Abstract: Oscillons are long-lived, localized excitations of nonlinear scalar fields which may be copiously produced during preheating after inflation, leading to a possible oscillon-dominated phase in the early Universe. We investigate the stochastic gravitational wave background associated with an oscillon-dominated phase. An isolated oscillon is spherically symmetric and does not radiate gravitational waves and we show that the flux of gravitational radiation generated by pair-wise (and higher order) interactions is very small. However, a significant stochastic gravitational wave background may be generated during preheating itself, and in this case the characteristic size of the oscillons is imprinted on the  gravitational wave power spectrum, which has multiple, distinct peaks.