The U.S. Federal Aviation Administration (FAA) has issued a warning to American airlines about potential safety risks when flying over Saudi Arabian airspace. This warning follows recent attacks on Riyadh’s King Khalid International Airport, attributed to Iran-backed Houthi forces, which resulted in significant casualties and operational disruptions. The FAA’s advisory highlights concerns over ongoing military activity and interference with satellite-navigation signals. Market odds for Saudi airspace closure by end of October have risen to 7.5%, while the probability of closure by year-end now stands at 19.5%.
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