The Saudi-led coalition reported that the Houthi movement attempted attacks on numerous Saudi facilities, including airports and oil infrastructure. Twenty attacks targeted Riyadh’s King Khalid International Airport this month alone. This escalation in hostilities resulted in multiple casualties and injuries, further heightening tensions in the region. The market now prices a 16.5% probability of Saudi airspace closure by January 1, 2027, compared to 5.5% for the November 2026 contract. The ongoing conflict opposes the Saudi-backed Yemeni government to the Iran-aligned Houthi militias.
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