The Saudi-led coalition intercepted and destroyed three ballistic missiles launched by Yemen’s Houthi movement toward the eastern region of the kingdom. The interception prevented the missiles from reaching their targets, as tensions remain high between Saudi Arabia and the Iran-aligned Houthi forces. It follows a series of recent missile and drone attacks against locations including Riyadh and Dhahran. Market pricing currently reflects a low probability of a formal Saudi airspace closure by October 31, but a slightly higher probability by January 1, 2027.
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