Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Iran reopens airspace after temporary closure forced flights to reroute
    Finance

    Iran reopens airspace after temporary closure forced flights to reroute

    Published by Global Banking & Finance Review®

    Posted on January 14, 2026

    3 min read

    Last updated: January 19, 2026

    The image depicts the acquisition of Esso's 1,200 fuel stations by an Italian consortium, highlighting the strategic impact on Italy's fuel distribution network.
    Italian consortium acquiring Esso fuel stations in strategic financial deal - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:International tradefinancial stability

    Quick Summary

    Iran reopened its airspace after a temporary closure due to military concerns, impacting global airlines and flight routes.

    Table of Contents

    • Impact of Iran's Airspace Reopening
    • Airlines Affected by the Closure
    • Government Responses and Warnings
    • Safety Concerns in Aviation

    Iran reopens airspace after temporary closure forced flights to reroute

    Impact of Iran's Airspace Reopening

    By David Shepardson

    Airlines Affected by the Closure

    WASHINGTON, Jan 14 (Reuters) - Iran reopened its airspace after a near-five-hour closure amid concerns about possible military action between the U.S. and Iran that forced airlines to cancel, reroute or delay some flights.

    Government Responses and Warnings

    Iran closed its airspace to all flights except international ones to and from Iran with official permission at 5:15 p.m. ET (2215 GMT) on Wednesday, according to a notice on the U.S. Federal Aviation Administration website.

    Safety Concerns in Aviation

    The notice was removed shortly before 10 p.m. ET, or 0300 GMT, according to tracking service Flightradar24, which showed five flights from Iranian carriers Mahan Air, Yazd Airways and AVA Airlines were among the first to resume over the country.

    At a similar time last week to the airspace closure there had been dozens of planes in the air over Iran, Flightradar24 said.

    The temporary closure came as President Donald Trump has been weighing a response to the situation in Iran, which is seeing its biggest anti-government protests in years.

    The United States was withdrawing some personnel from bases in the Middle East, a U.S. official said on Wednesday, after a senior Iranian official said Tehran had warned neighbors it would hit American bases if Washington strikes.

    Missile and drone barrages in a growing number of conflict zones represent a high risk to airline traffic.

    INDIAN AIRLINES AMONG THOSE AFFECTED

    India's largest airline, IndiGo said some of its international flights would be impacted by Iran's sudden airspace closure. Air India said its flights were using alternative routes that could result in delays or cancellations.

    A flight by Russia's Aeroflot bound for Tehran returned to Moscow after the closure, according to Flightradar24 data. 

    Earlier on Wednesday, Germany issued a new directive cautioning the country's airlines from entering Iranian airspace, shortly after Lufthansa rejigged its flight operations across the Middle East amid escalating tensions in the region. 

    The United States already prohibits all U.S. commercial flights from overflying Iran and there are no direct flights between the countries.

    Airline operators like flydubai and Turkish Airlines have canceled multiple flights to Iran in the past week.

    "Several airlines have already reduced or suspended services, and most carriers are avoiding Iranian airspace," said Safe Airspace, a website run by OPSGROUP, a membership-based organisation that shares flight risk information. "The situation may signal further security or military activity, including the risk of missile launches or heightened air defence, increasing the risk of misidentification of civil traffic."

    A Ukraine International Airlines jet was downed by Iran's military in 2020, killing all 176 passengers and crew.

    Lufthansa said on Wednesday that it would bypass Iranian and Iraqi airspace until further notice while it would only operate day flights to Tel Aviv and Amman from Wednesday until Monday next week so that crew would not have to stay overnight. Some flights could also be canceled as a result of these actions, it added in a statement.

    Italian carrier ITA Airways, in which Lufthansa Group is now a major shareholder, said that it would similarly suspend night flights to Tel Aviv until Tuesday next week.

    (Reporting by David Shepardson, Kanjyik Ghosh, Keith Weir, Steven Scheer, Nathan Gomes and Ben Blanchard; Editing by Peter Henderson and Jamie Freed)

    Key Takeaways

    • •Iran temporarily closed its airspace due to military concerns.
    • •Airlines were forced to reroute or delay flights.
    • •The closure lasted nearly five hours.
    • •Multiple airlines, including IndiGo and Lufthansa, were affected.
    • •The situation highlights ongoing regional tensions.

    Frequently Asked Questions about Iran reopens airspace after temporary closure forced flights to reroute

    1What is airspace?

    Airspace refers to the portion of the atmosphere controlled by a country above its territory, including its territorial waters. It is crucial for the operation of aircraft and is subject to national regulations.

    2What is market volatility?

    Market volatility refers to the rate at which the price of securities increases or decreases for a given set of returns. It indicates the level of uncertainty or risk in the market.

    3What is financial stability?

    Financial stability is a condition in which the financial system operates effectively, maintaining confidence in the economy. It involves the resilience of financial institutions and markets to economic shocks.

    4What are airline operations?

    Airline operations encompass all activities related to the management and functioning of an airline, including flight scheduling, maintenance, crew management, and customer service.

    More from Finance

    Explore more articles in the Finance category

    Image for French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Image for Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Image for Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Image for Analysis-Glencore to focus on short-term disposals as Rio deal remains elusive
    Analysis-Glencore to focus on short-term disposals as Rio deal remains elusive
    Image for Belgium's Agomab Therapeutics valued at $716 million as shares fall in Nasdaq debut
    Belgium's Agomab Therapeutics valued at $716 million as shares fall in Nasdaq debut
    Image for Big Tech's quarter in four charts: AI splurge and cloud growth
    Big Tech's quarter in four charts: AI splurge and cloud growth
    Image for EU hikes tariffs on Chinese ceramics to 79% to counter dumping 
    EU hikes tariffs on Chinese ceramics to 79% to counter dumping 
    Image for AI trade splinters as investors get more selective
    AI trade splinters as investors get more selective
    Image for EU extends tariff suspension on $109.8 billion of US imports for six months
    EU extends tariff suspension on $109.8 billion of US imports for six months
    Image for Dog food maker Ollie acquired by Spain’s Agrolimen
    Dog food maker Ollie acquired by Spain’s Agrolimen
    Image for Salzgitter to take over HKM steel joint venture, end clash with Thyssenkrupp
    Salzgitter to take over HKM steel joint venture, end clash with Thyssenkrupp
    View All Finance Posts
    Previous Finance PostExclusive-SK Hynix speeds up new chip fab opening to meet memory demand, executive says
    Next Finance PostUS allows talks over Lukoil's foreign assets until February 28