Saudi Arabia announces interception and destruction of a ballistic missile launch towards its eastern province
Newsquawk Staff ·
Saudi Arabia announces interception and destruction of a ballistic missile launch towards its eastern province.
What it means
The interception of a ballistic missile in Saudi Arabia highlights rising tensions in the region, which could lead to increased volatility in oil markets. As Saudi Arabia is a major oil producer, any escalation in geopolitical risks often translates into higher oil prices, especially for WTI. Traders should be cautious as this situation could provoke reactions in risk assets and commodities related to energy.
Sources
- Israel exit poll shows Israeli PM Netanyahu's coalition wins 50 seats, opposition wins 52 seats and Arab-led parties win 18 seats
- Israeli election exit poll: Netanyahu bloc 55 seats; opposition bloc 49; Arab parties bloc 16, i24NEWS reports
- Netanyahu’s Likud Party to be largest in Knesset, reports Channel 12 Exit Poll; no clear winner in Israeli election
- Falling debris over Saudi Arabia's Riyadh reportedly caused damage, SPA reports
- Yemeni Houthis claim to have struck Saudi Arabia's Defence Ministry in Riyadh with a ballistic missile
Related headlines
- US and Russia are discussing potential postwar business deals, including JV for US oil majors off Sakhalin and resumed sales via the Druzhba pipeline, as part of wider talks to end the war in Ukraine, reports FT citing sources6 hours ago
- CRUDE WRAP: WTI (Z6) SETTLES USD 1.86 LOWER AT 99.90/BBL; BRENT (F7) SETTLES USD 1.33 LOWER AT 109.41/BBL7 hours ago
- Iranian President Pezeshkian and Russian President Putin discussed energy cooperation and trade9 hours ago
- Russian refineries’ crude processing up 25% since drone attacks stopped in mid-October, according to reports, citing sources9 hours ago
- Iranian President Pezeshkian, at a meeting with Russian President Putin, says there is no point in hoping for the US to resolve problems in the Middle East9 hours ago
- Russian President Putin says he discussed the situation in the Middle East one-on-one with Iranian President Pezeshkian and it is a reason for concern, according to Russian press9 hours ago
- Israeli PM Netanyahu requests extension of voting in the legislative elections until after 10pm10 hours ago
- Russian Foreign Minister Lavrov says the Ukraine conflict is likely to continue and will likely escalate. Leaders of Finland and Norway raised no new proposals.10 hours ago
- Newsquawk European Market Wrap - 27th October 202611 hours ago
- Russian Deputy PM Novak says domestic refineries are bringing units back online very quickly following maintenance. Russia and the US could begin cooperating on Arctic LNG projects11 hours ago
- US EQUITY OPEN: Indices in the green as Tech sector outperforms as earnings continue12 hours ago
- Violating oil tanker catches fire after hitting a mine in the eastern Strait of Hormuz, reports Irib13 hours ago
- Russian President Putin says Russia should avoid going too far with the green agenda and must consider ending the ongoing conflict and lifting sanctions14 hours ago
- US Midterms (7 days out): Democrats’ early-vote lead narrows in 8 states; Texas and Nebraska flip to Republicans, South Carolina now tied14 hours ago
- RBA Governor Bullock says a key question is whether monetary policy tightening so far will be sufficient to return inflation to target within a reasonable timeframe, adds remain committed to the mandate of delivering price stability and full employment1 hour ago