Saudi Arabia says it will take all necessary measures to defend its security, according to Cabinet's statement

Saudi Arabia's commitment to take necessary measures for its security underscores heightened geopolitical tensions in the region. This stance could lead to increased volatility in oil prices and serve as a risk-off signal, potentially driving investors toward safe-haven assets like gold and the USD. Traders should monitor energy markets closely, as any ensuing unrest could significantly impact supply dynamics and global commodities.