Kharg Island, Iran's primary oil export terminal handling about 90% of its crude shipments, remains firmly under Iranian military control despite U.S. airstrikes on March 13 that targeted infrastructure amid the escalating U.S.-Israel-Iran conflict. Iranian state media released footage last week affirming the island's security, with oil exports reportedly increasing even as the Strait of Hormuz stays disrupted. President Trump's administration is weighing a high-risk ground operation or blockade to seize the facility and force Hormuz reopening, following recent U.S. overflights near the island. Experts highlight retaliation dangers, with a potential April 6 Hormuz deadline adding urgency to diplomatic or military escalation signals.
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$12,562,273 Vol.
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“No longer under the control of Iran” means that Iran no longer exercises primary governmental or military control over Kharg 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 Kharg 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.
Markt eröffnet: Mar 30, 2026, 6:29 PM ET
Resolver
0x65070BE91...“No longer under the control of Iran” means that Iran no longer exercises primary governmental or military control over Kharg 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 Kharg 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.
Resolver
0x65070BE91...Kharg Island, Iran's primary oil export terminal handling about 90% of its crude shipments, remains firmly under Iranian military control despite U.S. airstrikes on March 13 that targeted infrastructure amid the escalating U.S.-Israel-Iran conflict. Iranian state media released footage last week affirming the island's security, with oil exports reportedly increasing even as the Strait of Hormuz stays disrupted. President Trump's administration is weighing a high-risk ground operation or blockade to seize the facility and force Hormuz reopening, following recent U.S. overflights near the island. Experts highlight retaliation dangers, with a potential April 6 Hormuz deadline adding urgency to diplomatic or military escalation signals.
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