# Traffic through the Strait of Hormuz? (8/24 - 8/30)

8/24 - 8/30

Updated: August 26, 2026

Category: Politics

Tags: Iran

HTML: /markets/politics/iran/traffic-through-the-strait-of-hormuz-8-24-8-30/

## Short Answer

**Key takeaway.** Both the **model** and the **market** expect Above 10 traffic through the Strait of Hormuz for 8/24 - 8/30, with no compelling evidence of mispricing.

## Key Claims (August 2026)

**- - Traffic through the Strait remains severely depressed, with daily transits at multi-year lows.** - Ongoing U.S.-Iran conflict has effectively halted commercial shipping since February 2026.

## Executive Verdict

**Key takeaway.** **Model** (**45.2%**) slightly above 43c **market** price, implies 2.3x payout on severely depressed traffic.

### Who Wins and Why

| Outcome | Market | Model | Why |
| --- | --- | --- | --- |
| Above 30 | 43.0% | 45.2% | Traffic through the Strait of Hormuz is expected to remain severely depressed. |
| Above 35 | 27.0% | 27.0% | Traffic through the Strait of Hormuz is expected to remain severely depressed. |
| Above 25 | 76.0% | 73.6% | Traffic through the Strait of Hormuz is expected to remain severely depressed. |

## Model vs Market

| Outcome | Market Probability | Octagon Model Probability |
| --- | --- | --- |
| Above 30 | 43.0% | 45.2% |
| Above 35 | 27.0% | 27.0% |
| Above 25 | 76.0% | 73.6% |
| Above 40 | 12.0% | 16.0% |
| Above 45 | 14.0% | 9.4% |
| Above 20 | 94.0% | 99.5% |
| Above 50 | 9.0% | 5.6% |
| Above 75 | 10.0% | 0.5% |
| Above 15 | 99.0% | 99.5% |
| Above 100 | 7.0% | 0.5% |
| Above 10 | 99.0% | 99.5% |

- Expiration: September 1, 2026

## Market Behavior & Drivers

The contract predicting traffic levels through the Strait of Hormuz has been defined by high volatility and a sharp upward repricing from its initial 3.0% probability. The market traded in a wide range, between 3.0% and 75.0%, before settling at its current level of 43.0%. The price action has been event-driven, reacting sharply to news flow concerning negotiations and official statements. The market experienced several significant price swings, including a 23.0 percentage point spike on August 21 and a subsequent 22.0 point spike on August 23. This latter move was likely driven by speculative optimism regarding talks between Iran and Oman for a temporary maritime corridor.

The market's bullish trend reversed mid-week. After reaching a peak of 55.0% on August 25, the probability fell. A key driver for this downturn was the August 26 announcement by Iranian authorities that the strait remained closed, which pushed the contract down 9.0 percentage points to 43.0%. This price action suggests that initial optimism about a diplomatic resolution has been tempered by official statements and reports of continued low transit volumes, with commercial traffic reported at fewer than 20 vessels per day over the August 24-26 period. Volume data indicates market participation increased alongside the volatility, with trading activity picking up around the most recent price drop, suggesting greater conviction behind the move. The market appears to be pricing in a sustained period of disruption.

## Significant Price Movements

### Outcome: Above 30

#### 📉 August 26, 2026: 9.0pp drop

Price decreased from 52.0% to 43.0%

**What happened:** On August 26, 2026, the primary driver for the 9.0 percentage point drop in the "Above 30" outcome was the announcement by Iranian authorities that the Strait of Hormuz remained effectively closed, despite ongoing negotiations for a temporary maritime corridor with Oman [[^]](https://www.arabnews.com/node/2655870/middle-east)[[^]](https://www.aljazeera.com/news/liveblog/2026/8/26/iran-war-live-iran-says-hormuz-remains-closed-despite-oman-rout-deal)[[^]](https://www.japantimes.co.jp/news/2026/08/26/world/politics/iran-oman-interim-reopening-hormuz/). This statement, reported across major news outlets, directly reinforced the expectation of continued severely reduced commercial vessel traffic, which had been at single-digit or low-teen daily levels throughout mid-to-late August [[^]](https://www.thenationalnews.com/business/energy/2026/08/17/hormuz-traffic-falls-to-single-digits-as-60-day-deadline-for-us-iran-mou-expires/)[[^]](https://www.arabnews.com/node/2655870/middle-east). The news coincided directly with the market movement, causing a significant decline in confidence that traffic would surpass 30 vessels. Social media was not a primary driver in this specific market movement.

#### 📈 August 23, 2026: 22.0pp spike

Price increased from 26.0% to 48.0%

**What happened:** The 22.0 percentage point spike in the prediction market on August 23, 2026, likely stemmed from speculative optimism surrounding perceived progress in the "ongoing Iran-Oman talks" regarding a "temporary joint maritime corridor" [[^]](https://www.reuters.com/business/energy/fewer-than-20-ships-transit-key-strait-hormuz-over-weekend-data-shows-2026-08-24/)[[^]](https://www.japantimes.co.jp/news/2026/08/26/world/politics/iran-oman-interim-reopening-hormuz/)[[^]](https://www.congress.gov/crs-product/R45281)[[^]](https://www.congress.gov/crs_external_products/R/HTML/R45281.html). While specific social media posts or breaking news on that exact date are not provided, an unconfirmed report or rumor of an imminent agreement may have circulated, temporarily boosting expectations of traffic rising "Above 30" for the August 24-30 period [[^]](https://www.reuters.com/business/energy/fewer-than-20-ships-transit-key-strait-hormuz-over-weekend-data-shows-2026-08-24/). However, this proved premature, as actual traffic remained severely suppressed, and Iranian officials explicitly stated the strait was still closed [[^]](https://www.reuters.com/business/energy/fewer-than-20-ships-transit-key-strait-hormuz-over-weekend-data-shows-2026-08-24/)[[^]](https://www.arabnews.com/node/2655870/middle-east). Given the lack of specific, dated social media evidence, its role was likely an unconfirmed accelerant for unverified rumors, rather than a primary driver based on concrete statements.

