Houthis have claimed responsibility for several attacks on Riyadh’s King Khalid International Airport, warning airlines to avoid Saudi airspace. Saudi authorities confirmed that the strikes resulted in casualties and prompted a temporary shutdown of the airport. The Houthi campaign, involving ballistic and cruise missiles, poses a significant threat to Saudi airspace integrity. Market pricing now indicates a higher probability of a nationwide Saudi airspace closure following these attacks, with notable increases observed in the November 1 and January 1 sub-markets.
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