Israeli airspace remains open amid ongoing regional tensions, with the primary risk stemming from potential missile or drone attacks by Iran and proxies including Hezbollah and the Houthis. A large-scale Israeli Air Force sortie on October 21, 2026, involving dozens of jets flying toward the Iranian border in a reported show of force, has heightened alerts without triggering immediate closure. EASA maintains an information note through mid-November advising caution due to volatile security conditions and possible short-notice restrictions. Aviation officials have outlined contingency plans for brief closures of no more than 12 hours at Ben Gurion Airport if fighting resumes, followed by limited operations. Trader consensus prices a closure by year-end at around one-third, reflecting these persistent but contained risks rather than imminent escalation.