Saudi Arabia intercepts Houthi missiles; falling debris injures two

The scale of the day's interception — 12 missiles and two drones per the coalition spokesman, with two more cited by Civil Defense — points to a sustained rather than sporadic launch tempo, and the reported injuries and property damage in Asir show that interception does not equal zero cost on the ground. For regional markets and infrastructure operators, the relevant signal is the breadth of targets across multiple locations, which raises questions about airspace and shipping risk in the broader Gulf. Whether this pace holds, and whether further debris incidents shift public or official risk assessments, is the open question worth watching.