Debris from two intercepted ballistic missiles damaged a building, a construction project and a vehicle in Riyadh on Tuesday, according to Saudi Civil Defense.
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Oil prices rose in early Wednesday trading after Yemeni Houthi militants claimed to have struck Saudi Arabia’s biggest refinery and Abha International Airport, raising concerns about potential supply disruption.
Houthi attacks on Saudi Arabia are upending Riyadh Air’s launch by forcing it to shift operations away from the capital and cancel flights, disrupting the new airline’s efforts to establish itself as a premium name in global aviation.
Saudi Aramco is investing in oil storage as it seeks to offer stronger operational resilience in the event of future energy shocks like those experienced this year.
