The Trader 

Market Outlook: Airlines avoid Iranian and Iraqi airspace

The Trader

CNBC this morning reports that several airlines have said they will be avoiding Iranian airspace and cancelling flights to Baghdad following a dozen ballistic missiles aimed at 2 army bases housing US troops in Iraq. This coincided with a Boeing 737 aeroplane which crashed minutes after take-off from Tehran killing all people on board. The US Federal Aviation Administration has prohibited civil plane operators from flying over Iran, Iraq, waters of the Persian Gulf and the Gulf of Oman.

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