A method and apparatus for designating and handling irrevocable transactions is herein described. In response to detecting an irrevocable event, such as an I/O operation, a user-defined irrevocable designation, and a dynamic failure profile, a transaction is designated as irrevocable. In response to designating a transaction as irrevocable, Single Owner Read Locks (SORLs) are acquired for previous and subsequent reads in the irrevocably designated transaction to ensure the transaction is able to complete without modification to locations read from, while permitting remote resources to load from those locations to continue execution.