Got an email from Iberia which included this text:
If, on the other hand, you wished to postpone your trip, please get in touch with your travel agency, where you will be provided with all the relevant information that you may need, in order to request a date change or the refund of your tickets through a voucher, which you must choose by 10 July 2020.
My flight is on September 1, I'm sure it will be canceled (the LAX-MAD nonstop) as they haven't operated the flight in months. I'm not really beholden to some 50 day decision period am I?