Military coalition led by Saudi Arabia that intervenes in Yemen's civil war in support of the internationally recognised government.
Saudi Arabia's Energy Ministry confirmed a hit on an Aramco office building in Dhahran, days after 14 died at Riyadh's airport. The Houthis also claim a Riyadh refinery, and the damage confirmed so far is to an airport and an office building.
Reality
Saudi Arabia's Energy Ministry said a limited fire broke out in an Aramco administrative building in the Eastern Province on Tuesday, with no injuries. The report quantifies flight cancellations but does not mention oil output, so travel is where Gulf-exposed operators can measure risk today.
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Riyadh's King Khalid International Airport shut after an attack killed 12 people on Saturday. Within hours President Trump said the US "may" join Saudi strikes on the Houthis, a step that would take Washington from backing the Saudi offensive to fighting in it.
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Houthi spokesman Yahya Saree named every Saudi airport outside Mecca and Medina a potential target, a day after a strike killed 12 at Riyadh's airport. For Gulf aviation the cost so far is closed airports and cancelled flights from three neighbours, and how far it spreads depends on whether US forces join Saudi strikes.
Reality
Twelve people were killed in Riyadh when a Houthi strike hit King Khalid International Airport, Al Jazeera reported. Operators with Gulf energy or logistics exposure now have to decide how long to price Saudi civilian sites as targets.
Reality
Houthi strikes on Riyadh's King Khalid airport killed three people, including a Saudia pilot, Saudi authorities said. The one market price in the coverage, a bet on Houthi forces entering Aden, slipped anyway, because it settles on the ground war in Yemen.
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Saudi-backed Yemeni forces said they secured Bab el-Mandeb from the Houthis a day after launching their Dawn of Yemen offensive. Any easing of Red Sea shipping risk depends on that hold lasting, in an oil market where Iran still calls the Strait of Hormuz closed.
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