US strikes on Iranian military targets and oil tankers near Kharg Island in March, April, and early September 2026 have damaged defenses and disrupted shipping without establishing foreign control over the island, which handles the bulk of Iran's crude exports. President Trump has repeatedly threatened seizure or blockade to pressure Tehran over Strait of Hormuz access, while US forces have targeted vessels and launchers in the area amid the broader US-Iran conflict that began in late February. Iran reports continued loadings and repairs despite repeated strikes, with no confirmed occupation or transfer of authority. Trader consensus reflects these patterns, assigning low probability to loss of Iranian governmental or military control by near-term resolution dates absent a major escalation or ground operation. Scheduled diplomatic talks or further naval exchanges could shift positioning if they alter the status of the Persian Gulf facility.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedSatellite imagery confirms continued Iranian control and operation of Kharg Island oil terminals
July 31 dips to 0%1%
Satellite images showed tanker congestion and ongoing oil loading activities at Kharg Island, indicating Iran maintained operational control of the island's critical oil export facilities through the end of July 2026.
No Official Change in Control of Kharg Island by Resolution Date
July 31 dips to 0%2%
Despite ongoing military threats and strikes, no credible reports or official statements confirmed that Iran lost control of Kharg Island by the resolution date, leading to the market resolving toward 'No' for control change.



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