A U.S. official told Fox News that the majority of Iranian missiles fired in the latest exchange were successfully intercepted. This development occurs amid ongoing tensions between Iran and Israel, with the United States playing a significant role in missile defense. Markets are interpreting the successful interceptions as reducing the immediate risk of a full Iranian airspace closure. The pricing for a full Iranian airspace closure by August 31 has increased slightly but remains low, while sustained missile exchanges suggest ongoing tensions with a higher probability of airspace closure by year-end.
Source: Read the original article
