Houthis Strike Aden Presidential Palace for First Time; Saudi Infrastructure Under Pressure as IMF Cuts Growth Forecast

English summary

Yemen's Houthis launched their first missile and drone attack on the Maashiq Palace in Aden on Oct 15, killing 5 and injuring 16. Meanwhile, Saudi airports and Aramco facilities face sustained attacks, with Riyadh airport halting operations multiple times. Consequently, the IMF cut Saudi Arabia's 2026 growth forecast to -3.3%, driving up global energy and shipping costs and putting upward pressure on oil prices.