Saudi capital Riyadh hit by airstrike, missile interceptions heard overhead

An attack reaching Riyadh itself, rather than border or energy infrastructure, marks a notable escalation in the region's risk profile, and the absence of any claim or casualty count leaves the motive and scale unresolved. For markets, the immediate read is through Gulf stability and the oil complex, since Saudi Arabia sits at the center of both. Whether interception reports translate into confirmed damage, and whether any party claims the strike, are the open questions that will shape how this is priced.