10,360.74TASI · Sunday, Oct. 11 close · −0.15%

DailyDrop.

3.75USD/SAR · official pegged rate (not a live rate)
TASI10,360.74▼0.15%10/11USD/SAR3.75-0.00%10/11S&P 5007,811.54▲0.59%10/9WTI$91.85▲0.39%10/9Gold$4,216.30▲1.43%10/9
Saudi Arabia · SecurityPress ✓ 9 outlets · attribution of the attacks to the Houthis comes from the coalition and from their own claim

New attack on King Khalid Airport a day after a strike that killed 13; the Houthis announce they targeted the Riyadh and Dammam airports and Aramco facilities

The coalition said a projectile started a fire in Terminal 4 at Riyadh airport on Sunday afternoon, and the General Authority of Civil Aviation said Dammam airport was attacked in the evening, while the closure of the capital’s airport was extended.

The General Authority of Civil Aviation announced that King Khalid International Airport in Riyadh was subjected to a new attack on the afternoon of Sunday, October 11 that caused casualties, and that it is completing its assessment of the damage. The spokesman of the Saudi-led coalition, Maj. Gen. Turki al-Maliki, said a projectile hit Terminal 4 and caused a fire, and that air defenses destroyed a cruise missile in the airport’s vicinity, according to Saudi Gazette, Okaz, Al-Watan and Bloomberg. AFP reported that its journalists and residents heard two explosions in the capital.

In the evening the Authority announced that King Fahd International Airport in Dammam, in the east of the kingdom, was attacked, and that damage assessment is under way, according to Okaz, Sky News Arabia and Al Arabiya. Asharq Al-Awsat reported that the coalition intercepted a ballistic missile and a drone heading toward al-Kharj and the Eastern Province. The Houthis claimed responsibility for the Riyadh attack, and said they struck Dammam airport and Aramco facilities in the Eastern Province, according to Sky News Arabia, Le Monde and France 24. We found no Saudi confirmation that Aramco facilities were hit, so we treat it as a claim.

The Authority had announced the toll of Saturday’s strike, October 10: 12 dead and 309 wounded, the deadliest on the kingdom’s soil in more than a decade according to CBS, and it occurred without an alert from the warning system according to The Japan Times. The toll then rose to 13 after an Indian died of his wounds, according to the Sydney Morning Herald citing Saudi officials, a figure also reported by Le Monde, Livemint and France 24. Among the victims and the wounded are workers and residents: a Jordanian father of two, an Egyptian flight attendant, four Filipinos wounded, three of them in intensive care, and eleven Indians.

The new wave comes a week after the attacks on Saudi airports: on Thursday, October 8 the Authority said three Saudis, among them a captain with Saudia, were killed in strikes on Riyadh airport, which was reopened on Friday. On the Yemeni front, the chairman of the Presidential Leadership Council, Rashad al-Alimi, said his government is moving ahead with Saudi Arabia to end the Houthi threat, and the Yemeni army said it retook positions in Taiz and carried out raids in Marib, according to Okaz and Antara. The former Secretary-General of the Arab League, Amr Moussa, called for an urgent meeting of Arab foreign ministers in Riyadh, according to Okaz.

As for reactions, the closure of Riyadh airport was extended according to the Associated Press and Politico, the Houthis renewed their warning to airlines, travelers and workers against using Saudi airports according to Reuters, and the coalition vowed to respond. The Washington Post said Riyadh has pledged a major response. Health Minister Fahad al-Jalajel visited the wounded in the capital’s hospitals.

In DailyDrop’s reading, the targeting widened within 24 hours from one airport to two airports and possible energy facilities, which raises aviation and energy risks together, and the toll in Dammam and at Aramco remains unannounced. Today, Monday, we are following: the coalition’s response, the reopening of the two airports, Washington’s decision, and the opening of the Saudi market.

