Yemeni armed forces said they targeted Abha International Airport with a drone in Saudi Arabia’s southwestern Asir region, disrupting air traffic. Saudi authorities have not independently confirmed the strike, which comes amid hostilities between the Iran-aligned Houthi movement and the kingdom. Markets are watching for any potential closure of Saudi airspace, with pricing implying a higher probability by January 2027 than by October 31. Further Houthi attacks, a response from Saudi forces or official statements on airspace security could influence market expectations.
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