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icon for Farsi, Hengam, Hormuz or Kharg Island no longer under Iranian control by...?

Farsi, Hengam, Hormuz or Kharg Island no longer under Iranian control by...?

icon for Farsi, Hengam, Hormuz or Kharg Island no longer under Iranian control by...?

Farsi, Hengam, Hormuz or Kharg Island no longer under Iranian control by...?

$106,421 Vol.

Aug 31, 2026
Polymarket

$106,421 Vol.

Polymarket

August 31

$37,073 Vol.

1%

September 30

$69,348 Vol.

3%

This market will resolve to "Yes" if at least one of the specified islands is no longer under Iranian control by the specified date, 11:59 PM ET. Otherwise, this market will resolve to "No". The islands that will be considered for resolution are: Farsi Island, Hengam Island, Hormuz Island and Kharg Island. "No longer under the control of Iran" means that Iran no longer exercises primary governmental or military control over at least one of the specified islands, and another state, occupying force, or internationally backed authority has established control. Temporary raids, isolated landings, special operations, bombardment, sabotage, naval presence offshore, or temporary disruption of Iranian activity will not qualify on their own. An announcement, threat, or claim that Iran has lost control will not qualify without actual control being established. If control changes pursuant to a negotiated settlement, ceasefire term, surrender, or transfer agreement, this will qualify only once actual control has been established on the island. If control over at least one of the specified islands is contested, unclear, disputed, or not sufficiently established by the resolution date, this will not qualify, and the market will resolve to "No". The primary resolution source will be official statements from the relevant governments and militaries, along with a consensus of credible reporting.Escalating U.S.-Iran military tensions, including March 2026 strikes on Kharg Island's military sites while sparing its oil export terminal, represent the core driver of trader sentiment around potential shifts in control of Farsi, Hengam, Hormuz, and Kharg. Kharg processes roughly 90% of Iran's crude exports—primarily to China—making any loss of sovereignty a direct hit to Tehran's revenue and global supply chains. The Strait of Hormuz, handling about 20% of seaborne oil trade, amplifies risks to Brent and WTI benchmarks, tanker insurance rates, and energy volatility measures. Ongoing considerations of blockades or seizures have sustained elevated geopolitical risk premiums in commodity markets, with upcoming catalysts tied to further FOMC-influenced rate paths and any de-escalation talks that could stabilize or disrupt flows.

This market will resolve to "Yes" if at least one of the specified islands is no longer under Iranian control by the specified date, 11:59 PM ET. Otherwise, this market will resolve to "No".

The islands that will be considered for resolution are: Farsi Island, Hengam Island, Hormuz Island and Kharg Island.

"No longer under the control of Iran" means that Iran no longer exercises primary governmental or military control over at least one of the specified islands, and another state, occupying force, or internationally backed authority has established control.

Temporary raids, isolated landings, special operations, bombardment, sabotage, naval presence offshore, or temporary disruption of Iranian activity will not qualify on their own.

An announcement, threat, or claim that Iran has lost control will not qualify without actual control being established.

If control changes pursuant to a negotiated settlement, ceasefire term, surrender, or transfer agreement, this will qualify only once actual control has been established on the island.

If control over at least one of the specified islands is contested, unclear, disputed, or not sufficiently established by the resolution date, this will not qualify, and the market will resolve to "No".

The primary resolution source will be official statements from the relevant governments and militaries, along with a consensus of credible reporting.
Volume
$106,421
End Date
Oct 1, 2026
Market Opened
Aug 4, 2026, 8:03 PM ET
This market will resolve to "Yes" if at least one of the specified islands is no longer under Iranian control by the specified date, 11:59 PM ET. Otherwise, this market will resolve to "No". The islands that will be considered for resolution are: Farsi Island, Hengam Island, Hormuz Island and Kharg Island. "No longer under the control of Iran" means that Iran no longer exercises primary governmental or military control over at least one of the specified islands, and another state, occupying force, or internationally backed authority has established control. Temporary raids, isolated landings, special operations, bombardment, sabotage, naval presence offshore, or temporary disruption of Iranian activity will not qualify on their own. An announcement, threat, or claim that Iran has lost control will not qualify without actual control being established. If control changes pursuant to a negotiated settlement, ceasefire term, surrender, or transfer agreement, this will qualify only once actual control has been established on the island. If control over at least one of the specified islands is contested, unclear, disputed, or not sufficiently established by the resolution date, this will not qualify, and the market will resolve to "No". The primary resolution source will be official statements from the relevant governments and militaries, along with a consensus of credible reporting.
This market will resolve to "Yes" if at least one of the specified islands is no longer under Iranian control by the specified date, 11:59 PM ET. Otherwise, this market will resolve to "No". The islands that will be considered for resolution are: Farsi Island, Hengam Island, Hormuz Island and Kharg Island. "No longer under the control of Iran" means that Iran no longer exercises primary governmental or military control over at least one of the specified islands, and another state, occupying force, or internationally backed authority has established control. Temporary raids, isolated landings, special operations, bombardment, sabotage, naval presence offshore, or temporary disruption of Iranian activity will not qualify on their own. An announcement, threat, or claim that Iran has lost control will not qualify without actual control being established. If control changes pursuant to a negotiated settlement, ceasefire term, surrender, or transfer agreement, this will qualify only once actual control has been established on the island. If control over at least one of the specified islands is contested, unclear, disputed, or not sufficiently established by the resolution date, this will not qualify, and the market will resolve to "No". The primary resolution source will be official statements from the relevant governments and militaries, along with a consensus of credible reporting.Escalating U.S.-Iran military tensions, including March 2026 strikes on Kharg Island's military sites while sparing its oil export terminal, represent the core driver of trader sentiment around potential shifts in control of Farsi, Hengam, Hormuz, and Kharg. Kharg processes roughly 90% of Iran's crude exports—primarily to China—making any loss of sovereignty a direct hit to Tehran's revenue and global supply chains. The Strait of Hormuz, handling about 20% of seaborne oil trade, amplifies risks to Brent and WTI benchmarks, tanker insurance rates, and energy volatility measures. Ongoing considerations of blockades or seizures have sustained elevated geopolitical risk premiums in commodity markets, with upcoming catalysts tied to further FOMC-influenced rate paths and any de-escalation talks that could stabilize or disrupt flows.