Open the story and DailyDrop’s take
By the numbers
13dead on Saturday after an Indian died of his wounds (12 in the Authority’s first announcement)
309wounded according to the latest announced toll
2airports targeted on Sunday: Riyadh and Dammam
United States · Saudi ArabiaPress ✓ 5 outlets · statements attributed to those who made them

Trump calls the attack “unacceptable” and plans to speak with the Crown Prince; Rubio: Washington stands with Saudi Arabia

President Trump said the Houthi attack on Riyadh airport was “unacceptable” and that he plans to speak with Crown Prince Mohammed bin Salman, according to the BBC. Secretary of State Marco Rubio condemned the attack and said Washington stands with Saudi Arabia, according to Saudi Gazette. Trump has not announced a decision.

The Washington Post said the United States has not yet provided direct military support against the Houthis and that Trump is considering joining strikes on them. Kaja Kallas, the European Union’s foreign policy chief, called the attack a “horrific terrorist act”, and it was condemned by the “Quartet”: Saudi Arabia, Egypt, Pakistan and Turkey.

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Word of the day
The QuartetPolitics

A group of four countries: Saudi Arabia, Egypt, Pakistan and Turkey, which issued a joint statement condemning the Houthi attacks.


Markets · TadawulPress ✓ 3 sources · closing figures from local newspapers

TASI closes the first session after Saturday’s strike down 0.15% at 10,360.74 points, with shares of 151 companies falling

The main Saudi market index, TASI, ended Sunday’s session, October 11, with a loss of 15.54 points, or about 0.15%, at 10,360.74 points, according to Al-Watan and Asharq Al-Awsat, and traded value reached SAR 2.6 billion. Shares of 151 companies fell against a rise in 107. Reuters had reported that Saudi stocks fell after the attack. The index ended Thursday at about 10,376 points, so the decline is limited relative to the size of the event.

News of Sunday’s attacks appeared after the close, going by the time of their publication, so the index did not reflect them. In global markets the S&P 500 closed on Friday, October 9, at 7,811.54 points, up 0.59%, gold rose 1.43% to $4,216.3 per ounce, and West Texas Intermediate rose 0.39% to $91.85, according to closing data. The International Energy Agency called for speeding up drawdowns from oil reserves, according to Asharq Al-Awsat. We do not predict today’s open and are following it.

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Russia · Ukraine · EnergyPress ✓ 6 outlets · the announcement is Trump’s, with no confirmation from Moscow

Trump announces a “ceasefire in the energy sector” between Russia and Ukraine, Zelensky: “news to me”, and Russia hits a power plant in Kharkiv

President Trump wrote on Truth Social on Sunday that a ceasefire in the energy sector between Russia and Ukraine takes effect “immediately” and that both sides agreed to it, and urged them not to violate it, without details, according to Okaz, Reuters, the BBC and CNBC. Ukrainian President Volodymyr Zelensky told Axios the announcement was “news to me”, and that his country supports the agreement if Russia complies and is waiting for details from Washington.

Ukrainian officials told ABC that a thermal power plant in Kharkiv was hit at least twice and caught fire hours after the announcement, according to ABC and The Hill. We found no confirmation from Moscow. This comes amid criticism of Trump’s deal with Russia over diesel exports, according to The Hill. In DailyDrop’s reading, the truce matters to Saudi Arabia because it touches the oil and diesel market at a time when the Hormuz crisis is pressing on supplies, but it remains an announcement until Moscow confirms it.

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Iran · EnergyPress ✓ 4 outlets · statements attributed to those who made them

Iran: Washington’s response to the proposal to reopen Hormuz is “insufficient”, a tanker with an Indian crew is hit by a projectile, and Abdulaziz bin Salman announces alternative pipelines

Iranian security official Mohsen Rezaei, according to state television as relayed by Reuters, said the United States’ response to Iran’s seven conditions for reopening the Strait of Hormuz is “insufficient”. UK Maritime Trade Operations said a tanker that was leaving the strait was hit by an unidentified projectile and that the crew are safe, and India’s shipping minister said all eleven Indian crew members are safe aboard the Marshall Islands-flagged tanker Valthera, according to Okaz and Financial Juice. Okaz reported that Washington is holding to the blockade of Iran.

