Saudi Arabia has canceled or postponed several major international events due to ongoing Houthi missile attacks and related travel disruptions. The EU-GCC summit, Riyadh Fashion Week, and the Saudi International golf tournament are among the affected events. The market now prices a 4.5% probability of Saudi airspace closure by November 1, up from 4% the previous day. These cancellations highlight the heightened security risks and logistical challenges currently facing the kingdom.
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