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🚨 πŸ‡ΈπŸ‡¦ Saudi-led coalition says it shot down two Houthi ballistic missiles fired at Riyadh

October 29, 2026 · 2 min read · Pardip Bansal

🚨 πŸ‡ΈπŸ‡¦ Saudi-led coalition says it shot down two Houthi ballistic missiles fired at Riyadh

  • πŸ‡ΈπŸ‡¦ The Saudi-led coalition says its air defences intercepted and destroyed two ballistic missiles fired by Yemen's Houthis towards Riyadh, according to its spokesman (); no damage or casualties have been reported
  • πŸ‡ΊπŸ‡Έ Exxon and Chevron have cancelled plans to send executives to next week's ADIPEC oil conference in the UAE on security grounds, newswires report citing two sources ()

FO view: The coalition statement turns the earlier unconfirmed Riyadh reports into a confirmed Houthi missile attack on the Saudi capital, and the US majors' travel cancellations show Gulf security risk spreading into corporate plans.

Not investment advice.

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