrikes targeting military installations on Kharg Island while deliberately sparing oil infrastructure, signaling a strategy of containment rather than territorial seizure.
Iran fortifies Kharg Island with additional military personnel and air defenses
June 30 plunges to 14%22%
By early April, Iran had increased military personnel and air defenses on Kharg Island in anticipation of a possible US operation, reducing the likelihood of a successful US seizure and pushing market prices lower.
US military launches additional airstrikes on Kharg Island military targets
June 30 drops to 18%12%
The US conducted further airstrikes targeting Iranian military installations on Kharg Island, again sparing oil infrastructure. Iran reported minimal damage and continued normal oil export operations, reinforcing that control remained with Iran and lowering market expectations of a change.
U.S. Conducts Precision Airstrikes on Kharg Island Military Targets Sparing Oil Infrastructure
June 30 plunges to 18%19%
The U.S. launched a fresh round of airstrikes targeting military installations on Kharg Island while deliberately sparing oil infrastructure, signaling a strategy of containment rather than territorial seizure.
US strikes Kharg Island military targets again, spares oil infrastructure
June 30 drops to 22%6%
The US conducted a second wave of airstrikes on Kharg Island targeting dozens of military sites, including air defenses and missile storage, while deliberately avoiding oil facilities. Iran reported explosions but maintained that oil export operations continued, reinforcing the view that Iran retained control.
US conducts second airstrike on Kharg Island targeting military sites only
June 30 dips to 28%4%
A second wave of U.S. airstrikes hit additional Iranian military installations on Kharg Island, again sparing the oil terminals. The repeat attacks reinforced that the United States was applying pressure without attempting to occupy the island, keeping Iranian control intact and further eroding market optimism for a loss of control.
US Conducts Multiple Strikes on Military Targets on Kharg Island
June 30 plunges to 13%19%
The U.S. launched airstrikes targeting military sites on Kharg Island. Because the strikes deliberately avoided oil infrastructure and did not involve ground troops, the probability of a change in control fell sharply.
U.S. military strikes Iranian military targets on Kharg Island again
June 30 drops to 14%7%
The U.S. launched another airstrike targeting Iranian military infrastructure on Kharg Island, again sparing oil export facilities. This reinforced Iranian control and lowered market confidence in a loss of control.
US airstrikes again target military sites on Kharg Island amid blockade
June 30 drops to 14%14%
The US conducted further airstrikes on Kharg Island military infrastructure without hitting oil facilities, while imposing a naval blockade that disrupted oil exports. This increased operational strain but did not change control, reflected in a price drop from 28% to 14%.
Reports confirm Iran maintains control of Kharg Island despite US threats
June 30 drops to 28%10%
Despite US military presence and threats, Iran continued to operate Kharg Island's oil export facilities and maintain control, with no credible reports of US occupation. This led to a sharp decline in market probability for a US takeover by March 31.
Experts warn seizing Kharg Island risks U.S. lives and may not end conflict
June 30 drops to 22%6%
By early April, military and regional experts cautioned that a U.S. ground invasion of Kharg Island would be difficult to hold and might not force Iran to capitulate, dampening market optimism about a change in control.
Military Experts Warn Seizing Kharg Island Risks U.S. Troops' Lives and May Not End War
June 30 drops to 28%10%
Analysts and military experts cautioned that a ground invasion to seize Kharg Island would be highly dangerous and difficult to sustain, deterring U.S. ground operations and lowering market expectations of a change in control.
US President Trump threatens to deploy troops to seize Kharg Island
June 30 drops to 22%6%
President Trump publicly threatened to send ground forces to seize Kharg Island, but experts and analysts highlighted the high risk and potential failure, which contributed to further market price decline.
Experts caution seizing Kharg Island would be difficult and risky
June 30 drops to 21%7%
Military and energy experts warned that taking and holding Kharg Island would be hard and might not force Iran to capitulate, suggesting a blockade might be a safer strategy. This expert analysis contributed to a decline in market confidence for a loss of Iranian control.
Experts warn seizing Kharg Island risks U.S. lives and may not end Iran war
June 30 plunges to 16%16%
Military and regional experts cautioned that a U.S. ground seizure of Kharg Island would be difficult to hold, risk American lives, and might not compel Iran to capitulate, leading to reduced market expectations for a change in control.
Experts say seizing Kharg Island would be too risky for U.S. troops
June 30 plunges to 13%17%
The Los Angeles Times published expert commentary warning that any U.S. attempt to occupy Kharg Island would be costly and unlikely to succeed. The analysis dampened expectations of a successful seizure, accelerating the price decline toward single digits.
