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This market will resolve to Yes if a diplomatic agreement between Oman and Iran over traffic in the strait of Hormuz is announced by the specified date, 11:59 PM ET. A diplomatic agreement refers to an official agreement, treaty, deal, or substantially similar diplomatic instrument that establishes agreed actions, policies, obligations, or commitments between Oman and Iran. A qualifying diplomatic agreement must establish Iranian or Omani policies, obligations, or commitments aimed at managing, permitting, restoring, or increasing vessel or shipping traffic through the Strait of Hormuz, including agreements defining vessel traffic corridors, fee collection policies, or other management policies. All listed countries must announce their acceptance of the same qualifying diplomatic agreement for the Payout Condition to be met. A joint announcement will qualify, as will separate announcements from each entity of its own acceptance of an agreement which, taken together, directly indicat
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