The Saudi Cabinet, led by Crown Prince Mohammed bin Salman, has issued a stern warning to Yemen’s Houthi movement, stating that repeated attacks on Saudi territory will have consequences. This warning follows a series of missile and drone attacks claimed by the Houthis, targeting key infrastructure and military sites in Saudi Arabia, notably Riyadh’s King Khalid International Airport. The escalation has caused significant damage and casualties, disrupting operations. Riyadh has announced it is preparing to intensify its military response against Houthi aggression. Markets reflect increased risk perception, with a 20.5% probability of Saudi airspace closure by January 2027.
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