China’s Foreign Ministry has publicly condemned recent attacks by Iran-backed Houthi forces on Riyadh’s King Khalid International Airport. The strikes on October 10 resulted in 12 deaths and 309 injuries and disrupted airport operations. China has aligned itself with several countries and international bodies opposing these attacks on Saudi civilian infrastructure. Market participants are pricing in an increased likelihood of Saudi airspace closure, with odds rising from 14% to 19% by January 1, 2027.
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