The question and its conditions

This market will resolve to "Hormuz Agreement; R Senate" if a Hormuz Agreement is announced by October 23, 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 October 23, 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 October 23, 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 October 23, 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 vessel or shipping traffic through the Strait of Hormuz.

All listed countries must announce their acceptance of the same qualifying diplomatic agreement for the Hormuz Agreement component 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 th

The description above comes from the event’s source. This page is a market snapshot; a researched Outlook analysis has not been published for this event.

How to read the market

Each quoted percentage is an implied probability from a particular contract’s trading price. Different outcomes may have different conditions or deadlines. Do not add percentages together unless those contracts cover mutually exclusive, exhaustive outcomes.

High volume measures trading attention. It does not establish that a forecast is correct. Check the resolution wording, the deadline and the liquidity alongside the headline price.

Read the original event and rules on Polymarket ↗