Israeli airspace remains open with a persistent “danger exists” risk rating due to missile and drone threats from Iran and its regional allies, including Hezbollah and the Houthis. Short-notice restrictions have occurred repeatedly in 2026, most notably during the February–July Iran conflict when joint U.S.-Israeli strikes triggered multiple temporary closures and Iranian retaliatory barrages. A recent attempted hijacking on a Flydubai flight prompted Israeli jets to scramble and airspace protocols to activate before the aircraft diverted, highlighting how individual security incidents can force immediate operational halts. European regulators maintain caution advisories through mid-November 2026, while airlines continue selective suspensions and rerouting. Trader focus centers on escalation signals from Iran-linked actors or major attacks that would again compel full or partial shutdowns beyond routine security measures.