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