Impact on assets
Theme Impact 4
Missiles & Precision-Guided MunitionsDefense & Geopolitical Fragmentation
Loitering Munitions & Combat UASDefense & Geopolitical Fragmentation
Counter-UAS / Counter-DroneDefense & Geopolitical Fragmentation
Defense Primes — Europe & AsiaDefense & Geopolitical Fragmentation
Off-coverage companies
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Iranian President Masoud Pezeshkian said that ending the war, now in its seventh month, depends on a decision by the United States. Speaking in an interview with Fox News broadcast on Thursday, September 24, he said America must choose whether to end this, after being asked whether the war could end by the end of this year. Fighting continues, with Houthi forces launching a barrage of missiles and drones at targets in Saudi Arabia on the morning of September 25. Saudi authorities said they intercepted six missiles and issued alerts in Mecca, Jeddah and Yanbu. Saudi Arabia, Turkey and Pakistan are preparing an emergency meeting of military commanders to discuss ways to assist Saudi Arabia under the joint Mecca defense agreement, and Saudi Arabia's Grand Mufti called on forces to be ready to fight the Houthis until the group is removed from power. Pezeshkian said the Houthis must take responsibility for their own actions and that Iran is not in a state of war with Saudi Arabia. The Iran issue was also raised at the US-China summit in Washington, where Chinese President Xi Jinping, during a three-day visit to the United States, discussed a range of issues with President Donald Trump, including trade, artificial intelligence, Taiwan and Iran. Zhai Jun, China's special envoy for the Middle East, said the situation in the Middle East was one of the key issues discussed by the US and Chinese leaders, and said the shared views of both sides are important for defusing the conflict. Trump wants China to help pressure Iran to find a way to end the war, after the United States and Iran returned to indirect talks on the sidelines of the United Nations General Assembly in New York. Iranian officials have signaled that the Strait of Hormuz could reopen within seven days if the United States begins to ease its maritime blockade of Iranian ports.
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France to send military equipment to help defend Saudi Arabia's Yanbu
French President Emmanuel Macron has revealed that France is preparing to send military equipment to help defend Yanbu, a key industrial and energy hub on Saudi Arabia's Red Sea coast. In an interview with French television station TF1 on Thursday, September 24, he said France had reached a final agreement in talks with Saudi Arabia on sending military equipment to protect the area, including troops, radar and air defense systems. Asked about the possibility of sending Rafale fighter jets, Macron said France would consider it based on changes in the situation and necessity, noting, "We already have some fighter jets stationed in this region." The French leader said the most important thing for him was "bringing energy prices down," and also mentioned the need to release oil from reserves and restore smooth transport routes in the Middle East. Xinhua News Agency reported that Macron's remarks came after Yemen's Houthi group said on Saturday, September 19, that it had launched a large-scale attack in Saudi Arabia, targeting the Saudi capital Riyadh and the city of Yanbu, marking a major escalation of the conflict between the two sides. Earlier on Thursday, the Saudi-led coalition said its air defense systems had intercepted six Houthi ballistic missiles aimed at the Saudi cities of Taif and Yanbu, while Saudi Arabia continued its air strikes against Houthi-held areas across Yemen.
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Houthis claim missile and drone strikes on Riyadh and Aramco facility in Yanbu
Yemen's Houthi group said on the evening of Thursday, September 24, that it had fired missiles and sent drones to attack highly sensitive targets in Riyadh, the capital of Saudi Arabia, as well as a facility belonging to Aramco in Yanbu, a Red Sea port city. It marks a new round of long-range attacks amid an intensifying conflict with Saudi Arabia. A statement carried on Al-Masirah television, which is run by the Houthi group, said Yahya Saree, the group's military spokesman, announced that Houthi armed forces carried out two separate operations, one targeting an area in Riyadh and the other targeting the Aramco facility in Yanbu, using ballistic missiles, cruise missiles and a number of drones, and claimed that both operations achieved their objectives. Saree, however, did not specify the target in Riyadh and gave no details on damage or the number of dead and wounded. Saree added that this round of attacks was in response to Saudi forces continuing to carry out airstrikes and fire missiles at areas controlled by the Houthis in Yemen, and claimed that Saudi forces had carried out a total of 1,018 airstrikes and missile launches since the latest round of conflict began, causing civilian deaths and injuries as well as damage to infrastructure. The Houthi spokesman confirmed that the group will continue its retaliatory operations as long as Saudi military operations continue, reiterating the policy Saree described as escalating violence in response to escalation. Xinhua reported that the latest retaliatory attacks reflect the widening confrontation between Saudi Arabia and the Houthis, with both sides stepping up long-range attacks in recent weeks alongside increasingly intense ground fighting in Yemen.