Saudi Arabia's main airport, King Khalid International in Riyadh, came under renewed attack on Sunday, a day after a strike killed 12 people and injured over 300. An unidentified projectile hit a passenger terminal, sparking a blaze, while air defenses intercepted a missile near the Saudi capital. The attacks, claimed by Yemen's Houthi rebels, mark the deadliest violence in Saudi Arabia since the Iran war began in late February.
The incidents have pressured the economy as it prepares to host major events, including the 25th World Petroleum Congress and the Future Investment Initiative. Executives from BP Plc and Shell Plc pulled out of the energy event, though authorities say the gatherings are proceeding. The attacks underscore regional instability as the Houthis, who seized Sanaa in 2014, have escalated strikes on Saudi infrastructure, targeting the Bab el-Mandeb shipping choke-point.
Authorities have not specified the extent of the latest damage or the attack's origin.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing