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Saudi Arabia Says It Downed 10 Houthi Missiles Aimed at Its South
Riyadh's main airport reopened Sunday even as drones and missiles flew at the capital. Brent ended last week at $116.72, its highest settle since April.
Saudi air defenses shot down 10 ballistic missiles fired by Yemen's Houthis at the kingdom's south on Sunday, the Saudi-led coalition said. More drones and a ballistic missile were stopped on their way to Riyadh.
The oil link is direct. The Houthis said their targets included Saudi Aramco facilities in Yanbu, and Brent crude settled at $116.72 a barrel on Friday, its highest close since April 29, per CNBC. Pricier oil feeds inflation worries, and that makes rate cuts harder to argue for in a Fed week.
Shrapnel fell in Mecca province
Coalition spokesman Turki Al-Maliki also reported a cruise missile intercepted near Khamis Mushait, according to the Saudi Press Agency as cited by CNBC. Saudi Civil Defence said debris from two intercepted missiles landed in Jeddah, Taif and other parts of Mecca province, Al Jazeera reported.
The Houthis said on Telegram they carried out seven operations against airports, energy sites and military bases. They denied aiming at Muslim holy sites. Saudi Aramco did not immediately respond to CNBC.
The airport reopened anyway
King Khalid International Airport in Riyadh resumed flights Sunday, with Terminal 2 for international routes and Terminal 1 for domestic ones. It had shut after an Oct. 10 strike that killed 13 people.
Bitcoin barely reacted. It traded near $80,580 at 11:55 a.m. ET, up 1.3% in 24 hours, per CoinGecko. Oil futures reopen Sunday evening, and the Fed announces its decision Oct. 28, per its official calendar.
Sources: CNBC · Al Jazeera · Kitco (Brent above $116) · CoinGecko
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