Iran shut down airspace around its main international airport on the night of June 7-8 after reported Israeli strikes triggered explosions across several cities, including Tehran. Bitcoin dropped to roughly $62,900 to $63,000 as traders hit the sell button on risk assets.
The closure of Imam Khomeini International Airport’s surrounding airspace, confirmed by The Associated Press, is the clearest signal yet that the months-long Iran-Israel conflict is entering another acute phase. Iranian state media reported explosions in multiple cities, and Saudi Arabia’s Civil Defense issued emergency alerts through its National Early Warning Platform in Al-Kharj Governorate, warning residents of potential danger.
What happened and why it matters for markets
A fragile ceasefire had allowed flights to resume at the airport as recently as April 25, making this latest closure a clear reversal of what had looked like a de-escalation path.
The current crisis traces back to US-Israeli airstrikes on February 28, 2026, which kicked off a cycle of missile exchanges between Iran and Israel.
