Context: The "Bessent Clause" This market tracks the effectiveness of General License U (GL U), issued by the Treasury on March 20, 2026, which authorizes the sale and U.S. importation of ~140 million barrels of "floating" Iranian oil.
Primary Resolution Metric: This market will resolve based on the official closing price of West Texas Intermediate (WTI) Crude Oil for the trading day of March 31, 2026.
Resolution Value: * YES: If the daily close is $84.99 or lower.
NO: If the daily close is $85.00 or higher.
Contingency/N/A:
If the NYMEX exchange is closed or no data is reported for March 31, the market will resolve based on the close of the next available trading day.
If a ceasefire is signed before March 31, the market stays active and resolves based on the price (as a ceasefire would likely crash the price and favor a YES resolution).
Official Sources for Resolution
Primary: MarketWatch - WTI Crude Oil (Continuous) — Use the "Close" price listed for March 31.
Secondary (Verification): EIA Daily Energy Prices (Note: EIA data often has a 24-48 hour lag, so final resolution may occur on April 1 or 2 to ensure accuracy).
1,000