Saudi Arabia has not permitted the use of its airspace to support offensive military operations, Al Arabiya reports citing sources
Saudi Arabia's refusal to allow the use of its airspace for offensive military operations signals a potential escalation in regional tensions, which could impact energy markets given the Kingdom's pivotal role.
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Newsquawk Daily European Opening News - 8th May 2026
Saudi Arabia has not permitted the use of its airspace to support offensive military operations, Al Arabiya reports citing sources
Suspension of flights to Dubai and Abu Dhabi following the activation of air defence systems in the UAE, according to Mehr, citing sources
Ukrainian President Zelensky says Russian forces struck Ukrainian positions during the night and shows no attempt to hold the cease fire
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This situation may lead to increased volatility in oil prices, influencing currencies tied to commodities and overall risk sentiment in equities as well.
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