### Outcome: Above 45

#### 📉 August 25, 2026: 79.0pp drop

Price decreased from 86.0% to 7.0%

**What happened:** The primary driver of the 79.0 percentage point drop for the "Above 45" outcome on August 25, 2026, was a series of traditional news reports indicating severely restricted traffic through the Strait of Hormuz. On August 24, 2026, Iran announced it had blacklisted 45 tankers and imposed new transit rules, threatening fines and cargo confiscation [[^]](https://oilprice.com/Energy/Energy-General/Iran-Blacklists-45-Tankers-as-Hormuz-Standoff-Escalates.html)[[^]](https://www.shipuniverse.com/news/weekend-hormuz-update-as-iran-blacklists-45-tankers-and-strait-traffic-falls-90-below-normal/). This official action was immediately followed by reports on August 25, 2026, confirming that direct vessel traffic was approximately 90% below pre-conflict levels, with only five commodity vessels transiting that day [[^]](https://gulfnews.com/world/mena/ship-to-ship-transfers-keep-gulf-oil-moving-outside-hormuz-as-direct-traffic-hits-multi-month-low-1.500652385)[[^]](https://www.reuters.com/business/energy/fewer-than-20-ships-transit-key-strait-hormuz-over-weekend-data-shows-2026-08-24/)[[^]](https://www.thehindu.com/news/international/gulf-ship-traffic-via-the-strait-of-hormuz-hovers-below-10-day-average-data-shows/article71391591.ece)[[^]](https://www.arabnews.com/node/2655868/middle-east). These developments directly contradicted the market's "Above 45" outcome, causing the significant price adjustment. Social media activity was not identified as a primary driver, contributing accelerant, or significant noise based on the provided information.

#### 📈 August 24, 2026: 74.0pp spike

Price increased from 12.0% to 86.0%

**What happened:** The prediction market price spike for "Above 45" traffic in the Strait of Hormuz was primarily driven by traditional news reports around August 25-26, 2026, which indicated Iran and Oman had outlined a plan or reached an agreement for a temporary shipping corridor [[^]](https://www.cnn.com/2026/08/26/world/live-news/iran-war-trump)[[^]](https://www.youtube.com/watch?v=Oq2vdhyQ0VM). This news likely created an expectation among market participants for increased vessel transits, despite Iran simultaneously maintaining the waterway remained blockaded [[^]](https://www.arabnews.com/node/2655870/middle-east). However, actual shipping traffic during this period remained at multi-month lows, with no evidence of a corresponding spike in vessel transits [[^]](https://www.reuters.com/business/energy/fewer-than-20-ships-transit-key-strait-hormuz-over-weekend-data-shows-2026-08-24/)[[^]](https://gcaptain.com/commodity-vessel-transits-through-strait-of-hormuz-hit-three-month-low-data-shows/)[[^]](https://github.com/jasonhjohnson/strait-of-hormuz-data). Social media activity was not identified as a primary driver.

### Outcome: Above 25

#### 📈 August 22, 2026: 13.0pp spike

Price increased from 45.0% to 58.0%

**What happened:** The 13.0 percentage point spike on August 22, 2026, was primarily driven by traditional news reports. Specifically, the *New York Post* published an article that day titled "Traffic through Strait of Hormuz skyrockets nearly 400%" [[^]](https://nypost.com/2026/08/22/world-news/traffic-through-strait-of-hormuz-skyrockets-nearly-400-in-2-weeks/), which directly suggested a significant increase in vessel transits. This coincided with news from Bloomberg reporting that an agreement between Iran and Oman on proposed shipping lanes was in its final stages [[^]](https://www.youtube.com/watch?v=Oq2vdhyQ0VM), further contributing to expectations of higher traffic. Social media activity was not a primary driver.

## Contract Snapshot

This Kalshi market resolves based on the number of vessels transiting the Strait of Hormuz between August 24th and August 30th. For contracts like "Above 30," a YES resolution occurs if more than 30 vessels pass through the strait during this period, and a NO resolution occurs if 30 or fewer vessels pass through. The provided content does not detail any special settlement conditions.

## Market Discussion

As of August 26, 2026, direct shipping traffic through the Strait of Hormuz is at a multi-month low, with daily transits often in the single digits, as the U.S.-Iran conflict continues to cause both sides to implement blockades and enforcement measures [[^]](https://gulfnews.com/world/mena/ship-to-ship-transfers-keep-gulf-oil-moving-outside-hormuz-as-direct-traffic-hits-multi-month-low-1.500652385)[[^]](https://www.cnn.com/interactive/2026/08/world/strait-of-hormuz-shipping-data-traffic-routes-vis-intl)[[^]](https://www.reuters.com/world/middle-east/us-warns-iran-it-will-step-up-economic-pressure-two-more-ships-attacked-hormuz-2026-08-14/). Iran and Oman are currently engaged in technical talks for an 'interim' maritime corridor, though Iran maintains that no vessels will be allowed through until its conditions regarding U.S. sanctions and the blockade are met [[^]](https://www.japantimes.co.jp/news/2026/08/26/world/politics/iran-oman-interim-reopening-hormuz/).