This market will resolve to "Yes" if at least one of the specified islands is no longer under Iranian control by the specified date, 11:59 PM ET. Otherwise, this market will resolve to "No".

The islands that will be considered for resolution are: Farsi Island, Hengam Island, Hormuz Island and Kharg Island.

"No longer under the control of Iran" means that Iran no longer exercises primary governmental or military control over at least one of the specified islands, and another state, occupying force, or internationally backed authority has established control.

Temporary raids, isolated landings, special operations, bombardment, sabotage, naval presence offshore, or temporary disruption of Iranian activity will not qualify on their own.

An announcement, threat, or claim that Iran has lost control will not qualify without actual control being established.

If control changes pursuant to a negotiated settlement, ceasefire term, surrender, or transfer agreement, this will qualify only once actual control has been established on the island.

If control over at least one of the specified islands is contested, unclear, disputed, or not sufficiently established by the resolution date, this will not qualify, and the market will resolve to "No".

The primary resolution source will be official statements from the relevant governments and militaries, along with a consensus of credible reporting.
Volume
$106,421
End Date
Oct 1, 2026
Market Opened
Aug 4, 2026, 8:03 PM ET
This market will resolve to "Yes" if at least one of the specified islands is no longer under Iranian control by the specified date, 11:59 PM ET. Otherwise, this market will resolve to "No". The islands that will be considered for resolution are: Farsi Island, Hengam Island, Hormuz Island and Kharg Island. "No longer under the control of Iran" means that Iran no longer exercises primary governmental or military control over at least one of the specified islands, and another state, occupying force, or internationally backed authority has established control. Temporary raids, isolated landings, special operations, bombardment, sabotage, naval presence offshore, or temporary disruption of Iranian activity will not qualify on their own. An announcement, threat, or claim that Iran has lost control will not qualify without actual control being established. If control changes pursuant to a negotiated settlement, ceasefire term, surrender, or transfer agreement, this will qualify only once actual control has been established on the island. If control over at least one of the specified islands is contested, unclear, disputed, or not sufficiently established by the resolution date, this will not qualify, and the market will resolve to "No". The primary resolution source will be official statements from the relevant governments and militaries, along with a consensus of credible reporting.

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Frequently Asked Questions

"Farsi, Hengam, Hormuz or Kharg Island no longer under Iranian control by...?" is a prediction market on Polymarket with 2 possible outcomes where traders buy and sell shares based on what they believe will happen. The current leading outcome is "September 30" at 3%, followed by "August 31" at 1%. Prices reflect real-time crowd-sourced probabilities. For example, a share priced at 3¢ implies that the market collectively assigns a 3% chance to that outcome. These odds shift continuously as traders react to new developments and information. Shares in the correct outcome are redeemable for $1 each upon market resolution.

As of today, "Farsi, Hengam, Hormuz or Kharg Island no longer under Iranian control by...?" has generated $106.4K in total trading volume since the market launched on Aug 4, 2026. This level of trading activity reflects strong engagement from the Polymarket community and helps ensure that the current odds are informed by a deep pool of market participants. You can track live price movements and trade on any outcome directly on this page.

To trade on "Farsi, Hengam, Hormuz or Kharg Island no longer under Iranian control by...?," browse the 2 available outcomes listed on this page. Each outcome displays a current price representing the market's implied probability. To take a position, select the outcome you believe is most likely, choose "Yes" to trade in favor of it or "No" to trade against it, enter your amount, and click "Trade." If your chosen outcome is correct when the market resolves, your "Yes" shares pay out $1 each. If it's incorrect, they pay out $0. You can also sell your shares at any time before resolution if you want to lock in a profit or cut a loss.

This is a wide-open market. The current leader for "Farsi, Hengam, Hormuz or Kharg Island no longer under Iranian control by...?" is "September 30" at just 3%, with "August 31" close behind at 1%. With no outcome commanding a strong majority, traders see this as highly uncertain, which can present unique trading opportunities. These odds update in real-time, so bookmark this page to watch how the probabilities evolve.

The resolution rules for "Farsi, Hengam, Hormuz or Kharg Island no longer under Iranian control by...?" define exactly what needs to happen for each outcome to be declared a winner — including the official data sources used to determine the result. You can review the complete resolution criteria in the "Rules" section on this page above the comments. We recommend reading the rules carefully before trading, as they specify the precise conditions, edge cases, and sources that govern how this market is settled.