Saudi Defence Ministry says it intercepted and destroyed two ballistic missiles launched towards the Eastern region, according to State TV
Newsquawk Staff ·
Saudi Defence Ministry says it intercepted and destroyed two ballistic missiles launched towards the Eastern region, according to State TV.
What it means
The interception of ballistic missiles by Saudi Arabia underscores rising tensions in the region and could have implications for oil prices due to security concerns in critical supply areas. This incident suggests potential escalation, which markets may react to by favoring safe-haven assets like gold and thereby influencing the broader risk sentiment. Traders should closely monitor the geopolitical landscape as further developments may heighten volatility in energy markets and related equities.
- Arab sources report several explosions were heard in Saudi cities of Jeddah and Yanbu, while Saudi Civil Defense says the danger has now passed in Jeddah and Yanbu
- Israel's Channel 13 reports that PM Netanyahu's bloc is currently tied with the opposition camp
- Saudi Civil Defense issues emergency early warning for Jeddah and Yanbu governorates
- Palestinian sources report heavy Israeli naval gunfire off the Gaza coast, according to Al-Masirah
- Iran's Foreign Minister held a call with Jordanian counterpart and they discussed efforts to end the escalation in the region and reach a sustainable ceasefire agreement between the US and Iran
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