## Market Data

| Contract | Yes Bid | Yes Ask | Last Price | Volume | Open Interest |
| --- | --- | --- | --- | --- | --- |
| Above 10 | 96% | 100% | 99% | $25 | $25 |
| Above 100 | 0% | 8% | 7% | $240.21 | $238.21 |
| Above 15 | 93% | 100% | 99% | $332.26 | $332.26 |
| Above 20 | 92% | 95% | 94% | $1,834.85 | $1,534.85 |
| Above 25 | 78% | 82% | 76% | $5,545.63 | $2,799.06 |
| Above 30 | 45% | 48% | 43% | $7,702.67 | $4,380.36 |
| Above 35 | 24% | 27% | 27% | $6,742.47 | $4,517.37 |
| Above 40 | 9% | 13% | 12% | $3,080.04 | $1,995.04 |
| Above 45 | 10% | 14% | 14% | $2,231.74 | $1,987.74 |
| Above 50 | 6% | 9% | 9% | $1,430.59 | $1,119.46 |
| Above 75 | 5% | 9% | 10% | $422.31 | $421.31 |

## What specific outcomes from the ongoing Iran-Oman negotiations could alter vessel traffic through the Strait of Hormuz before August 30?

Joint Corridor/Mine-Clearing Project | August 25-26, 2026 [[^]](https://www.aljazeera.com/economy/2026/8/26/top-official-says-iran-oman-have-agreed-new-temporary-hormuz-route)[[^]](https://www.reuters.com/world/china/iran-oman-discuss-temporary-hormuz-corridor-impasse-with-us-drags-2026-08-25/)[[^]](https://apnews.com/article/middle-east-iran-israel-hormuz-pakistan-august-25-2026-1a4fa2e3812c458a25a561b38dc89f09)[[^]](https://www.euronews.com/2026/08/26/iran-and-oman-discuss-temporary-corridor-in-strait-or-hormuz) |
Current Daily Vessel Traffic | 10-15 vessels daily [[^]](https://www.aljazeera.com/economy/2026/8/26/top-official-says-iran-oman-have-agreed-new-temporary-hormuz-route)[[^]](https://www.reuters.com/world/china/iran-oman-discuss-temporary-hormuz-corridor-impasse-with-us-drags-2026-08-25/)[[^]](https://polymarket.com/event/how-many-ships-transit-the-strait-of-hormuz-week-of-august-17-1786700461690)[[^]](https://www.cnbc.com/2026/08/26/us-iran-war-trump-hormuz.html) |
Prediction Market Traffic (late Aug 2026) | 0-20 vessels per day [[^]](https://polymarket.copilot.markets/event/avgpt-of-ships-transiting-strait-of-hormuz-end-of-august)[[^]](https://probsee.com/predictions/event/avgpt-of-ships-transiting-strait-of-hormuz-end-of-august) |

**Iran and Oman agreed to a temporary Strait of Hormuz corridor**

Iran and Oman agreed to a temporary Strait of Hormuz corridor. Iran and Oman have announced a framework for a "joint temporary navigational corridor" through the Strait of Hormuz, alongside a joint mine-clearing project scheduled for August 25-26, 2026 [[^]](https://www.aljazeera.com/economy/2026/8/26/top-official-says-iran-oman-have-agreed-new-temporary-hormuz-route)[[^]](https://www.reuters.com/world/china/iran-oman-discuss-temporary-hormuz-corridor-impasse-with-us-drags-2026-08-25/)[[^]](https://apnews.com/article/middle-east-iran-israel-hormuz-pakistan-august-25-2026-1a4fa2e3812c458a25a561b38dc89f09)[[^]](https://www.euronews.com/2026/08/26/iran-and-oman-discuss-temporary-corridor-in-strait-or-hormuz). They also reached an agreement on a proposed shipping route [[^]](https://www.youtube.com/watch?v=Oq2vdhyQ0VM). Despite these agreements, the Strait remains effectively blockaded, as Iranian officials maintain it will not reopen until the United States fulfills commitments from a June memorandum of understanding [[^]](https://www.aljazeera.com/economy/2026/8/26/top-official-says-iran-oman-have-agreed-new-temporary-hormuz-route). The proposed temporary route dictates that inbound vessel traffic would pass entirely through Iranian waters, while outbound traffic would transit through both Iranian and Omani waters; however, its implementation details and U.S. acceptance remain uncertain [[^]](https://www.aljazeera.com/economy/2026/8/26/top-official-says-iran-oman-have-agreed-new-temporary-hormuz-route)[[^]](https://apnews.com/article/middle-east-iran-israel-hormuz-pakistan-august-25-2026-1a4fa2e3812c458a25a561b38dc89f09)[[^]](https://www.euronews.com/2026/08/26/iran-and-oman-discuss-temporary-corridor-in-strait-or-hormuz).

