Recent Houthi missile and drone attacks on Riyadh’s King Khalid International Airport in October 2026, including strikes that killed at least 14 people and prompted extended airport suspensions through October 17, have driven localized flight cancellations and international safety advisories from the FAA and EASA. Saudi authorities continue safety assessments and investigations into air defense gaps without issuing a nationwide NOTAM closing the Jeddah Flight Information Region to commercial traffic. Airlines have rerouted some services while operations persist at Jeddah and other hubs. Traders assign low implied probabilities to a qualifying full airspace closure by late October or December, reflecting Saudi Arabia’s pattern of managing regional threats through targeted restrictions rather than broad shutdowns. Further escalations or official orders could shift positioning before year-end resolution windows.