Two loud blasts heard in Saudi capital Riyadh

Unidentified blasts in a Gulf capital are a reminder that geopolitical risk premia can reprice quickly, and Riyadh's role as a regional financial and energy hub means markets watch such events closely even before causes are confirmed. The immediate effect is uncertainty rather than direction: with no claim of responsibility or official explanation, the signal is thin. What matters next is whether authorities attribute the blasts and whether the incident proves isolated — that distinction will determine if this stays a local security story or becomes a broader regional risk factor.