Vessel traffic remains suppressed despite the announced framework. Despite the announced framework, commercial vessel traffic through the Strait of Hormuz remains severely suppressed, currently averaging only 10-15 vessels daily, which represents a small fraction of pre-conflict volumes [[^]](https://www.aljazeera.com/economy/2026/8/26/top-official-says-iran-oman-have-agreed-new-temporary-hormuz-route)[[^]](https://www.reuters.com/world/china/iran-oman-discuss-temporary-hormuz-corridor-impasse-with-us-drags-2026-08-25/)[[^]](https://polymarket.com/event/how-many-ships-transit-the-strait-of-hormuz-week-of-august-17-1786700461690)[[^]](https://www.cnbc.com/2026/08/26/us-iran-war-trump-hormuz.html). An Iranian blacklist of 45 ships and ongoing geopolitical risks continue to deter commercial shipping operations [[^]](https://www.aljazeera.com/economy/2026/8/26/top-official-says-iran-oman-have-agreed-new-temporary-hormuz-route)[[^]](https://www.reuters.com/world/china/iran-oman-discuss-temporary-hormuz-corridor-impasse-with-us-drags-2026-08-25/)[[^]](https://polymarket.com/event/how-many-ships-transit-the-strait-of-hormuz-week-of-august-17-1786700461690)[[^]](https://www.cnbc.com/2026/08/26/us-iran-war-trump-hormuz.html). Prediction markets tracking Strait of Hormuz traffic for late August 2026 overwhelmingly favor low-volume outcomes of 0-20 vessels per day, reflecting a **market** consensus that the current framework will not significantly increase traffic before August 30 [[^]](https://polymarket.copilot.markets/event/avgpt-of-ships-transiting-strait-of-hormuz-end-of-august)[[^]](https://probsee.com/predictions/event/avgpt-of-ships-transiting-strait-of-hormuz-end-of-august).

## What does recent satellite and AIS tracking data from August 2026 indicate about daily transit volume in the Strait of Hormuz compared to pre-conflict levels?

Current Daily Transit Volume | Single-digit or low-teen vessels (late August 2026) [[^]](https://www.reuters.com/business/energy/fewer-than-20-ships-transit-key-strait-hormuz-over-weekend-data-shows-2026-08-24/)[[^]](https://www.thehindu.com/news/international/gulf-ship-traffic-via-the-strait-of-hormuz-hovers-below-10-day-average-data-shows/article71391591.ece)[[^]](https://polymarket.com/event/how-many-ships-transit-the-strait-of-hormuz-week-of-august-24)[[^]](https://polymarket.copilot.markets/event/how-many-ships-transit-the-strait-of-hormuz-week-of-august-24) |
Decline from Pre-conflict Baseline | Approximately 90% (compared to 70–130+ vessels/day) [[^]](https://www.reuters.com/business/energy/fewer-than-20-ships-transit-key-strait-hormuz-over-weekend-data-shows-2026-08-24/)[[^]](https://www.thehindu.com/news/international/gulf-ship-traffic-via-the-strait-of-hormuz-hovers-below-10-day-average-data-shows/article71391591.ece)[[^]](https://polymarket.com/event/how-many-ships-transit-the-strait-of-hormuz-week-of-august-24)[[^]](https://polymarket.copilot.markets/event/how-many-ships-transit-the-strait-of-hormuz-week-of-august-24) |
Prediction Market Weekly Calls | 70-75%+ probability of 25–49 calls (week of August 24–30, 2026) [[^]](https://polymarket.com/event/how-many-ships-transit-the-strait-of-hormuz-week-of-august-24)[[^]](https://polymarket.copilot.markets/uk/event/how-many-ships-transit-the-strait-of-hormuz-week-of-august-24)[[^]](https://polymarket.copilot.markets/event/how-many-ships-transit-the-strait-of-hormuz-week-of-august-24) |

**Daily transit volume in the Strait of Hormuz has significantly decreased by August 2026**

Daily transit volume in the Strait of Hormuz has significantly decreased by August 2026. As of late August 2026, daily transit volume through the Strait of Hormuz has dramatically decreased to single-digit or low-teen numbers of vessels [[^]](https://www.reuters.com/business/energy/fewer-than-20-ships-transit-key-strait-hormuz-over-weekend-data-shows-2026-08-24/)[[^]](https://www.thehindu.com/news/international/gulf-ship-traffic-via-the-strait-of-hormuz-hovers-below-10-day-average-data-shows/article71391591.ece)[[^]](https://polymarket.com/event/how-many-ships-transit-the-strait-of-hormuz-week-of-august-24)[[^]](https://polymarket.copilot.markets/event/how-many-ships-transit-the-strait-of-hormuz-week-of-august-24). This represents an approximate **90%** decline from pre-conflict levels, which saw 70–130+ vessels per day [[^]](https://www.reuters.com/business/energy/fewer-than-20-ships-transit-key-strait-hormuz-over-weekend-data-shows-2026-08-24/)[[^]](https://www.thehindu.com/news/international/gulf-ship-traffic-via-the-strait-of-hormuz-hovers-below-10-day-average-data-shows/article71391591.ece)[[^]](https://polymarket.com/event/how-many-ships-transit-the-strait-of-hormuz-week-of-august-24)[[^]](https://polymarket.copilot.markets/event/how-many-ships-transit-the-strait-of-hormuz-week-of-august-24). While raw transit counts might appear somewhat stable, this is primarily due to an increase in empty or sanctioned vessels, with laden commercial transit volumes remaining severely suppressed [[^]](https://www.reuters.com/business/energy/fewer-than-20-ships-transit-key-strait-hormuz-over-weekend-data-shows-2026-08-24/)[[^]](https://gulfnews.com/world/mena/more-ships-more-sanctions-what-stable-hormuz-ships-traffic-means-1.500650968)[[^]](https://polymarket.copilot.markets/event/how-many-ships-transit-the-strait-of-hormuz-week-of-august-24).

