Iran cancels flights amid new US sanctions; Saudis intercept Houthi missiles

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Iran has canceled flights following new U.S. sanctions targeting its aviation sector as part of « Operation Economic Outcast. » Saudi Arabia reported intercepting six missiles fired by the Houthi movement, underscoring the ongoing regional conflict between Riyadh and Iran-aligned forces in Yemen. Prediction market participants price the odds of a full Iranian airspace closure by September 30 at 3.4% YES, and at 22% YES for a December 31 closure. Observers are closely monitoring official statements from Iran’s Civil Aviation Organization and any de-escalation signals from U.S. officials.

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