Saudi Ministry of Defence announces interception and destruction of four ballistic missiles launched towards the Riyadh region

The interception of ballistic missiles towards Riyadh indicates a significant escalation in regional tensions, potentially impacting oil markets and broader risk sentiment. This event may also prompt a reassessment of geopolitical risks among investors, with a focus on safe-haven assets like gold and currencies. Traders should watch for volatility in energy prices and regional equities as the situation develops.