This market will resolve to "Hormuz Agreement; R Senate" if a Hormuz Agreement is announced by November 2, 2026, 11:59 PM ET, and the Republican Party wins control of the United States Senate in the 2026 United States midterm election.
This market will resolve to "Hormuz Agreement; D Senate" if a Hormuz Agreement is announced by November 2, 2026, 11:59 PM ET, and the Democratic Party wins control of the United States Senate in the 2026 United States midterm election.
This market will resolve to "No Hormuz Agreement" immediately if a Hormuz Agreement is not announced by November 2, 2026, 11:59 PM ET.
Hormuz Agreement: A "Hormuz Agreement" will be considered to have occurred if a diplomatic agreement between the United States and Iran over traffic in the Strait of Hormuz is announced by November 2, 2026, 11:59 PM ET.
A diplomatic agreement refers to an official agreement, treaty, deal, or substantially similar diplomatic instrument that establishes agreed actions, policies, obligations, or commitments between the United States and Iran.
A qualifying diplomatic agreement must establish Iranian policies, obligations, or commitments aimed at permitting, restoring, or increasing ves