Saudi Defence Ministry says it intercepted and destroyed two ballistic missiles launched towards the Eastern region, according to State TV

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.