December 31

Full rules

As written on Polymarket for “Iran charges Hormuz fees by December 31?”.

1. §1This market resolves to “Yes” if the Iranian government officially announces and begins collecting fees, tolls, charges, tariffs, or similar payments from commercial vessels which are mandatory for passage through or access to the Strait of Hormuz between market creation and the specified date, 11:59 PM ET.
2. §2Otherwise, this market resolves to “No.”
3. §3A qualifying fee must be an announced policy which applies generally to all commercial vessels, or a defined subcategory of commercial vessels (e.g., vessels flagged to the US and its allies).
4. §4Isolated demanded charges will not qualify.
5. §5A fee is mandatory if, in practice, affected commercial vessels cannot transit or access the Strait of Hormuz without paying it, regardless of whether Iran characterizes the payment as voluntary or a fee for services.
6. §6Fees described as tolls, maritime fees, service charges, environmental fees, security fees, insurance charges, etc. will qualify provided they are recognized as mandatory for passage through or access to the Strait of Hormuz by a consensus of credible reporting (e.g., a mandatory insurance fee charged by the Iranian Persian Gulf Strait Authority would qualify).
7. §7Both of the following are required to occur prior to the specified date, 11:59 PM ET to satisfy this market’s resolution criteria: