In this paper, we will present an analysis of the Oswald example that takes a closer look at the antecedents of the Oswald minimal pair. We will argue that diverging foci in the antecedents of the Oswald example result in different truth conditions of the conditionals, explaining the difference in truth values between the two sentences. Although the explanation will incorporate aspects of Stalnaker’s theory of conditionals, it will go beyond Stalnaker’s analysis of the Oswald example on one crucial point. (...) The difference in focus assignments between the two sentences will not be explained by a difference in appropriateness conditions between indicative and subjunctive mood. Instead, the diverging foci will stem from pragmatic requirements imposed on the presuppositions of indicative and subjunctive antecedents. This analysis will be further confirmed by extending it to similar examples with ascriptions of hopes and wishes, pointing towards a more clear-cut separation of and the effect of the Oswald example conditionality. (shrink)