Who wins the Senate pending Hormuz Agreement before the midterms?
3 live outcomes · highest priced: No Hormuz Agreement at 82% (−9 pts in 24h) · first close Nov 4, 2026 · $1.1M total volume
About this event
This event tracks whether the United States and Iran announce a diplomatic agreement concerning vessel traffic in the Strait of Hormuz by November 2, 2026, and which party wins control of the U.S. Senate in the 2026 midterm election.
How the outcomes relate
The outcomes represent mutually exclusive combined scenarios covering the occurrence of a Hormuz agreement and the resulting party control of the U.S. Senate. Exactly one outcome will resolve Yes.
How it resolves
An outcome resolves Yes if its specific combined condition is satisfied. If no qualifying diplomatic agreement between the U.S. and Iran over Strait of Hormuz traffic is announced by November 2, 2026, 11:59 PM ET, the event resolves immediately to "No Hormuz Agreement". If an agreement is announced by the deadline, resolution depends on whether Republicans or Democrats win control of the Senate in the 2026 midterms based on majority seat counts, tiebreakers involving the Vice Presidency, or the first selected President Pro Tempore.
Key dates
- Hormuz Agreement deadline: — 11:59 PM ET deadline for announcing a qualifying agreement
- Midterm election seat scheduling baseline: — Cutoff date for determining scheduled November 2026 regular and special elections
- Independent caucus announcement deadline: January 4th, 11:59 PM ET of the following calendar year for determining independent caucus intent
Resolution source
Official information from the governments of the United States and Iran, relevant state electoral authorities, the United States Congress, and a consensus of credible reporting
AI-generated analysis · google/gemini-3.7-flash ·
| Outcome | Price | 24h | Gotcha risk | Tradability | Closes |
|---|---|---|---|---|---|
| No Hormuz Agreement | 82% | ▼ 9 | Med | High | |
| Hormuz Agreement; D Senate | 13% | ▲ 9 | Med | High | |
| Hormuz Agreement; R Senate | 5% | ▲ 1 | Med | High |