Saudi Arabia has issued a warning about potential danger to the Yanbu oil hub on the Red Sea amid Houthi attacks. The alert follows the Saudi-led coalition’s interception of missiles targeting key areas, including Medina. No operational impact has been confirmed in Yanbu, and the Houthis have not claimed responsibility for an attack that day. Markets assign a 29.5% probability to a Saudi-Houthi ceasefire, while a nationwide closure of Saudi airspace by December 31 is considered unlikely.
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