Recent Houthi missile and drone strikes on Saudi infrastructure, including repeated attacks on Riyadh’s King Khalid International Airport and Aramco facilities in Dhahran, have intensified the conflict and driven trader focus on near-term military actions. These operations, claimed as retaliation for Saudi-led airstrikes and a Yemeni government counteroffensive along the Red Sea coast near Bab al-Mandab, have caused civilian casualties, flight disruptions, and interception efforts by the Saudi-led coalition. Ongoing cross-border exchanges, Houthi vows to target additional sites, and Riyadh’s commitments to firm responses create sustained volatility, with any de-escalation dependent on battlefield shifts or diplomatic pauses in the coming weeks.