Saudi Ministry of Defense says air defences are dealing with a ballistic threat in Riyadh
Newsquawk Staff ·
Saudi Ministry of Defense says air defences are dealing with a ballistic threat in Riyadh.
What it means
The Saudi Ministry of Defense's report of air defenses engaging a ballistic threat in Riyadh signals a potential escalation in regional tensions. This incident could impact oil prices and create risk-off sentiment across markets, as investors may look for safer assets. Watch for market reactions in commodity and currency markets, particularly oil and safe havens like gold and the USD.
- 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
Related headlines
- Iranian source denies report of a Trump-backed plan being delivered via Pakistan's army chief, says this is completely false and no new proposal was presented to Iran1 hour ago
- Israel exit poll shows Israeli PM Netanyahu's coalition wins 50 seats, opposition wins 52 seats and Arab-led parties win 18 seats2 hours ago
- Jordanian and Syrian foreign ministers agree to form a joint security committee to investigate details of recent Jordanian strikes on Islamic State sites in Syria2 hours ago
- Israeli election exit poll: Netanyahu bloc 55 seats; opposition bloc 49; Arab parties bloc 16, i24NEWS reports3 hours ago
- Netanyahu’s Likud Party to be largest in Knesset, reports Channel 12 Exit Poll; no clear winner in Israeli election3 hours ago
- US President Trump suggests Venezuela could become a US state; reiterates oil is flowing out of the Strait of Hormuz3 hours ago
- US and Russia are discussing potential postwar business deals, including JV for US oil majors off Sakhalin and resumed sales via the Druzhba pipeline, as part of wider talks to end the war in Ukraine, reports FT citing sources4 hours ago
- CRUDE WRAP: WTI (Z6) SETTLES USD 1.86 LOWER AT 99.90/BBL; BRENT (F7) SETTLES USD 1.33 LOWER AT 109.41/BBL4 hours ago
- US Energy Secretary Wright says the suspension of sanctions on Russia is temporary; US is ramping up LNG exports5 hours ago
- News sources report an explosion near the Mawwaq Al-Sulti base in Jordan, reports Fars6 hours ago
- Iranian President Pezeshkian and Russian President Putin discussed energy cooperation and trade6 hours ago
- Three of Britain’s four nuclear deterrent submarines are out at sea in an "unusual" situation, The Times reports6 hours ago
- Russian refineries’ crude processing up 25% since drone attacks stopped in mid-October, according to reports, citing sources7 hours ago
- Iranian President Pezeshkian, at a meeting with Russian President Putin, says there is no point in hoping for the US to resolve problems in the Middle East7 hours ago
- Russian President Putin says he discussed the situation in the Middle East one-on-one with Iranian President Pezeshkian and it is a reason for concern, according to Russian press7 hours ago