Israeli airspace remains open under heightened security protocols amid ongoing regional tensions, with trader consensus pricing a non-holiday closure by December 31, 2026 at roughly 24-26 percent. Missile and drone threats from Iran and associated groups such as Hezbollah and the Houthis represent the dominant factor, following multiple short-notice closures earlier in 2026 during strike exchanges and retaliations. Recent developments include continued GPS interference after prior ceasefires, airline-specific suspensions tied to separate security disputes, and official planning for any future full closure limited to 12 hours or less. EASA advisories remain active through mid-November, underscoring volatility while authorities prioritize rapid reopenings once immediate risks subside.