The Saudi-led coalition intercepted and destroyed a ballistic missile launched by Houthi forces toward Najran in southern Saudi Arabia. The operation follows repeated cross-border attacks on the city and shows that the ballistic threat remains persistent. Market participants view the interception as further evidence of military tensions that could lead to airspace restrictions. Prediction markets currently place the probability of a Saudi airspace closure by December 31 at approximately 18.5%. Announcements from Saudi Arabia’s General Authority of Civil Aviation, Saudi Air Navigation Services, the European Union Aviation Safety Agency or the U.S. Federal Aviation Administration will be monitored to assess how the regional risk is evolving.
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