# Iran closes its airspace by May 24?

> Polymarket binary prediction market. 20% implied probability of YES as of Sun, 17 May 2026 07:55:57 GMT. 24h change -6.0pp, 24h volume $131.2K.

**Canonical URL:** https://orrery.me/markets/iran-closes-its-airspace-by-may-24
**Polymarket source:** https://polymarket.com/event/iran-closes-its-airspace-by-may-24
**Category:** Geopolitics
**Resolves by:** May 24, 2026
**Last fetched:** 2026-05-17T07:55:57.347Z

## Live snapshot

| Metric | Value |
|---|---|
| YES probability | **20¢** (20%) |
| Δ 1h | +0.0pp |
| Δ 24h | -6.0pp |
| Δ 1w | +0.0pp |
| 24h volume | $131.2K |
| Lifetime volume | $187.7K |
| Liquidity (orderbook depth) | $97.5K |
| Spread | 1.00pp |

## Resolution

**Resolves by:** May 24, 2026

**Source:** the market description on Polymarket; final settlement via UMA optimistic oracle.

### Market description (verbatim from Polymarket)

> This market will resolve to “Yes” if Iran initiates a major closure of its airspace, that is not solely due to weather conditions, by the listed date, 11:59 PM ET. Otherwise, this market will resolve to “No”.
> 
> A “major closure” is defined as a broad closure, cancellation, or suspension of commercial flights transiting, arriving in, and departing from Iranian airspace or a major Iranian Airspace region. A qualifying closure must apply generally to flights across Iran or a major Iranian airspace region. Limited cancellations, delays, or other partial closures will not qualify. Limited exceptions to a broad closure, however, will not disqualify such a closure from counting (e.g. exceptions for certain flights pre-approved by the Iranian Civil Aviation Authority may be permitted). 
> 
> Any non-weather complete suspension of commercial arrivals and departures affecting at least two of the following airports will qualify: Imam Khomeini International Airport (IKA), Mehrabad Airport (THR), Mashhad International Airport (MHD), Shiraz International Airport (SYZ), or Isfahan International Airport (IFN).
> 
> Qualifying previous examples include the January 2026 total closure of Iranian airspace except to international flights with express governmental permission (https://www.reuters.com/world/middle-east/iran-shuts-airspace-most-flights-flightradar24-says-2026-01-14/) and the April 2024 closure of Iran’s western airspace (https://www.reuters.com/world/middle-east/iranian-airports-cancel-flights-until-monday-morning-2024-04-14/). Non-qualifying examples include the January 27, 2026 partial closure of Iranian airspace around the Strait of Hormuz (https://www.aa.com.tr/en/middle-east/iran-issues-airspace-notice-for-military-drills-near-strait-of-hormuz/3812508) and the January 25 - April 25, 2026 VFR (Visual Flight Rules) flights suspension which did not broadly close commercial aviation in a qualifying region (https://www.intellinews.com/iran-suspends-general-aviation-and-vfr-flights-in-new-airspace-directive-421997/).
> 
> Warnings, No-Fly-Zones, or other flight restrictions imposed by airlines or countries other than Iran will not be sufficient for a “Yes” resolution.
> 
> Airspace closures which occur solely due to weather conditions will not qualify.
> 
> The primary resolution sources for this market will be official information from Iranian aviation authorities and a consensus of credible reporting.

## Top holders

**Top YES holders**

- `0xef45…666f` — 13,811.074 shares
- `0x53e5…6177` — 11,707.721 shares
- `0xbaa2…2c73` — 11,008.147 shares
- `0x436f…2c7f` — 7,500 shares
- `0x20d9…5490` — 6,999.507 shares

**Top NO holders**

- `0xf284…b9f9` — 37,678.963 shares
- `0x9648…6825` — 11,057.894 shares
- `0xc8ab…6418` — 8,000 shares
- `0x8f2f…b226` — 6,999.93 shares
- `0xb4f2…e5fa` — 5,869.152 shares

## 7-day price-history summary

| Metric | Value |
|---|---|
| Sample count | 112 |
| Window start | 2026-05-12T16:00:07.000Z |
| Window end | 2026-05-17T07:55:04.000Z |
| Range | 16¢ → 27¢ |
| Net change | -6.5pp |

Full series available as JSON via `GET https://orrery.me/api/markets?slugs=iran-closes-its-airspace-by-may-24` — the chart on the human page is rendered from this same data.

## Cite this

```
Orrery. "Iran closes its airspace by May 24? — 20% on Polymarket."
Retrieved 2026-05-17T07:55:57.347Z from https://orrery.me/markets/iran-closes-its-airspace-by-may-24.
```

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