Explosions heard in Saudi capital as airport prepares to reopen

Explosions were heard in the Saudi capital, Riyadh, as the city's airport prepares to reopen after a series of attacks by the Iran-backed Houthi group. This comes as Saudi Arabia continues to face a barrage of strikes from the group, which has been a major concern for the country's economy and security. The ongoing conflict has the potential to impact global oil prices and trade, as Saudi Arabia is a significant player in the global oil market.

Why it matters

The recent barrage of strikes from the Iran-backed Houthis has increased tensions and instability in the region. This could lead to a decrease in investor confidence and a subsequent decline in Saudi assets.

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