President Trump's rejection of Iran's latest proposal to mutually reopen the Strait of Hormuz in exchange for lifting the U.S. blockade underscores the ongoing diplomatic impasse driving trader sentiment in this market. The blockade, imposed in mid-April 2026 after U.S.-Iran talks collapsed amid a fragile ceasefire, continues to pressure Iran's economy while spiking global oil prices above $100 per barrel and U.S. gas costs. Recent Iranian attacks on ships in the strait amid the standoff highlight persistent tensions, with Trump praising the naval action as effective despite domestic economic backlash. No firm negotiation timeline exists, but mounting oil market strain or potential multilateral diplomacy could prompt an announcement lifting the blockade, though Trump signals readiness for prolonged enforcement.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedNo official US government or President Trump announcement was made to lift the blockade by May 15, solidifying market consensus that the blockade would continue past that date
No official US government or President Trump announcement was made to lift the blockade by May 15, solidifying market consensus that the blockade would continue past that date
No official US government or President Trump announcement lifting the blockade is made by the deadline, confirming market expectations and driving
April 30 dips to 0%3%
No official US government or President Trump announcement lifting the blockade is made by the deadline, confirming market expectations and driving
Iran offers to reopen the Strait of Hormuz if the US lifts its blockade and ends the war, but President Trump rejects the offer as insufficient, insisting on a full deal including nuclear program concessions
May 22 rises to 31%3%
This Iranian proposal briefly raised hopes for a resolution, causing a small
US military intensifies blockade enforcement, including seizing Iranian-flagged tankers and authorizing targeting of Iranian fast boats, with no indication of lifting the blockade
May 22 dips to 28%3%
Heightened military actions signaled continued blockade enforcement, reducing chances of an imminent lifting announcement.
Saudi Arabia urges the US to lift the blockade to prevent regional escalation, but no official US announcement to lift the blockade occurs, keeping market odds low
May 8 dips to 8%2%
Saudi Arabia urges the US to lift the blockade to prevent regional escalation, but no official US announcement to lift the blockade occurs, keeping market odds low
Saudi Arabia publicly urged the US to lift the blockade to avoid escalation at another chokepoint, Bab al-Mandab, but no US official statement indicated lifting the blockade,
May 15 dips to 20%2%
Saudi Arabia publicly urged the US to lift the blockade to avoid escalation at another chokepoint, Bab al-Mandab, but no US official statement indicated lifting the blockade, maintaining downward pressure on the market
President Trump directs aides to prepare for a prolonged US naval blockade of the Strait of Hormuz after failed peace talks and ongoing tensions, signaling low near-term prospects for lifting the blockade
May 22 plunges to 28%32%
This official stance reinforced expectations that the blockade would continue, driving down the probability of a May 22 lifting announcement.
President Trump directs aides to prepare for an extended blockade, underscoring a strategy of sustained pressure on Iran amid stalled diplomacy and no lifting announcement.
April 30 drops to 6%7%
This official preparation for prolonging the blockade further reduced market confidence in lifting by April 30
Trump directs aides to prepare for an extended blockade, with no indication of lifting, as peace talks remain stalled and Iran's reopening proposals are rejected
May 8 dips to 9%1%
Trump directs aides to prepare for an extended blockade, with no indication of lifting, as peace talks remain stalled and Iran's reopening proposals are rejected
US forces authorized targeting of Iranian fast boats amid heightened tensions, and Iran captured two vessels in retaliation, increasing conflict risks and reducing likelihood of
May 15 drops to 33%6%
US forces authorized targeting of Iranian fast boats amid heightened tensions, and Iran captured two vessels in retaliation, increasing conflict risks and reducing likelihood of blockade lifting soon
Iran’s Foreign Minister Seyed Abbas Araghchi announced the Strait of Hormuz was open to commercial vessels during a ceasefire, but President Trump stated the US naval blockade
May 15 jumps to 39%5%
Iran’s Foreign Minister Seyed Abbas Araghchi announced the Strait of Hormuz was open to commercial vessels during a ceasefire, but President Trump stated the US naval blockade would remain in full force until a deal is reached, signaling no imminent lifting of the blockade
President Trump authorizes US Navy to target Iranian fast boats, heightening risks of escalation and reinforcing the blockade's continuation without signs of lifting
May 8 dips to 10%4%
President Trump authorizes US Navy to target Iranian fast boats, heightening risks of escalation and reinforcing the blockade's continuation without signs of lifting
President Trump orders US Navy to "shoot and kill" any boats laying mines in the Strait of Hormuz and triples mine-clearing efforts, signaling escalation and no intention to lift
April 30 drops to 16%12%
President Trump orders US Navy to "shoot and kill" any boats laying mines in the Strait of Hormuz and triples mine-clearing efforts, signaling escalation and no intention to lift blockade soon. This hardened stance contributed to further
US forces seize an Iranian-flagged tanker attempting to evade the blockade, while Iran captures two vessels in retaliation, escalating military tensions and reducing likelihood of
May 8 dips to 14%1%
US forces seize an Iranian-flagged tanker attempting to evade the blockade, while Iran captures two vessels in retaliation, escalating military tensions and reducing likelihood of blockade lifting soon
Iran reimposes strict military control over the Strait of Hormuz, fires on merchant ships, and warns any approaching vessels will be targeted, directly responding to the ongoing
May 8 plunges to 15%37%
Iran reimposes strict military control over the Strait of Hormuz, fires on merchant ships, and warns any approaching vessels will be targeted, directly responding to the ongoing US blockade; Trump reiterates the blockade will remain in full force until a deal is reached, signaling no near-term lifting of the blockade
Iran reverses reopening of the Strait of Hormuz, resuming its blockade and firing on ships attempting passage, after the US refuses to lift its blockade of Iranian ports.
April 30 plunges to 38%25%
Trump confirms the US blockade remains fully in effect, escalating tensions and reducing odds of a near-term lifting
Iran reverses reopening of the Strait of Hormuz, fully closes it again, and fires on ships attempting passage in retaliation to the US blockade;
May 31 dips to 75%3%
Iran’s Revolutionary Guard warns vessels approaching will be targeted, heightening conflict risk and causing market uncertainty
President Trump announces immediate US naval blockade of the Strait of Hormuz following failed peace talks with Iran in Islamabad, imposing restrictions on Iranian ports and
April 30 jumps to 60%11%
President Trump announces immediate US naval blockade of the Strait of Hormuz following failed peace talks with Iran in Islamabad, imposing restrictions on Iranian ports and shipping to pressure Tehran. This initial announcement set the market near 49%-60% Yes as traders
President Trump announces immediate US naval blockade of the Strait of Hormuz after US-Iran peace talks collapse in Islamabad, citing Iran's nuclear ambitions as the deal-breaker;
May 31 surges to 83%35%
Trump orders Navy to interdict vessels paying tolls to Iran, escalating tensions and triggering initial market surge




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