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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 coalition and the Iran-aligned Houthi movement. The event matters for markets because Gulf geopolitical risk can affect oil prices and regional asset sentiment. Watch for follow-up strikes, official statements from both sides, and any reaction in crude benchmarks.

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Saudi-led coalition, Houthi, Riyadh