Experts warn seizing Kharg Island would risk U.S. lives and may not end war
June 30 drops to 21%7%
Military experts cautioned that a U.S. ground seizure of Kharg Island would be difficult to hold and could lead to heavy casualties without guaranteeing an end to the conflict. Safer alternatives like naval blockades were suggested, dampening market expectations for a change in control.
Trump Openly Muses About Seizing Kharg Island but Notes Long-Term Occupation Risks
June 30 drops to 30%7%
President Trump publicly discussed the option of taking Kharg Island to control Iran's oil, but noted that it would require a long-term presence. This mixed signal caused the market to fluctuate as the logistical and political difficulties of a ground invasion became clearer.
Trump Threatens to Obliterate Kharg Island if Strait of Hormuz Is Not Reopened
June 30 drops to 28%9%
President Trump threatened to completely destroy Iran's oil wells and Kharg Island if a peace deal is not reached shortly, signaling a shift toward destructive bombardment rather than a territorial seizure.
President Trump discusses potential U.S. troop deployment to seize Kharg Island
June 30 drops to 32%7%
President Trump publicly indicated consideration of deploying ground troops to seize Kharg Island to gain leverage in the conflict, but experts warned of high risks and difficulties in holding the island. This announcement initially maintained some market optimism but also introduced doubts about feasibility.
Trump vows to seize or destroy Kharg Island if Iran does not reopen Hormuz
June 30 drops to 37%11%
President Trump warned on Truth Social that the United States would seize or destroy Kharg Island’s oil facilities unless Tehran reopened the Strait of Hormuz. The harsh threat raised the likelihood of a U.S. occupation, pushing the market’s “Yes” probability sharply higher. By the next day the price fell from 48 % to 37 % as traders reassessed the credibility of the threat.
US President Trump signals possible troop deployment to seize Kharg Island
June 30 drops to 30%7%
On March 30, President Trump indicated potential deployment of troops to seize Kharg Island, raising market speculation. However, experts warned of operational difficulties and risks, tempering expectations of a successful takeover and causing price volatility.
Trump signals intent to deploy troops to seize Kharg Island
June 30 drops to 30%8%
BBC reported that President Trump publicly reiterated the option of sending troops to seize Kharg Island. The renewed high‑profile threat caused a short rally in the market’s ‘Yes’ probability, pushing the price back up before the later declines.
President Trump publicly considers seizing Kharg Island to control Iran's oil exports
June 30 drops to 32%7%
Trump suggested the US could seize Kharg Island, highlighting its strategic importance. This raised market attention but also concerns about the feasibility and risks of such an operation, contributing to price volatility and a downward trend in the probability of loss of Iranian control.
Trump Publicly Suggests US Could Seize Kharg Island and Its Oil
June 30 drops to 32%12%
President Trump stated in an interview that seizing Kharg Island was an option to take Iran's oil and exert pressure, causing a temporary spike in market attention before prices resumed their downward trend.
U.S. President Trump Signals Possible Troop Deployment to Seize Kharg Island
June 30 drops to 23%7%
President Trump indicated potential deployment of U.S. troops to seize Kharg Island, increasing market speculation about a change in control. However, experts warned of high risks and challenges in holding the island, tempering market enthusiasm.
Trump Signals Potential Seizure of Kharg Island to Force Reopening of Strait of Hormuz
June 30 plunges to 30%18%
President Donald Trump publicly suggested that the U.S. could seize control of Iran's primary oil export terminal on Kharg Island to compel Tehran to reopen the Strait of Hormuz, raising market expectations of a potential shift in control.
President Trump signals possible deployment of troops to seize Kharg Island
June 30 rises to 44%3%
President Trump publicly indicated the possibility of sending US troops to seize Kharg Island to control Iran's oil exports, raising market attention and causing price volatility. However, experts warned of high risks and challenges, and no ground invasion occurred.
President Trump signals possible ground invasion of Kharg Island
June 30 drops to 28%9%
On March 30, President Trump publicly discussed the possibility of deploying U.S. troops to seize Kharg Island to control Iran's oil exports and pressure Tehran. This raised market hopes briefly but also highlighted the risks and challenges of such an operation.
President Trump signals possible US troop deployment to seize Kharg Island
June 30 drops to 39%5%
President Trump publicly discussed plans to deploy ground troops to seize Kharg Island to pressure Iran, raising market attention and causing price volatility. However, experts warned of high risks and challenges in holding the island, tempering expectations of a successful occupation.
Trump Threatens to Deploy Ground Troops to Seize Kharg Island if Strait Negotiations Fail
June 30 drops to 32%7%
President Trump publicly considered deploying ground forces to seize Kharg Island to control Iran's oil exports, briefly spiking market attention before experts highlighted the high risks of such an operation.
