Iraqi Airways has resumed flights to Iran following a suspension due to the ongoing regional conflict. The airline has launched nine weekly flights to Rasht and plans to restart services to Tehran and Mashhad next week. This move follows the partial reopening of Iraqi airspace, previously closed due to missile and airstrike risks, suggesting a potential de-escalation in regional tensions. Prediction market pricing for Iran’s full airspace closure by August 31 has decreased to 2.4% YES, down from 6% a day earlier, indicating reduced near-term risk. However, the December 31 market remains elevated at 30.5% YES, reflecting ongoing uncertainty about long-term regional stability.
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