Flight disruptions and premium volatility
Following the escalation, Iranian, Iraqi, and Jordanian airspace was shuttered, and Israel’s Ben Gurion airport ceased operations totally. Eurocontrol has reported the disruption of almost 2,000 European flights, with 650 cancellations inside a single day. Insurers now face elevated liabilities linked to aviation battle threat covers, whereas airways are re-routing by way of Saudi and Turkish airspace, incurring vital price escalations.
