This market will resolve to "Yes" if the governments of Israel and Iran both officially announce an armistice, ceasefire and/or negotiated settlement between the two countries that will go into effect by December 31, 2024, 11:59 PM ET. To count toward the resolution of this market, an armistice, ceasefire, and/or negotiated settlement must be indicative of a pause in the Israel-Iran military conflict, and be declared through official channels by both countries. If only one country (e.g. only Israel, or only Iran) officially announces an armistice, ceasefire, and/or negotiated settlement, it will not be sufficient to resolve this market to "Yes". The primary resolution source for this market will be official information from the governments of Israel and the Iran, however a consensus of credible reporting will suffice.