High-risk conditions obscure accurate real-time transit metrics. Dual blockades by the U.S. and Iran have created high-risk conditions, prompting many operators to use 'dark' routes where AIS is disabled, thus complicating the accuracy of real-time transit metrics [[^]](https://www.reuters.com/business/energy/fewer-than-20-ships-transit-key-strait-hormuz-over-weekend-data-shows-2026-08-24/)[[^]](https://1-e8259.azureedge.net/news/2026/8/20/are-hormuz-ships-more-willing-to-defy-iran-or-the-us-what-data-shows)[[^]](https://gulfnews.com/world/mena/more-ships-more-sanctions-what-stable-hormuz-ships-traffic-means-1.500650968)[[^]](https://polymarket.copilot.markets/event/how-many-ships-transit-the-strait-of-hormuz-week-of-august-24). Prediction markets for the week of August 24–30, 2026, indicate a high **confidence** of 70-**75%**+ that total weekly transit calls will remain in the low 25–49 range [[^]](https://polymarket.com/event/how-many-ships-transit-the-strait-of-hormuz-week-of-august-24)[[^]](https://polymarket.copilot.markets/uk/event/how-many-ships-transit-the-strait-of-hormuz-week-of-august-24)[[^]](https://polymarket.copilot.markets/event/how-many-ships-transit-the-strait-of-hormuz-week-of-august-24). The industry continues to await a resolution to reopen the Strait of Hormuz [[^]](https://www.youtube.com/watch?v=-kRBw6fZTck).

## How do the current negotiating positions of the United States and Iran regarding sanctions relief and freedom of navigation compare as of late August 2026?

US Proposal Condition | Reopening Strait of Hormuz and halting proxy attacks (late August 2026) [[^]](https://gulfnews.com/world/mena/us-proposes-lifting-iran-sanctions-and-canceling-economic-campaign-in-exchange-for-hormuz-reopening-report-1.500652371)[[^]](https://www.dawn.com/news/2025343)[[^]](https://kashmirobserver.net/2026/08/25/hormuz-for-sanctions-relief-munir-carries-us-offer-to-tehran/) |
Iran's Demands | War reparations, full lifting of US sanctions, total US withdrawal [[^]](https://www.trtworld.com/article/046f9c5e9247)[[^]](https://apnews.com/article/iran-us-war-diplomacy-deal-deadline-nuclear-258e9c556fc861c05ccf6ed2b38515d6)[[^]](https://www.aljazeera.com/news/liveblog/2026/8/26/iran-war-live-iran-says-hormuz-remains-closed-despite-oman-rout-deal) |
Strait of Hormuz Normal Traffic Prediction | Low single digits for 'Yes' by August 31, 2026 [[^]](https://coingape.com/prediction-markets/strait-of-hormuz-traffic-returns-to-normal-by-august-31/)[[^]](https://www.worldeventtrading.com/predictions/strait-of-hormuz-traffic-returns-to-normal-by-odds-2026-08-31) |

**US and Iran remain at odds over sanctions and the Strait**

US and Iran remain at odds over sanctions and the Strait. As of late August 2026, the United States has reportedly proposed lifting economic sanctions and its naval blockade against Iran in exchange for Tehran reopening the Strait of Hormuz and halting attacks by regional proxies [[^]](https://gulfnews.com/world/mena/us-proposes-lifting-iran-sanctions-and-canceling-economic-campaign-in-exchange-for-hormuz-reopening-report-1.500652371)[[^]](https://www.dawn.com/news/2025343)[[^]](https://kashmirobserver.net/2026/08/25/hormuz-for-sanctions-relief-munir-carries-us-offer-to-tehran/). Iran, however, rejects these offers, maintaining that the Strait of Hormuz is closed and demanding comprehensive war reparations, the full lifting of all US sanctions, and a total withdrawal of US forces from the region before any full reopening [[^]](https://www.trtworld.com/article/046f9c5e9247)[[^]](https://apnews.com/article/iran-us-war-diplomacy-deal-deadline-nuclear-258e9c556fc861c05ccf6ed2b38515d6)[[^]](https://www.aljazeera.com/news/liveblog/2026/8/26/iran-war-live-iran-says-hormuz-remains-closed-despite-oman-rout-deal). While Iran and Oman have agreed on a temporary 7-mile transit corridor in the Strait of Hormuz, Iranian officials have emphasized that this is not a full reopening [[^]](https://www.trtworld.com/article/046f9c5e9247)[[^]](https://www.japantimes.co.jp/news/2026/08/26/world/politics/iran-oman-interim-reopening-hormuz/).

Prospects for a full resolution by late August 2026 appear dim. Prediction markets show significant pessimism regarding a return to normal traffic levels in the Strait of Hormuz by August 31, 2026, with implied probabilities for 'Yes' outcomes frequently cited in the low single digits [[^]](https://coingape.com/prediction-markets/strait-of-hormuz-traffic-returns-to-normal-by-august-31/)[[^]](https://www.worldeventtrading.com/predictions/strait-of-hormuz-traffic-returns-to-normal-by-odds-2026-08-31). Reports indicate that US-Iran peace prospects are dimming, and President Trump is reportedly in no hurry for a deal [[^]](https://www.youtube.com/watch?v=vE7eVzcQmjM). Despite this, Pakistan's defense minister has stated that the US and Iran are close to some sort of arrangement over the strait [[^]](https://www.youtube.com/watch?v=c7s161wn478).

## Which maritime analytics platforms are providing reliable, near-real-time data on vessel transits through the Strait of Hormuz for the August 24-30 period?

