Ongoing US-Iran tensions and a fragile post-2026 ceasefire continue to shape airspace management decisions, with Iran issuing targeted restrictions such as the recent western sector closure amid reports of potential military activity. Partial reopenings began in April 2026 after the initial February closure, yet international regulators including EASA maintain advisories against operations through mid-November, while the FAA prohibition extends into 2027. GPS interference remains elevated in monitored areas, and foreign carriers largely avoid routes despite limited domestic and transit availability. These factors sustain trader focus on escalation risks versus diplomatic de-escalation signals, with resolution hinging on verifiable nationwide NOTAMs or equivalent measures within any specified timeframe.