🇸🇦 Saudi Arabia

War & Conflict

• All-out warYemen-Red Sea (Houthis)

  The Saudi-led coalition said on Nov. 11 that its air defenses destroyed three Houthi cruise missiles aimed at the Riyadh region before they reached their targets, spokesman Turki al-Maliki said.…

Geopolitics & Diplomacy

• Saudi air defences intercept Houthi cruise missiles aimed at Riyadh for second straight day; Aramco building in Riyadh damaged Nov. 8

  The Saudi-led coalition said it intercepted three Houthi cruise missiles launched toward the Riyadh region on Wednesday, Nov. 11, the second straight day of interceptions, with no casualties or damage. The Houthis claimed four operations with ballistic missiles and drones on Nov. 10 against targets including Riyadh's King Khalid International Airport, pumping stations and an Aramco facility in Abqaiq. On Nov. 8 an Aramco building in Riyadh suffered minor damage from falling shrapnel in what the Energy Ministry called an 'attempted attack'; the Houthis said they targeted the East-West pipeline. Pakistan condemned the attack on Aramco. Houthi attacks on Saudi Arabia have continued since Yemen's truce collapsed in July.

  Sources: middleeasteye.netaljazeera.com

Finance & Economy

• Brent rebounds 1.4% to $92.76 from two-month low

  [Wed 11/11 settlement] Brent (January) rose to $92.76 and WTI (December) to $86.53. Iran's denial of talks and Hormuz risks, with 37 ships reported attacked in October, revived supply concerns. The EIA expects Brent spot to stay near $100 a barrel through year-end.

  Sources: mlq.aieconotimes.com

Tech & Energy

• IEA stock release reaches about 330 million barrels (16 October), alongside further 100 million from G7

  The IEA said that, of the 400 million barrels agreed in March, 325 million had been released as of 3 October and about 330 million as of 16 October, and member countries have pledged to deliver the remaining roughly 100 million barrels (single source: engine.online and others). On 2 October the G7 agreed to release up to a further 100 million barrels over the next four months, centred on diesel. Refined products, especially diesel, are the tightest. No new announcements were reported for 24-26 October.

  Sources: engine.onlineswarajyamag.com

Key relations

• Tension🇾🇪 Yemen → 🇸🇦 Saudi Arabia

  Houthi missiles at Riyadh intercepted two days running

  The Saudi-led coalition intercepted three Houthi cruise missiles aimed at Riyadh on Nov. 11. The Houthis claimed strikes on Nov. 10 on targets including King Khalid airport and an Aramco facility in Abqaiq.