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Today’s Brief

Seoul's chip stocks drop 7.4%

Wars widen as markets question AI debt and governments unwind old taboos in Europe

The day brought a familiar mix of hard power and brittle systems. Missiles tested ceasefire claims, markets tested the AI boom, and governments from Budapest to Jakarta found that old choices still send today's bill.

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  • EU opens accession talks for Ukraine

    EU opens negotiation clusters on internal market and competitiveness for Ukraine in Luxembourg after Hungary lifts veto.

  • French student protests escalate

    Reported dozens of injuries and arrests following violent clashes between police and protesters across France during the fifth round of student demonstrations.

  • Japanese journalist arrested in Russia

    Russian security services detain a Japanese journalist in Sakhalin on espionage charges and transfer him to Moscow.

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World · Updated 26m ago

The US under Trump: second term

Reactions to the diesel arrangement and ICC sanctions deepen existing tensions, but no new discrete US policy decision occurred.

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Photo: Daniel Torok, Public domain (Wikimedia Commons, cropped)
Conflicts·16h ago

Trump accuses Houthis of pushing up oil prices after Riyadh airport strike

Houthi rebels claimed a strike on Riyadh's airport on Saturday, 10 October, that killed at least 13 people by some counts. Saudi Arabia's coalition is now asking civilians in Sanaa to leave a fuel site ahead of a possible strike.

Trump blames the Houthis for oil price moves

President Donald Trump said on Tuesday, 13 October, that Yemen's Houthi militants were deliberately trying to drive up oil prices before the US midterm elections on 3 November. In a Truth Social post he wrote that the group had resumed attacks at Iran's behest after a period of relative quiet that followed US strikes in Yemen in 2025. He said he had thought the Houthis had learned their lesson, and that his warning was not limited to the vote. Trump's words on the group were:

The Houthis are behaving very badly

— Donald Trump

He made clear the warning would outlast the ballot, writing:

I'll be there after the elections, and I will never forget!

— Donald Trump

Earlier on Tuesday, Trump told reporters he "might" ask Turkish President Recep Tayyip Erdogan to intervene in support of Saudi interests, saying Erdogan would do as he asked.

Riyadh airport strikes and Saudi warnings

Houthi attacks have included strikes on Riyadh's King Khalid International Airport, which was forced to close. A strike there on Saturday, 10 October, killed at least 13 people and wounded more than 300 by some counts. Other reports give at least 12 dead, and one account counted at least 18 dead across the series of strikes on the airport. On Sunday, 11 October, one more person was killed and nearly a dozen were hurt in another attack on the airport. The Houthis claimed responsibility for the deadliest attack in Saudi Arabia in more than a decade, and several airlines have suspended service to the kingdom. Saudi Arabia had stopped issuing public warnings of imminent attacks days before the strikes, and the government has not said why. The civil defence agency and the government media office did not respond to emailed questions.

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Ground fighting and threats in Yemen

The Saudi-led coalition issued a rare statement on Tuesday asking civilians in Sanaa to leave the Yemeni Oil Company site and nearby storage areas in al-Subaha ahead of a possible strike. The area sits on a hill overlooking the capital and is not densely populated, but a fuel station nearby is used by the public. Houthi military spokesman Yahya Saree said on Telegram that any Saudi attack on Sanaa would meet a "firm and painful" response in Riyadh. The coalition's spokesman, Turki al Maliki, said on social media that three ballistic missiles had been intercepted and destroyed, two aimed at Jamis Mushait in the southwest and one at Riyadh.

Ballistic missiles intercepted by coalition, by target · missiles
Jamis Mushait
2
Riyadh
1
Jamis Mushait
2 missiles
Riyadh
1 missiles

The Houthis, who control large parts of Yemen, have fought the Saudi-backed government since 2014. The escalation followed the rebels seizing key areas along the Bab el-Mandeb Strait in September, a waterway critical for Gulf oil shipments. Yemeni government forces announced a large-scale offensive on 4 October to recover territory captured by the Houthis and to advance toward Sanaa, backed by the Riyadh-led coalition.