Daily Vessel Crossings (August 23, 2026) | 3 vessels [[^]](https://www.thenationalnews.com/business/energy/2026/08/17/hormuz-traffic-falls-to-single-digits-as-60-day-deadline-for-us-iran-mou-expires/) |
Pre-crisis Baseline Percentage | Approximately 4% [[^]](https://www.thenationalnews.com/business/energy/2026/08/17/hormuz-traffic-falls-to-single-digits-as-60-day-deadline-for-us-iran-mou-expires/) |
Polymarket 'No' Outcome Probability | Over 98% [[^]](https://polymarketintel.com/strait-of-hormuz-traffic-far-from-normalcy-as-august-31-deadline-nears-polymarket-predicts-no/) |

**Transit volumes through the Strait of Hormuz remained severely depressed around August 24-30, 2026**

Transit volumes through the Strait of Hormuz remained severely depressed around August 24-30, 2026. Several maritime analytics platforms and independent monitors offer reliable, near-real-time data on vessel transits. These include SeaVantage [[^]](https://www.seavantage.com/global-chokepoint-monitor/strait-of-hormuz), Strait Up Maritime [[^]](https://straitupmaritime.com/), Straits.live [[^]](https://straits.live/), StockDrifts [[^]](https://www.stockdrifts.io/dashboards/global-chokepoint-traffic-index), Hormuzmonitor.com [[^]](https://hormuzmonitor.com/live-ship-data/), and Hormuzstraitmonitor.com [[^]](https://hormuzstraitmonitor.com/), along with the GitHub-hosted oliv3561/hormuz-tracker [[^]](https://github.com/oliv3561/hormuz-tracker). These platforms typically utilize Automatic Identification System (AIS) data, often enhanced with Synthetic Aperture Radar (SAR) detections to track 'dark' ships and provide comprehensive transit intelligence [[^]](https://www.seavantage.com/global-chokepoint-monitor/strait-of-hormuz)[[^]](https://straitupmaritime.com/)[[^]](https://github.com/oliv3561/hormuz-tracker)[[^]](https://www.stockdrifts.io/dashboards/global-chokepoint-traffic-index)[[^]](https://hormuzmonitor.com/live-ship-data/)[[^]](https://straits.live/)[[^]](https://hormuzstraitmonitor.com/).

Only three vessels crossed the Strait of Hormuz on August 23, 2026. This figure represents approximately **4%** of the normal pre-crisis baseline daily vessel crossings [[^]](https://www.thenationalnews.com/business/energy/2026/08/17/hormuz-traffic-falls-to-single-digits-as-60-day-deadline-for-us-iran-mou-expires/). Regarding the prospect of traffic returning to normal levels by August 31, 2026, the Polymarket prediction heavily favors a 'No' outcome, indicating an over **98%** **probability** for that resolution [[^]](https://polymarketintel.com/strait-of-hormuz-traffic-far-from-normalcy-as-august-31-deadline-nears-polymarket-predicts-no/).

## What evidence from energy markets indicates how commercial operators like Maersk and Euronav are adapting to the Strait of Hormuz blockade?

Date of Low Traffic | August 26, 2026 [[^]](https://www.maritimenews.com/strait-hormuz/hormuz-transit-slowed-blockade-attacks)[[^]](https://gulfnews.com/world/mena/six-months-into-the-iran-war-hormuz-is-still-a-chokepoint-under-siege-and-uncertainty-grips-energy-markets-1.500651257)[[^]](https://gulfnews.com/world/mena/ship-to-ship-transfers-keep-gulf-oil-moving-outside-hormuz-as-direct-traffic-hits-multi-month-low-1.500652385)[[^]](https://www.thenationalnews.com/business/energy/2026/08/17/hormuz-traffic-falls-to-single-digits-as-60-day-deadline-for-us-iran-mou-expires/)[[^]](https://www.gulf-times.com/article/731495/business/oil-market-starts-pricing-in-a-prolonged-strait-of-hormuz-crisis) |
Daily Vessel Transits | Single digits [[^]](https://www.maritimenews.com/strait-hormuz/hormuz-transit-slowed-blockade-attacks)[[^]](https://gulfnews.com/world/mena/six-months-into-the-iran-war-hormuz-is-still-a-chokepoint-under-siege-and-uncertainty-grips-energy-markets-1.500651257)[[^]](https://gulfnews.com/world/mena/ship-to-ship-transfers-keep-gulf-oil-moving-outside-hormuz-as-direct-traffic-hits-multi-month-low-1.500652385)[[^]](https://www.thenationalnews.com/business/energy/2026/08/17/hormuz-traffic-falls-to-single-digits-as-60-day-deadline-for-us-iran-mou-expires/)[[^]](https://www.gulf-times.com/article/731495/business/oil-market-starts-pricing-in-a-prolonged-strait-of-hormuz-crisis) |
Traffic Level | Multi-month low [[^]](https://www.maritimenews.com/strait-hormuz/hormuz-transit-slowed-blockade-attacks)[[^]](https://gulfnews.com/world/mena/six-months-into-the-iran-war-hormuz-is-still-a-chokepoint-under-siege-and-uncertainty-grips-energy-markets-1.500651257)[[^]](https://gulfnews.com/world/mena/ship-to-ship-transfers-keep-gulf-oil-moving-outside-hormuz-as-direct-traffic-hits-multi-month-low-1.500652385)[[^]](https://www.thenationalnews.com/business/energy/2026/08/17/hormuz-traffic-falls-to-single-digits-as-60-day-deadline-for-us-iran-mou-expires/)[[^]](https://www.gulf-times.com/article/731495/business/oil-market-starts-pricing-in-a-prolonged-strait-of-hormuz-crisis) |

