Iran has accused Qatar of detaining three of its air force pilots who went missing following an attack on the Al Udeid Air Base in Qatar. Doha denies any detention, citing airspace violations by the pilots, while Tehran considers them prisoners of war and has sought intervention from the International Committee of the Red Cross. This development comes amid heightened regional tensions, including NATO’s interception of a reportedly Russian drone in Romanian airspace. Markets currently price a 5.5% probability of a full Iranian airspace closure by August 31, down from 8% the previous day.
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