- Farsi Island no longer under Iranian control by October 31?<1¢<1%
- Farsi Island no longer under Iranian control by December 31?5¢5%
Ongoing US-Iran military tensions in the Persian Gulf, centered on the Strait of Hormuz, have produced repeated strikes on Iranian military and oil facilities since February 2026, including recent reported US actions near Qeshm Island, Bandar-e Jask, and Kharg Island. These operations have targeted air defenses, naval bases, and related infrastructure, with Iranian sources confirming explosions, drone intercepts, and damage to support sites while noting repairs and continued IRGC operations at nearby bases. Farsi Island, a small IRGC naval outpost, has not faced reported occupation, seizure, or transfer of primary governmental or military authority. Diplomatic disputes over other Gulf islands persist without altering control of Farsi. Upcoming developments, such as further strikes, naval movements, or ceasefire talks, could influence outcomes, though current evidence points to sustained Iranian control absent a major escalation involving ground forces.
Rules
This market will resolve to "Yes" if Farsi Island is no longer under Iranian control by the specified date, 11:59 PM ET. Otherwise, this market will resolve to "No". "No longer under the control of Iran" means that Iran no longer exercises primary governmental or military control over Farsi Island, and another state, occupying force, or internationally backed authority has established control over the island. 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 Farsi Island 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.