Saudi authorities have released CCTV footage showing a devastating attack on Riyadh’s King Khaled International Airport on October 10, killing 13 people and injuring over 300. The strike, claimed by Yemen’s Houthi movement, has escalated tensions in the region and raised concerns over the security of Saudi airspace. Markets are reacting to these developments with the implied probability of airspace closure now at 7.5% by November 1, up from 6% previously. The January 1, 2027 market shows an 18% probability, reflecting expectations of continued regional instability.
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