For rationing to be declared it comes down to what the government officially calls it. The president previously said rationing might have to happen. If that's what they call it, regardless of what actually happens, the option resolves YES.

Context: https://www.washingtonpost.com/world/2025/11/07/iran-president-water-crisis-rain-evacuation/2a71c0b2-bbe8-11f0-b389-38cf5ff33d6f_story.html

I'll not participate in the market in case the actual numbers get fuzzy.