The June 2026 U.S.-Iran memorandum of understanding prompted OFAC’s General License X, a 60-day waiver authorizing dollar-denominated sales of Iranian crude, petroleum products, and petrochemicals through August 21 and unlocking an estimated 67 million barrels of previously stranded supply worth $8–9 billion. Revocation on July 7 following IRGC tanker attacks in the Strait of Hormuz reversed that relief, tightening export channels and supporting firmer Brent and WTI benchmarks. Subsequent August Treasury designations under Operation Economic Outcast targeting the shadow fleet and Iranian energy entities have reinforced enforcement, while any reissuance remains contingent on verifiable progress in nuclear inspections, Hormuz transit, and broader talks. Traders monitor OFAC actions and global oil inventories for signals on renewed waivers.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated$342,444 Vol.
Sep 30, 2026
September 30
7%
$342,444 Vol.
September 30
$12,173 Vol.
7%
On July 7, 2026, the United States revoked a sanctions waiver, “General License X,” which allowed for the sale of Iranian oil (see: https://thehill.com/policy/energy-environment/5957647-iran-oil-sanctions-waiver-strait-of-hormuz/).
This market will resolve to “Yes” if the United States federal government issues a waiver, license, or equivalent sanctions-relief mechanism lifting US sanctions on the sale of Iranian oil, petrochemical products, or petroleum products by the specified date, 11:59 PM ET. Otherwise this market will resolve to “No”.
Actions which direct partial or full sanction relief will both qualify. However, qualifying actions must reverse, remove, waive, or suspend US penalties on the sale of Iranian oil, petrochemical products, or petroleum products, in whole or in part.
Qualifying actions need not be permanent; temporary suspensions of sanctions will qualify. Relief issued for either primary or secondary sanctions will qualify. A re-issuance of the initial waiver will qualify. The full removal of any sanction on the sale of Iranian oil, petrochemical products, or petroleum products will also qualify.
Continued sales of Iranian oil allowed during the wind-down period under this revocation order will not qualify. Mere extensions of the wind-down period, without issuance of a new qualifying sanctions-relief action, will not qualify.
Once a qualifying sanctions relief action has been taken, this market will resolve to “Yes,” regardless of any subsequent revocation.
The primary resolution source for this market will be official information from the United States federal government.The June 2026 U.S.-Iran memorandum of understanding prompted OFAC’s General License X, a 60-day waiver authorizing dollar-denominated sales of Iranian crude, petroleum products, and petrochemicals through August 21 and unlocking an estimated 67 million barrels of previously stranded supply worth $8–9 billion. Revocation on July 7 following IRGC tanker attacks in the Strait of Hormuz reversed that relief, tightening export channels and supporting firmer Brent and WTI benchmarks. Subsequent August Treasury designations under Operation Economic Outcast targeting the shadow fleet and Iranian energy entities have reinforced enforcement, while any reissuance remains contingent on verifiable progress in nuclear inspections, Hormuz transit, and broader talks. Traders monitor OFAC actions and global oil inventories for signals on renewed waivers.
On July 7, 2026, the United States revoked a sanctions waiver, “General License X,” which allowed for the sale of Iranian oil (see: https://thehill.com/policy/energy-environment/5957647-iran-oil-sanctions-waiver-strait-of-hormuz/).
This market will resolve to “Yes” if the United States federal government issues a waiver, license, or equivalent sanctions-relief mechanism lifting US sanctions on the sale of Iranian oil, petrochemical products, or petroleum products by the specified date, 11:59 PM ET. Otherwise this market will resolve to “No”.
Actions which direct partial or full sanction relief will both qualify. However, qualifying actions must reverse, remove, waive, or suspend US penalties on the sale of Iranian oil, petrochemical products, or petroleum products, in whole or in part.
Qualifying actions need not be permanent; temporary suspensions of sanctions will qualify. Relief issued for either primary or secondary sanctions will qualify. A re-issuance of the initial waiver will qualify. The full removal of any sanction on the sale of Iranian oil, petrochemical products, or petroleum products will also qualify.
Continued sales of Iranian oil allowed during the wind-down period under this revocation order will not qualify. Mere extensions of the wind-down period, without issuance of a new qualifying sanctions-relief action, will not qualify.
Once a qualifying sanctions relief action has been taken, this market will resolve to “Yes,” regardless of any subsequent revocation.
The primary resolution source for this market will be official information from the United States federal government.
This market will resolve to “Yes” if the United States federal government issues a waiver, license, or equivalent sanctions-relief mechanism lifting US sanctions on the sale of Iranian oil, petrochemical products, or petroleum products by the specified date, 11:59 PM ET. Otherwise this market will resolve to “No”.
Actions which direct partial or full sanction relief will both qualify. However, qualifying actions must reverse, remove, waive, or suspend US penalties on the sale of Iranian oil, petrochemical products, or petroleum products, in whole or in part.
Qualifying actions need not be permanent; temporary suspensions of sanctions will qualify. Relief issued for either primary or secondary sanctions will qualify. A re-issuance of the initial waiver will qualify. The full removal of any sanction on the sale of Iranian oil, petrochemical products, or petroleum products will also qualify.
Continued sales of Iranian oil allowed during the wind-down period under this revocation order will not qualify. Mere extensions of the wind-down period, without issuance of a new qualifying sanctions-relief action, will not qualify.
Once a qualifying sanctions relief action has been taken, this market will resolve to “Yes,” regardless of any subsequent revocation.
The primary resolution source for this market will be official information from the United States federal government.
