Saudi Arabia is facing major economic challenges following a series of deadly strikes on its airports and key infrastructure, particularly King Khalid International Airport in Riyadh. The attacks, claimed by Iran’s aligned Houthi movement in Yemen, have caused casualties and operational disruptions. Market indicators suggest an increased likelihood of Saudi airspace closure and support the prospect of crude oil prices reaching a new all-time high by year-end. The situation has heightened geopolitical tensions in the region and increased operational and security costs for the kingdom.
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