This market resolves to Yes if a written diplomatic instrument between the United States and Iran that establishes a commitment for Iranian-controlled enriched uranium to be downblended or diluted has been mutually signed or otherwise formally adopted by December 31, 2026, 11:59 PM ET. Otherwise, this market resolves to No. A qualifying written instrument must provide for any quantity of enriched uranium held by Iran to be downblended or diluted to a lower enrichment level. The establishment of an enrichment cap or an enrichment moratorium, without a commitment to downblend or dilute already enriched uranium, will not qualify. The instrument must require the dilution to occur within Iran, or for the diluted material to be returned to Iranian control, having been dilated or downblended elsewhere. Iran need not carry out the downblending or dilution itself; a commitment for a third-party entity (e.g., the IAEA) to perform it will qualify. A commitment to remove enriched uranium from I
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