Iranian airspace remains closed to most civil operations at the highest risk level following U.S. and Israeli strikes on military targets starting February 28, 2026, which prompted retaliatory missile and drone launches, regional flight bans, and ongoing air defense misidentification threats. A temporary ceasefire announced April 8 and extended April 21 reduced intense fighting to sporadic low-level events, but no full reopening has occurred, with fresh advisories like France's May 12 NOTAM prohibiting French operators through late May. Absent new airstrikes, sanctions, or escalation signals in the past week—despite Strait of Hormuz disputes and Saudi Arabia's recent talks on a Middle East non-aggression pact—traders price minimal odds of a major commercial closure soon, though ceasefire fragility and diplomatic developments could shift dynamics rapidly.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedIran bans small private aircraft flights amid regional tensions
May 15 jumps to 14%5%
Iran issued a notice banning small private aircraft from flying in the country, with exceptions for the oil industry and emergency medical flights. This indicated heightened security concerns but did not constitute a major airspace closure affecting commercial flights.
Iran resumes commercial flights at Tehran’s international airport after war hiatus
May 15 plunges to 4%28%
On May 9, 2026, Iranian state media reported the resumption of commercial flights at Imam Khomeini International Airport in Tehran for the first time since the war with the United States and Israel began. This reopening indicated that Iran's airspace was not broadly closed and commercial aviation was operational, reducing the likelihood of a major airspace closure by the May 15 deadline.




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