Watch UFC 312: Makhachev vs. Oliveira 3 — Main Card Free.

What's at Stake

The UFC Lightweight Championship hangs in the balance as Islam Makhachev and Charles Oliveira meet for a historic third time to settle one of the modern era's most compelling rivalries. Beyond the gold, this trilogy bout will likely define the pound-for-pound rankings for 2026 and determine the greatest lightweight of the post-Khabib generation.

Head-to-Head

The series currently sits in favor of the champion, following Makhachev’s clinical submission victory in their first encounter and a more recent, closely contested battle that saw both men hurt. Oliveira enters this contest on a resurgence of momentum, having secured high-profile finishes against top contenders to force this third meeting, while Makhachev remains undefeated in over a decade of professional competition.

Key Players to Watch

• Islam Makhachev — The reigning champion whose elite Sambo-based wrestling and evolving counter-striking have made him nearly impossible to outpoint.
• Charles Oliveira — The UFC’s all-time submission leader who possesses the chaotic striking and offensive grappling to end the fight from any position.
• Arman Tsarukyan — The likely next challenger in attendance, whose presence adds immense pressure to the winner of this championship clash.

Prediction

Makhachev is expected to utilize a disciplined approach, favoring top control and clinch work to neutralize Oliveira’s explosive movement. While Oliveira’s veteran savvy will make the early rounds competitive, Makhachev’s superior defensive layering should lead him to a late-round submission or a unanimous decision victory.