Saudi air defenses intercept Houthi drone near Mecca
The Saudi-led coalition said that Saudi air defenses intercepted and destroyed a drone launched by Yemen’s Houthi group near Mecca, Reuters reported on Tuesday.
Major General Turki Al-Malki, spokesperson for the Coalition to Restore Legitimacy in Yemen, stated that the act was a red line and the Coalition will act against Houthis.
The move came a day after the coalition said 13 civilians were injured in missile and drone attacks by the Houthis on Khamis Mushait, Abha and Taif, with seven homes and two vehicles damaged.
Market reaction
At the time of writing, the West Texas Intermediate (WTI) is down 0.85% on the day at $100.10.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Fourth attempt finally approved! Brookfield (BAM.US) acquires Australian pipeline products manufacturer RWC for $2.9 billion, a 32% premium
Brookfield Asset Management has agreed to acquire Reliance Worldwide Corp. in an all-cash deal, valuing the Australian plumbing products company at approximately 4.1 billion Australian dollars (about 2.9 billion US dollars).

Spot Gold Surpasses $4,300 per Ounce, Up 0.16% for the Day
Hyundai Mobis' Earnings Could Be Dragged Lower by Stronger Won -- Market Talk
Japan Capex Outlook Solid on AI Demand, Economic Policy Hopes -- Market Talk