Key dates in the Houthi escalation against Saudi Arabia
  1. 2026-09Houthis seize key areas along the Bab el-Mandeb Strait
  2. Oct 4, 2026Houthis capture a key town near Taiz, largely encircling the city
  3. Oct 10, 2026Strike on Riyadh airport kills 12 or 13 people, depending on report, and wounds more than 300
  4. Oct 11, 2026Second attack on the airport kills one more person
  5. Oct 13, 2026Trump accuses Houthis of seeking to raise oil prices before the midterms

In Taiz, Yemen's third largest city with more than 1 million residents, the Houthis captured a key town on 4 October, largely encircling the city and cutting off most access to supplies from government-held areas. Residents said diesel and cooking gas supplies were running low, and merchants were raising food and water prices.

Diplomacy and sporting fallout

Egypt's Foreign Minister Badr Abdelatty called for the Houthis to halt attacks on Saudi Arabia immediately, and urged diplomacy between Iran and the United States to avert further escalation. On Monday, 12 October, Erdogan said Turkey stands with Saudi Arabia against what he called lawless and inhumane attacks. On Tuesday he told Crown Prince Mohammed bin Salman in a call that Turkey would stand by the kingdom, according to the Turkish presidency's communications office.

Sport is also affected. The Asian Tour said it is closely monitoring the situation ahead of the PIF Saudi International at Riyadh Golf Club from 18 to 21 November, and that any schedule changes will be announced once a course of action is set. The circuit stated:

The safety of our players, staff and service teams is always our number one priority.

— Asian Tour

Football Australia said its security team is also monitoring the situation, ahead of the Asian Cup in Saudi Arabia from 7 January to 5 February 2027, with 24 teams and five of the eight venues in Riyadh.

Riyadh · Sanaa · Taiz
Donald TrumpRecep Tayyip ErdoganMohammed bin SalmanYahya SareeBadr AbdelattyAbbas Araghchi
RiyadhDonald TrumpSanaaAbbas AraghchiBadr AbdelattyMohammed bin Salman Al SaudRecep Tayyip ErdoğanTaiz

8 sources

  • Trump says Houthis trying to drive up oil prices ahead of US midterm elections
    Reuters·4h ago
  • Saudis and Yemen's Houthi rebels exchange threats to escalate conflict
    AP NEWS·7h ago
  • Asian Tour 'closely monitoring' situation in Saudi Arabia after deadly attacks
    Reuters·9h ago
  • La coalición liderara por Arabia Saudí intercepta tres misiles...
    europa press·15h ago
  • Fear strikes Yemen's 3rd largest city Taiz as Houthi rebels encircle it in a new siege
    AP NEWS·15h ago
  • Saudi warning system stayed silent before deadly airport attacks
    Reuters·20h ago
  • Husilerin saldırıları: Trump'tan Türkiye sorusuna yanıt
    Deutsche Welle·2h ago
  • Trump warnt Huthi-Miliz: "Ich werde niemals vergessen"
    watson.ch/·2h ago

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AI-generated text·
Conflicts·10h ago

Houthi missile strikes on Riyadh's King Khalid airport leave at least 13 dead

Saudi Arabia has halted operations at Riyadh's King Khalid airport until 17 October after a run of strikes. Saudi authorities had stopped issuing public warnings days before the attacks, and the first new alerts came on Monday, 12 October.

Read article
Conflicts·Sep 21

Iran threatens strikes on US bases as Houthi attacks hit Saudi oil facilities

Tehran warned it will target American regional bases if struck, following Houthi drone and missile strikes on Riyadh and Yanbu that pushed crude oil above $100 per barrel.

Read article
Conflicts·Sep 20

Houthis attack Riyadh and Yanbu oil facilities as Turkey pledges military aid

Yemen's Houthi rebels launched missiles and drones at Riyadh and Yanbu on Saturday, prompting Turkey to offer defense backing and the United States to issue global security warnings.

Read article
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