In Riyadh, Energy Minister Prince Abdulaziz bin Salman said at the opening of the International Energy Forum that the kingdom is developing additional pipelines to provide alternative routes to the Strait of Hormuz and will continue to meet its commitments to the markets, according to Okaz, Saudi Gazette and Asharq Al-Awsat. In DailyDrop’s reading, the Hormuz crisis intersects with the Houthi attacks on airports and energy facilities, so security of supply becomes the test of the week.

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In brief
  • The S&P 500 closed on Friday at 7,811.54 points (+0.59%), the Nasdaq at 27,366.17 (+0.64%) and the Dow Jones at 51,654.95 (+0.83%)Closing data
  • Gold $4,216.3 (+1.43%) and West Texas Intermediate $91.85 (+0.39%)Closing data
  • A migrant boat sinks off Djibouti on its way to Yemen: 139 dead and 84 missing according to the United NationsCNA, Livemint, Le Temps
  • “Passports” (Jawazat): regularizing the status of four categories of Yemenis is made available through the Qiwa and Musaned platformsSaudi Gazette, Okaz, Al-Watan
  • “Citizen Account” deposits SAR 3.1 billion for beneficiaries of the October paymentOkaz
  • Pakistan’s foreign minister: our country is committed to the kingdom’s sovereignty under the mutual defense agreement (one source)Financial Juice
  • Oil company chiefs withdraw from the energy conference in Riyadh after the strike (headline only, one source)Financial Times
  • The Yemeni army retakes positions in Taiz and carries out raids on the Houthis in MaribOkaz, Antara
Seven minutes every morning, one front page

Unverified — what we could not confirm

“The Houthis hit Aramco facilities in the Eastern Province.” This is the group’s claim according to Le Monde and France 24. We found no Saudi confirmation or description of damage, so we treat it as unconfirmed.
“A strike on Sanaa airport in response to the Riyadh attack.” A television channel run by the group reported a strike on Sanaa airport, according to Reuters. No party has claimed responsibility or linked it to the Riyadh attack.
“Russia and Ukraine agreed to a ceasefire in energy.” This is Trump’s announcement. Zelensky said he learned of it from the media, Russia hit a plant in Kharkiv hours later, and Moscow has not confirmed it.

Influencer watch

  • Donald Trump Truth Social · 10/11Trump wrote on Truth Social that an energy ceasefire between Russia and Ukraine takes effect immediately and told both sides not to break it.
  • Kaja Kallas X · 10/11Kaja Kallas posted on X that the Houthi attack on Riyadh airport was an "appalling act of terror" and reaffirmed EU solidarity with Saudi Arabia.
  • António Guterres X · 10/11Antonio Guterres said in a post on X he was "deeply shocked" by the Houthi attack on King Khalid airport and called for an immediate end to such attacks.
  • نوال الزغبي X · 10/11Singer Nawal Al Zoghbi replied on X to a post calling her "stuck in Riyadh" that she is among her family and people, and prayed for the Kingdom's protection.

Statements as posted, not fact-checked.

Glossary · dotted words — economic, security and political terms explained in the context of the story. The list grows every day.
INSIDENew attack on King Khalid Airport a day after a strike that killed 13; the Houthis announce they targeted the Riyadh and Dammam airports and Aramco facilitiesSaudi Arabia · SecurityTrump calls the attack “unacceptable” and plans to speak with the Crown Prince; Rubio: Washington stands with Saudi ArabiaUnited States · Saudi ArabiaTASI closes the first session after Saturday’s strike down 0.15% at 10,360.74 points, with shares of 151 companies fallingMarkets · TadawulTrump announces a “ceasefire in the energy sector” between Russia and Ukraine, Zelensky: “news to me”, and Russia hits a power plant in KharkivRussia · Ukraine · EnergyIran: Washington’s response to the proposal to reopen Hormuz is “insufficient”, a tanker with an Indian crew is hit by a projectile, and Abdulaziz bin Salman announces alternative pipelinesIran · Energy