The Arab coalition announced the successful interception of a Houthi-launched missile targeting Riyadh. This incident occurs amid ongoing tensions between the Saudi-led coalition and the Iran-aligned group in Yemen. Missile debris caused injuries and property damage in the Saudi capital. The event highlights the persistent threat from Houthi missile and drone campaigns, which have led to heightened security measures in the region. Market participants are pricing in a 20.5% probability of Saudi airspace closure, according to January 2027 market pricing.
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