**Strait of Hormuz maritime traffic has significantly declined since August 2026**

Strait of Hormuz maritime traffic has significantly declined since August 2026. As of August 26, 2026, daily vessel transits have fallen to a multi-month low, frequently in the single digits [[^]](https://www.maritimenews.com/strait-hormuz/hormuz-transit-slowed-blockade-attacks)[[^]](https://gulfnews.com/world/mena/six-months-into-the-iran-war-hormuz-is-still-a-chokepoint-under-siege-and-uncertainty-grips-energy-markets-1.500651257)[[^]](https://gulfnews.com/world/mena/ship-to-ship-transfers-keep-gulf-oil-moving-outside-hormuz-as-direct-traffic-hits-multi-month-low-1.500652385)[[^]](https://www.thenationalnews.com/business/energy/2026/08/17/hormuz-traffic-falls-to-single-digits-as-60-day-deadline-for-us-iran-mou-expires/)[[^]](https://www.gulf-times.com/article/731495/business/oil-**market**-starts-pricing-in-a-prolonged-strait-of-hormuz-crisis). This significant reduction from pre-war levels is attributed to a US-led naval blockade, ongoing retaliatory attacks targeting commercial vessels, and the expiration of a short-lived June US-Iran interim shipping agreement [[^]](https://www.maritimenews.com/strait-hormuz/hormuz-transit-slowed-blockade-attacks)[[^]](https://gulfnews.com/world/mena/six-months-into-the-iran-war-hormuz-is-still-a-chokepoint-under-siege-and-uncertainty-grips-energy-markets-1.500651257)[[^]](https://gulfnews.com/world/mena/ship-to-ship-transfers-keep-gulf-oil-moving-outside-hormuz-as-direct-traffic-hits-multi-month-low-1.500652385)[[^]](https://www.thenationalnews.com/business/energy/2026/08/17/hormuz-traffic-falls-to-single-digits-as-60-day-deadline-for-us-iran-mou-expires/)[[^]](https://www.gulf-times.com/article/731495/business/oil-**market**-starts-pricing-in-a-prolonged-strait-of-hormuz-crisis).

Commercial operators are implementing diverse strategies to adapt to Strait challenges. To navigate the prevalent challenges and avoid the Strait's most contested areas, commercial operators are deploying various adaptive measures [[^]](https://gulfnews.com/world/mena/ship-to-ship-transfers-keep-gulf-oil-moving-outside-hormuz-as-direct-traffic-hits-multi-month-low-1.500652385)[[^]](https://www.gulf-times.com/article/731495/business/oil-**market**-starts-pricing-in-a-prolonged-strait-of-hormuz-crisis). These include prioritizing ship-to-ship (STS) transfers in the Gulf of Oman, utilizing "dark transits" where AIS is intentionally turned off, and re-routing cargo [[^]](https://gulfnews.com/world/mena/ship-to-ship-transfers-keep-gulf-oil-moving-outside-hormuz-as-direct-traffic-hits-multi-month-low-1.500652385)[[^]](https://www.gulf-times.com/article/731495/business/oil-**market**-starts-pricing-in-a-prolonged-strait-of-hormuz-crisis). Specifically, major carriers are diverting shipments to alternative terminals in the UAE, such as Fujairah, and ports along Saudi Arabia's Red Sea coast [[^]](https://gulfnews.com/world/mena/ship-to-ship-transfers-keep-gulf-oil-moving-outside-hormuz-as-direct-traffic-hits-multi-month-low-1.500652385)[[^]](https://www.gulf-times.com/article/731495/business/oil-**market**-starts-pricing-in-a-prolonged-strait-of-hormuz-crisis).

## What Could Change the Odds

**The Strait of Hormuz remains in a state of severe, ongoing disruption due to the conflict between the U.S./Israel and Iran, which began in February 2026 [[^]](https://www.congress.gov/crs-product/R45281)[[^]](https://www.congress.gov/crs_external_products/R/HTML/R45281.html)[[^]](https://www.congress.gov/crs_external_products/R/PDF/R48887/R48887.2.pdf).** Commercial shipping has effectively halted for much of the conflict, with Iran reportedly continuing to facilitate passage for some of its own oil exports [[^]](https://www.congress.gov/crs_external_products/R/PDF/R48903/R48903.5.pdf)[[^]](https://www.congress.gov/crs_external_products/R/PDF/R48887/R48887.2.pdf). For the week of August 24–30, 2026, traffic hit a three-month low, with daily transits often under 10 vessels. This is significantly below the 10-day average of approximately 14–15 vessels and far from pre-war baselines of 88–130 vessels [[^]](https://gulfnews.com/world/mena/ship-to-ship-transfers-keep-gulf-oil-moving-outside-hormuz-as-direct-traffic-hits-multi-month-low-1.500652385)[[^]](https://gcaptain.com/commodity-vessel-transits-through-strait-of-hormuz-hit-three-month-low-data-shows/)[[^]](https://www.thehindu.com/news/international/gulf-ship-traffic-via-the-strait-of-hormuz-hovers-below-10-day-average-data-shows/article71391591.ece).