Market Opened: Aug 26, 2026, 10:59 AM ET
Volume
$342,444End Date
Oct 1, 2026Market Opened
Aug 26, 2026, 10:59 AM ETResolver
0x65070BE91...On July 7, 2026, the United States revoked a sanctions waiver, “General License X,” which allowed for the sale of Iranian oil (see: https://thehill.com/policy/energy-environment/5957647-iran-oil-sanctions-waiver-strait-of-hormuz/).
This market will resolve to “Yes” if the United States federal government issues a waiver, license, or equivalent sanctions-relief mechanism lifting US sanctions on the sale of Iranian oil, petrochemical products, or petroleum products by the specified date, 11:59 PM ET. Otherwise this market will resolve to “No”.
Actions which direct partial or full sanction relief will both qualify. However, qualifying actions must reverse, remove, waive, or suspend US penalties on the sale of Iranian oil, petrochemical products, or petroleum products, in whole or in part.
Qualifying actions need not be permanent; temporary suspensions of sanctions will qualify. Relief issued for either primary or secondary sanctions will qualify. A re-issuance of the initial waiver will qualify. The full removal of any sanction on the sale of Iranian oil, petrochemical products, or petroleum products will also qualify.
Continued sales of Iranian oil allowed during the wind-down period under this revocation order will not qualify. Mere extensions of the wind-down period, without issuance of a new qualifying sanctions-relief action, will not qualify.
Once a qualifying sanctions relief action has been taken, this market will resolve to “Yes,” regardless of any subsequent revocation.
The primary resolution source for this market will be official information from the United States federal government.The June 2026 U.S.-Iran memorandum of understanding prompted OFAC’s General License X, a 60-day waiver authorizing dollar-denominated sales of Iranian crude, petroleum products, and petrochemicals through August 21 and unlocking an estimated 67 million barrels of previously stranded supply worth $8–9 billion. Revocation on July 7 following IRGC tanker attacks in the Strait of Hormuz reversed that relief, tightening export channels and supporting firmer Brent and WTI benchmarks. Subsequent August Treasury designations under Operation Economic Outcast targeting the shadow fleet and Iranian energy entities have reinforced enforcement, while any reissuance remains contingent on verifiable progress in nuclear inspections, Hormuz transit, and broader talks. Traders monitor OFAC actions and global oil inventories for signals on renewed waivers.
On July 7, 2026, the United States revoked a sanctions waiver, “General License X,” which allowed for the sale of Iranian oil (see: https://thehill.com/policy/energy-environment/5957647-iran-oil-sanctions-waiver-strait-of-hormuz/).
This market will resolve to “Yes” if the United States federal government issues a waiver, license, or equivalent sanctions-relief mechanism lifting US sanctions on the sale of Iranian oil, petrochemical products, or petroleum products by the specified date, 11:59 PM ET. Otherwise this market will resolve to “No”.
Actions which direct partial or full sanction relief will both qualify. However, qualifying actions must reverse, remove, waive, or suspend US penalties on the sale of Iranian oil, petrochemical products, or petroleum products, in whole or in part.
Qualifying actions need not be permanent; temporary suspensions of sanctions will qualify. Relief issued for either primary or secondary sanctions will qualify. A re-issuance of the initial waiver will qualify. The full removal of any sanction on the sale of Iranian oil, petrochemical products, or petroleum products will also qualify.
Continued sales of Iranian oil allowed during the wind-down period under this revocation order will not qualify. Mere extensions of the wind-down period, without issuance of a new qualifying sanctions-relief action, will not qualify.
Once a qualifying sanctions relief action has been taken, this market will resolve to “Yes,” regardless of any subsequent revocation.
The primary resolution source for this market will be official information from the United States federal government.
This market will resolve to “Yes” if the United States federal government issues a waiver, license, or equivalent sanctions-relief mechanism lifting US sanctions on the sale of Iranian oil, petrochemical products, or petroleum products by the specified date, 11:59 PM ET. Otherwise this market will resolve to “No”.
Actions which direct partial or full sanction relief will both qualify. However, qualifying actions must reverse, remove, waive, or suspend US penalties on the sale of Iranian oil, petrochemical products, or petroleum products, in whole or in part.
Qualifying actions need not be permanent; temporary suspensions of sanctions will qualify. Relief issued for either primary or secondary sanctions will qualify. A re-issuance of the initial waiver will qualify. The full removal of any sanction on the sale of Iranian oil, petrochemical products, or petroleum products will also qualify.
Continued sales of Iranian oil allowed during the wind-down period under this revocation order will not qualify. Mere extensions of the wind-down period, without issuance of a new qualifying sanctions-relief action, will not qualify.
Once a qualifying sanctions relief action has been taken, this market will resolve to “Yes,” regardless of any subsequent revocation.
The primary resolution source for this market will be official information from the United States federal government.
Volume
$342,444End Date
Oct 1, 2026Market Opened
Aug 26, 2026, 10:59 AM ETResolver
0x65070BE91...The June 2026 U.S.-Iran memorandum of understanding prompted OFAC’s General License X, a 60-day waiver authorizing dollar-denominated sales of Iranian crude, petroleum products, and petrochemicals through August 21 and unlocking an estimated 67 million barrels of previously stranded supply worth $8–9 billion. Revocation on July 7 following IRGC tanker attacks in the Strait of Hormuz reversed that relief, tightening export channels and supporting firmer Brent and WTI benchmarks. Subsequent August Treasury designations under Operation Economic Outcast targeting the shadow fleet and Iranian energy entities have reinforced enforcement, while any reissuance remains contingent on verifiable progress in nuclear inspections, Hormuz transit, and broader talks. Traders monitor OFAC actions and global oil inventories for signals on renewed waivers.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated
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