The Saudi-led coalition successfully intercepted and destroyed one ballistic missile, two cruise missiles, and three drones targeting Saudi territory. This attack is part of ongoing tensions with the Iran-backed Houthi movement, which has been launching repeated strikes against Saudi territories. The incident is part of a series of interceptions reported in October targeting key Saudi cities and regions. These recurring military exchanges underscore the persistent instability in the region. The market currently prices the probability of Houthi forces entering Aden by October 31, 2026 at 4.4%.
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