Houthis target Aden presidential palace with missiles as Saudi Arabia intercepts drones

The Houthi rebels in Yemen have launched a missile attack on the presidential palace in Aden, targeting the airport as well. This escalation in violence comes as the Saudi-led coalition reports intercepting drones over the holy cities of Mecca and Medina. The attack highlights the ongoing conflict in Yemen and its impact on regional stability, which could have implications for global trade and markets, particularly in the Middle East.

Why it matters

The Houthi attack on Aden's presidential palace and airport signals an escalation of the conflict. This could lead to increased instability and uncertainty in the region, affecting investor sentiment and market confidence.

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