Trump Threatens Ground Troops for Kharg Island as Experts Warn of High Risks
June 30 drops to 30%12%
President Trump publicly considered sending ground forces to seize Kharg Island to control Iran's oil exports, but military experts warned that such an operation would risk American lives and might fail to end the war, leading to a decline in market confidence.
President Trump signals possible troop deployment to seize Kharg Island
June 30 jumps to 37%7%
President Trump publicly indicated consideration of deploying US troops to seize Kharg Island, aiming to control Iran's key oil export terminal. This announcement initially raised market expectations but also highlighted operational risks, causing price volatility.
Kharg Island continues oil operations amid increased Iranian defenses
June 30 drops to 30%8%
Despite regional tensions and US strikes, Kharg Island's oil export terminal remained operational with crude loading continuing, while Iran strengthened air defenses with man-portable air-defense systems, signaling sustained Iranian control.
Iran strengthens defenses on Kharg Island amid US military buildup
June 30 drops to 37%8%
Reports on March 27 indicated Iran had reinforced Kharg Island's defenses with man-portable air-defense systems, maintaining control despite US military pressure. This reassured markets that Iran retained control, contributing to a price decline for the 'Yes' outcome.
US plans potential seizure of Kharg Island amid troop deployments
June 30 drops to 39%6%
Reports emerged of US military planning to seize Kharg Island to control Iran's oil exports, with deployments of troops including the 82nd Airborne Division and amphibious assault ships. Despite these plans, no ground operation occurred, and the high risks of occupation kept market probabilities low.
Iran strengthens Kharg Island defenses amid US airstrikes
June 30 dips to 45%3%
Following US airstrikes on March 13 targeting Iranian military sites on Kharg Island, Iran reinforced its defenses with man-portable air-defense systems and additional troops, signaling preparation against possible US ground operations. This reduced market confidence in a quick loss of Iranian control.
Experts warn seizing Kharg Island would be difficult and costly for US troops
June 30 drops to 37%8%
Military experts and analysts cautioned that a US ground operation to seize Kharg Island would be hard to execute and hold, with high risks and unlikely to decisively end the conflict. This tempered market optimism about a quick US takeover, contributing to a price decline.
Iran strengthens air defenses on Kharg Island amid U.S. military pressure
June 30 drops to 37%8%
Reports on March 26 revealed Iran had reinforced Kharg Island's defenses with man-portable air-defense systems and additional military personnel, signaling preparation against potential U.S. ground operations. This bolstered Iranian control and reduced market expectations of a U.S. takeover.
Iran strengthens defenses on Kharg Island amid US military threats
June 30 drops to 30%6%
US intelligence reports revealed Iran had bolstered Kharg Island's air defenses with man-portable air-defense systems and increased military personnel, signaling preparation against potential US ground operations. This reinforcement reduced market confidence in a US takeover by June 30.
Iran Bolsters Defenses on Kharg Island to Counter Potential US Ground Assault
June 30 dips to 46%2%
U.S. intelligence reports revealed that Iran reinforced Kharg Island with additional military personnel, air defenses, and shoreline mines, raising the stakes and risks of any potential U.S. seizure operation.
Iran strengthens defenses on Kharg Island amid U.S. ground invasion concerns
June 30 drops to 39%5%
Reports revealed Iran had moved additional military personnel and air defenses, including man-portable air-defense systems, to Kharg Island in preparation for a possible U.S. ground operation. This buildup reduced market confidence in a successful U.S. seizure by the resolution date.
U.S. Military Evaluates Seizure of Iran's Kharg Island Amid Troop Deployments
June 30 drops to 43%5%
Reports emerged that U.S. military planners were evaluating a potential seizure of Kharg Island using helicopter and tilt-rotor deployments, causing temporary market volatility as traders weighed the likelihood of a ground invasion.
Iran builds up defenses on Kharg Island anticipating US ground attack
June 30 dips to 43%2%
Reports emerged that Iran reinforced Kharg Island with additional air defenses and traps in preparation for a possible US amphibious assault, signaling Iran's intent to maintain control. This contributed to market uncertainty and a price trough at 43%.
U.S. Military Evaluates Low-Altitude Air Assault Plan to Seize Kharg Island
June 30 dips to 45%3%
Reports emerged that U.S. military planners were accelerating troop deployments and evaluating a low-altitude helicopter and tilt-rotor insertion to seize Kharg Island. This kept the probability of a physical takeover high as the market weighed the imminent threat of a ground campaign.
Iran bolsters Kharg Island defenses with troops and new air‑defence systems
June 30 drops to 38%10%
CNN reported that Iran had moved additional troops and installed new air‑defence systems on Kharg Island, citing US intelligence. The visible strengthening of Iranian defenses lowered the market’s probability that the United States could seize the island, pushing the ‘Yes’ price sharply down.
