Resolution Criteria:

Resolve YES if, by 11:59 PM EDT on August 24, 2026, the United States officially announces new sanctions against at least one China-based company, financial institution, organization, or individual specifically for providing financial, commercial, energy-related, logistical, or other material support to Iran or Iranian entities.

The sanctions must be newly announced during the market period and explicitly connected to Iran.

Sanctions against Iranian entities alone, general threats against China, diplomatic warnings, export restrictions unrelated to Iran, or sanctions against entities in other countries do not count.

Hong Kong-based entities count as China-based for the purposes of this market.

Resolution will be based primarily on announcements by the U.S. Treasury Department, OFAC, the White House, or the U.S. State Department, with Reuters or the Associated Press as secondary sources.

Resolve NO otherwise.