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Iran full airspace closure by July 31?

Realized · 7-day hold+23%$100 paper stake
Polymarket24¢
Our position · NO76¢ 93¢
Signal endedJul 27
Forecast updatedJul 26
Jul 20 forecast

Iran will almost certainly keep commercial airspace open through July 31 because no broad NOTAM has appeared and the ceasefire remains largely intact.

Iran’s civil aviation authority has not issued a broad, generally applicable airspace suspension since the conflict’s peak, and the available reports through July 20 show only localized, temporary closures for specific events in Tehran and Mashhad. The European agency advisory and other conflict-zone warnings remain directed at airlines rather than amounting to an Iranian government suspension. With only 11 days remaining in the resolution window, the absence of any pending NOTAM or credible reporting of an imminent broad closure is decisive. The ceasefire, though fragile, has held without the kind of direct sustained strikes that historically preceded nationwide Iranian airspace shutdowns in February and June. A sudden escalation cannot be ruled out entirely, but it would need to emerge and reach the threshold of forcing a civil aviation NOTAM almost immediately. The most likely path is continued openness, possibly with brief localized adjustments, and the window closes without a qualifying event.

Points to NO
  • The July 7 and July 9 closures were explicitly localized to Tehran and Mashhad for funeral ceremonies, with flights elsewhere unrestricted, confirming authorities are not defaulting to FIR-wide measures.
    E1, D1
  • No credible report of a broad closure exists for the July 15 to July 20 interval, and the airspace remains open as of July 20.
  • The resolution window ends in 11 days, and the prior market assessment on July 19 placed the probability near 5.5 percent, reflecting the short remaining runway.
Points to YES
  • Historical episodes show Iran can move quickly—closing airspace within hours during acute strikes in February and reopening in phases—so rapid closure is mechanically possible.
    Evidence

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