The Iranian rial continues to depreciate amid the ongoing US-Israel military conflict that escalated with joint strikes on February 28, 2026, and Iran's subsequent closure of the Strait of Hormuz on March 4, stranding oil exports and spiking global crude prices above $100 per barrel. Free-market exchange rates have stabilized near 1.57 million IRR per USD after hitting record lows beyond 1.6 million earlier this year, driven by tightened US sanctions, economic unrest, and disrupted revenues despite high oil demand. Recent US sanctions waivers redirecting Iranian crude to India offer minor relief, but stalled indirect nuclear talks in Geneva signal persistent diplomatic deadlock. Traders eye potential de-escalation, peace negotiations, or further Strait disruptions before the April 30 resolution.
Experimental AI-generated summary referencing Polymarket data · Updated$10,099 Vol.
↑ 1.8M
26%
↑ 1.7M
50%
↑ 1.6M
89%
↓ 1.5M
56%
↓ 1.4M
52%
↓ 1.3M
12%
$10,099 Vol.
↑ 1.8M
26%
↑ 1.7M
50%
↑ 1.6M
89%
↓ 1.5M
56%
↓ 1.4M
52%
↓ 1.3M
12%
This market will resolve according to the daily finalized free-market USD exchange rate as displayed on Bonbast (https://www.bonbast.com/graph/usd), which publishes prices in Iranian toman, where 1 Iranian toman equals 10 Iranian rials (IRR).
A daily figure will be considered finalized once the following day’s figure is released.
Revisions or corrections to daily figures indicating a qualifying exchange rate will be considered only if they occur before all relevant figures for this market have been finalized.
The resolution source for this market will be Bonbast (https://www.bonbast.com/graph/usd). Resolution will occur once the final exchange rate data point of the specified timeframe is finalized. If the resolution source becomes permanently unavailable, another resolution source will be chosen.
Market Opened: Mar 27, 2026, 7:21 PM ET
Resolver
0x65070BE91...This market will resolve according to the daily finalized free-market USD exchange rate as displayed on Bonbast (https://www.bonbast.com/graph/usd), which publishes prices in Iranian toman, where 1 Iranian toman equals 10 Iranian rials (IRR).
A daily figure will be considered finalized once the following day’s figure is released.
Revisions or corrections to daily figures indicating a qualifying exchange rate will be considered only if they occur before all relevant figures for this market have been finalized.
The resolution source for this market will be Bonbast (https://www.bonbast.com/graph/usd). Resolution will occur once the final exchange rate data point of the specified timeframe is finalized. If the resolution source becomes permanently unavailable, another resolution source will be chosen.
Resolver
0x65070BE91...The Iranian rial continues to depreciate amid the ongoing US-Israel military conflict that escalated with joint strikes on February 28, 2026, and Iran's subsequent closure of the Strait of Hormuz on March 4, stranding oil exports and spiking global crude prices above $100 per barrel. Free-market exchange rates have stabilized near 1.57 million IRR per USD after hitting record lows beyond 1.6 million earlier this year, driven by tightened US sanctions, economic unrest, and disrupted revenues despite high oil demand. Recent US sanctions waivers redirecting Iranian crude to India offer minor relief, but stalled indirect nuclear talks in Geneva signal persistent diplomatic deadlock. Traders eye potential de-escalation, peace negotiations, or further Strait disruptions before the April 30 resolution.
Experimental AI-generated summary referencing Polymarket data · Updated



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