A post by @FirstSquawk on X.

A Saudi-led coalition intercepted three Houthi cruise missiles launched toward Riyadh, according to a First Squawk report. The interception marks a renewed flare-up in the long-running conflict between the Saudi-backed government and the Iran-aligned Houthi movement. The event matters for markets because Gulf escalation has repeatedly proven a catalyst for oil price volatility and risk-off moves across regional assets. Traders will watch for retaliatory strikes, any disruption to Saudi oil infrastructure and shipping lanes, and follow-up statements from the coalition.