Country: SA | Published: 2026-09-16
Saudi markets continue to revolve around the Houthi escalation, with the coalition reporting a drone destroyed near Mecca and Riyadh calling the attempted attack a red line while t
Saudi markets continue to revolve around the Houthi escalation, with the coalition reporting a drone destroyed near Mecca and Riyadh calling the attempted attack a red line while the rebels deny involvement. The pipeline closure keeps crude flows in focus, with some cargoes cancelled and additional oil offered through Oman, and recovery there looks like a slow process rather than a quick fix. International reactions are piling up, from India condemning the Mecca incident to the US urging travelers to reconsider trips, while Indonesia has alerted its citizens in the kingdom.