Iran reinforces Kharg Island with additional troops, air defenses, and mines
June 30 drops to 39%5%
In response to U.S. threats and airstrikes, Iran increased its military presence on Kharg Island by deploying more personnel, man-portable air-defense systems, and laying mines. This fortification raised the difficulty of any U.S. ground operation and contributed to declining market confidence in a change of control.
Iran reinforces Kharg Island defenses amid U.S. ground attack concerns
June 30 drops to 28%11%
Iran moved additional military personnel and air defenses, including man-portable air-defense systems and laid traps on Kharg Island in preparation for a possible U.S. ground operation. This buildup increased doubts about the feasibility of a U.S. seizure and contributed to declining market probabilities.
Iran fortifies Kharg Island with mines and air defenses amid U.S. ground invasion fears
June 30 drops to 30%6%
Iran reinforced Kharg Island with additional military personnel, air defense systems including MANPADs, and laid mines anticipating a possible U.S. ground operation. This increased risks for any potential U.S. invasion and contributed to market skepticism about a change in control.
Iran strengthens Kharg Island defenses amid US invasion fears
June 30 drops to 40%6%
Iran reinforced Kharg Island with additional military personnel, air defenses including MANPADS, and laid traps in anticipation of a possible US ground operation, reducing the likelihood of a quick US seizure and causing market prices to decline.
Iran Fortifies Kharg Island Defenses to Counter Potential US Ground Assault
June 30 dips to 45%3%
U.S. intelligence reports revealed that Iran reinforced Kharg Island with additional military personnel, air defenses, and shoreline mines, raising the stakes and risks of any potential U.S. seizure operation.
Discussions emerge about US Marines seizing Kharg Island to pressure Iran
June 30 dips to 45%3%
On March 24, 2026, reports surfaced about U.S. military considerations to seize Kharg Island to cripple Iran's oil exports and force reopening of the Strait of Hormuz. This raised market hopes and caused initial price volatility, increasing the probability of loss of Iranian control.
US discusses seizing Kharg Island to pressure Iran
June 30 dips to 44%4%
Reports emerged of US military considerations to seize Kharg Island to cripple Iran's oil exports and force reopening of the Strait of Hormuz. This raised the market's probability as it suggested a possible change in control.
US President Trump considers seizing Kharg Island but faces expert warnings
June 30 drops to 37%8%
President Trump considered deploying ground troops to seize Kharg Island, but experts warned of high risks to US troops and questioned the strategic value, leading to market uncertainty and a price decline.
U.S. military and political leaders discuss options including seizing Kharg Island
June 30 dips to 44%4%
Discussions within the White House and Pentagon included military control of Kharg Island as a potential strategy to force Iran to comply, but no ground operation was launched, keeping the island under Iranian control and causing market uncertainty.
Experts warn seizing Kharg Island risks U.S. lives and may not end Iran war
June 30 drops to 39%9%
Military experts cautioned that capturing Kharg Island would be difficult to hold and might not force Iran to capitulate, tempering market optimism about a quick U.S. victory and contributing to a price decline.
Reports emerge of Iran reinforcing Kharg Island defenses against possible US ground operation
June 30 drops to 38%10%
US intelligence revealed Iran had moved additional military personnel, deployed air defenses, and laid traps on Kharg Island, increasing risks for a US seizure and lowering market confidence in loss of Iranian control.
Discussions emerge about U.S. Marines seizing Kharg Island to pressure Iran
June 30 rises to 45%1%
Reports surfaced about potential U.S. plans to use Marines to seize Kharg Island to cripple Iran's oil exports and force reopening of the Strait of Hormuz. This raised market optimism but also highlighted risks, causing initial price volatility.
Iran strengthens Kharg Island defenses amid US ground operation concerns
June 30 dips to 45%3%
Reports emerged that Iran had moved additional military personnel, deployed air defenses, and laid traps on Kharg Island in anticipation of a possible U.S. ground operation, raising the risks and reducing market confidence in a loss of Iranian control.
Reports of Iran reinforcing Kharg Island with troops and air defenses
June 30 drops to 37%11%
US intelligence revealed Iran had moved additional military personnel and installed new air-defense systems on Kharg Island, increasing the difficulty of any US ground operation and causing a sharp drop in market confidence for a loss of Iranian control.
Discussion intensifies on seizing Kharg Island to pressure Iran
June 30 dips to 45%3%
On March 24, 2026, discussions emerged about using U.S. Marines to seize Kharg Island to cripple Iran's oil exports and force reopening of the Strait of Hormuz. This raised market hopes but also highlighted the risks involved, causing initial price volatility.

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