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A Saudi-led coalition reported intercepting two drones over Riyadh and the country's south, according to a First Squawk headline. The brief statement gave no details on damage, casualties, or the origin of the drones. The intercepts matter because the coalition's air-defense performance is a barometer for regional risk, which can move oil prices and Gulf assets. Watch for follow-up claims from the coalition or Yemen's Houthi movement, and any sign of disruption to Saudi oil infrastructure or flights.

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Saudi-led coalition, Riyadh