Saudi Ministry of Defence announces interception and destruction of three cruise missiles outside Al-Khaj, southeast of Riyadh

The interception of three cruise missiles by the Saudi Ministry of Defence highlights escalating tensions in the region, which may raise concerns about security and stability. This incident could impact oil prices as markets react to perceived threats to critical infrastructure, making assets like crude oil and gold potential safe-haven plays. Traders should consider the implications for regional dynamics and how they might affect risk sentiment across the board.