RiskEvents
ClosedMedium impactAI Generated

Iran IRGC Ballistic Missile Strikes on Iraqi Kurdistan Targets

Occurred 25 May 2026·Detected 24 May 2026·
🇮🇷 Kurdistan Region of Iraq, primarily near Erbil and Sulaymaniyah2 reportsCAT CIMEEnded 28 May 2026
Political Violence & WarAviationPolitical RiskPropertyMarine CargoAviationEnergyTerrorism & Political ViolencePolitical RiskWar Risk

Iran's IRGC launched approximately 12 ballistic missiles targeting Kurdish militant positions near Erbil and Sulaymaniyah in northern Iraq, causing damage to civilian infrastructure. Erbil International Airport has temporarily suspended operations as a precaution. The Kurdistan Region's oil export sector was not directly affected, but the strike represents a cross-border military escalation with implications for aviation, energy, and property books.

AI-generated from linked source reports. See our correction policy.

Part of:Middle East Regional Conflict and Insurance Market Disruption (2026)(418 related events)

Impact verdict

Medium impact. MEDIUM: Erbil airport closure creates immediate Aviation exposure and potential cargo disruption. Damage to civilian commercial infrastructure (warehouse) may generate property or cargo claims. Kurdistan Region oil exports unaffected limits Energy book exposure. However, the cross-border missile strike escalation raises JWC listed area concerns for War Risk and TPV underwriters with Iraqi Kurdistan exposure, and may affect renewal pricing for regional books.

View assessment methodology

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Geographic Zone Matches

6 active matches

  • Cabo Delgado
    Rule-basedConfidence 100%
  • OFAC Sanctioned Countries
    Rule-basedConfidence 100%
  • JWC Listed Areas
    Rule-basedConfidence 100%
  • EU Sanctions List
    Rule-basedConfidence 100%
  • Iran (12nm coastal buffer)
    Rule-basedConfidence 100%
  • Persian/Arabian Gulf, Gulf of Oman, Indian Ocean, Gulf of Aden and Southern Red Sea
    Rule-basedConfidence 100%

Geographic zone matches are RiskEvents spatial/analytical indicators, not coverage determinations or Lloyd's official classifications.

Affected countries

🇮🇷 Iran🇲🇿 Mozambique

Lloyd's classifications

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