Saudi-led Coalition Intercepts Missiles, Drones Amid Rising Regional Tensions

The Saudi-led coalition announced the interception of multiple Houthi missiles and drones targeting Riyadh, Yanbu, and Red Sea areas, marking a sustained escalation of attacks. These strikes, including on a major oil pipeline terminus and shipping chokepoints, heighten geopolitical risks in the world's largest oil-exporting region. The UN Security Council has condemned the escalating Houthi attacks on Saudi Arabia and commercial shipping. This ongoing conflict could contribute to higher crude oil prices and increased safe-haven demand for gold, potentially impacting USD/PKR due to import costs.

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