Recent Houthi ballistic missile and drone strikes on Saudi airports, including deadly attacks on Riyadh's King Khalid International Airport in early October 2026, underscore the group's operational reach and Iranian backing amid the ongoing Yemen conflict. These actions, aimed at pressuring Saudi support for Yemeni government forces, have not extended to direct strikes on Israel since the 2026 Iran war ceasefire paused earlier attacks that resumed briefly in March. Traders weigh sustained Houthi threats tied to regional escalation, potential U.S. or Israeli responses, and any shifts in Iranian coordination or Yemeni ground dynamics that could prompt renewed targeting of Israeli territory or shipping lanes before key deadlines.