**On August 25, 2026, Iran and Oman discussed a proposed framework for an interim transit corridor and a joint mine-clearing project [[^]](https://www.aljazeera.com/news/2026/8/25/iran-oman-discuss-temporary-shipping-lane-through-strait-of-hormuz)[[^]](https://www.japantimes.co.jp/news/2026/08/26/world/politics/iran-oman-interim-reopening-hormuz/).** However, analysts remain skeptical that this will lead to full normalization without broader U.S.-Iran diplomatic concessions, such as the lifting of naval blockades and sanctions [[^]](https://www.aljazeera.com/news/2026/8/25/iran-oman-discuss-temporary-shipping-lane-through-strait-of-hormuz)[[^]](https://www.japantimes.co.jp/news/2026/08/26/world/politics/iran-oman-interim-reopening-hormuz/). Prediction markets, including Polymarket, reflect this skepticism, with implied probabilities for a return to normal shipping traffic by August 31, 2026, consistently below **5%** in late August. Expectations for resolution by November 30, 2026, are also low, at approximately **28%** 'Yes' [[^]](https://www.gate.com/news/detail/when-will-the-strait-of-hormuz-return-to-normal-how-prediction-**market**-data-23365944)[[^]](https://polymarketintel.com/strait-of-hormuz-traffic-far-from-normalcy-as-august-31-deadline-nears-polymarket-predicts-no/)[[^]](https://www.worldeventtrading.com/predictions/strait-of-hormuz-traffic-returns-to-normal-by-odds-2026-08-31)[[^]](https://www.lines.com/prediction-markets/politics/strait-of-hormuz-traffic-returns-to-normal-by-november-30-20260810151158765).

**Bullish factors for energy prices include the persistent 'Hormuz risk premium' due to the ongoing naval blockade and sporadic hostilities [[^]](https://www.investing.com/analysis/oil-trading-in-august-2026-backwardation-crack-spreads-and-hormuz-risk-explained-200686148)[[^]](https://mansfield.energy/2026/08/17/middle-east-tensions-keep-oil-prices-elevated-as-strait-of-hormuz-supply-risks-persist/)[[^]](https://gulfnews.com/world/mena/six-months-into-the-iran-war-hormuz-is-still-a-chokepoint-under-siege-and-uncertainty-grips-energy-markets-1.500651257).** Conversely, bearish catalysts for prices, distinct from normalization, include expanded ship-to-ship transfers outside the Strait and attempts to establish interim corridors [[^]](https://www.investing.com/analysis/oil-trading-in-august-2026-backwardation-crack-spreads-and-hormuz-risk-explained-200686148)[[^]](https://mansfield.energy/2026/08/17/middle-east-tensions-keep-oil-prices-elevated-as-strait-of-hormuz-supply-risks-persist/)[[^]](https://gulfnews.com/world/mena/six-months-into-the-iran-war-hormuz-is-still-a-chokepoint-under-siege-and-uncertainty-grips-energy-markets-1.500651257). The United States has implemented policy responses, including a Jones Act waiver for domestic coastal shipping, extended through August 16, 2026, to mitigate the impact of supply disruptions on commodities [[^]](https://www.congress.gov/crs-product/R45281)[[^]](https://www.congress.gov/crs_external_products/R/PDF/R48903/R48903.5.pdf).

## Key Dates & Catalysts

- **Strike Date:** September 01, 2026
- **Expiration:** November 30, 2026
- **Closes:** September 01, 2026

## Decision-Flipping Events

- The Strait of Hormuz remains in a state of severe, ongoing disruption due to the conflict between the U.S./Israel and Iran, which began in February 2026 [^] [^] [^] .
- Commercial shipping has effectively halted for much of the conflict, with Iran reportedly continuing to facilitate passage for some of its own oil exports [^] [^] .
- For the week of August 24–30, 2026, traffic hit a three-month low, with daily transits often under 10 vessels.
- This is significantly below the 10-day average of approximately 14–15 vessels and far from pre-war baselines of 88–130 vessels [^] [^] [^] .

## Related Research Reports

- [EU has a new member before 2030?](/markets/politics/international/eu-has-a-new-member-before-2030/)
- [Will Trump's birthright citizenship order come into effect?](/markets/politics/scotus-courts/will-trump-s-birthright-citizenship-order-come-into-effect/)
- [Will Trump create a $250 bill featuring himself?](/markets/politics/congress/will-trump-create-a-250-bill-featuring-himself/)
- [Will the ABA lose its law school accreditation power?](/markets/politics/trump/will-the-aba-lose-its-law-school-accreditation-power/)

## Historical Resolutions

**Historical Resolutions:** 20 markets in this series

**Outcomes:** 6 resolved YES, 14 resolved NO

**Recent resolutions:**

- KXHORMUZWEEKLY-26AUG23-T75: NO (Aug 25, 2026)
- KXHORMUZWEEKLY-26AUG23-T50: NO (Aug 25, 2026)
- KXHORMUZWEEKLY-26AUG23-T45: NO (Aug 25, 2026)
- KXHORMUZWEEKLY-26AUG23-T40: NO (Aug 25, 2026)
- KXHORMUZWEEKLY-26AUG23-T35: NO (Aug 25, 2026)

## Disclaimer

This content is for informational and educational purposes only and does not constitute financial, investment, legal, or trading advice.
Prediction markets involve risk of loss. Past performance does not guarantee future results.
We are not affiliated with Kalshi or any prediction market platform. Market data may be delayed or incomplete.

### Data Sources & Model Transparency

**Data Sources:** Octagon Deep Research aggregates information from multiple sources including news, filings, and market data.

**Freshness:** Analysis is generated periodically and may not reflect the latest developments. Verify critical information from primary sources.

## Attribution Policy

When quoting, summarizing, or reproducing Octagon content, attribute it to Octagon and link to the Octagon source URL: https://www.octagonai.co/markets/politics/iran/traffic-through-the-strait-of-hormuz-8-24-8-30
If a specific page was used, cite that page rather than only the site homepage.