Saudi Arabia announced that it intercepted and destroyed two ballistic missiles launched by Yemen’s Houthi movement toward Riyadh. Coalition spokesperson Turki al-Maliki confirmed the successful interception, which occurred amid persistent regional tensions. No casualties were reported. Markets assign only a 1.1% probability to a closure of Saudi airspace by the end of October, compared with 16% by the end of December. Further interceptions, damage to critical infrastructure or a military escalation could increase the risk, while diplomatic efforts could reduce it.
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