Recent Houthi missile and drone strikes have sharply escalated tensions with Saudi Arabia, including multiple attacks on Riyadh’s King Khalid International Airport. The deadliest occurred on October 10, 2026, killing at least 13 people and wounding over 300, prompting suspension of operations through at least October 17 and widespread flight cancellations. These followed a Saudi-backed Yemeni government offensive aimed at retaking Red Sea coast territory and the Bab al-Mandab Strait from Houthi forces. Saudi-led coalition airstrikes continue in Yemen while air defenses have intercepted some but not all projectiles, with Houthis also targeting other airports and warning against flights or operations at oil facilities. Traders monitor ongoing exchanges, Saudi response options, and any diplomatic signals that could alter the pace of cross-border strikes in the near term.