UK to Deploy RAF Typhoons to Defend Saudi Cities From Houthi Attacks

Britain plans to send RAF Typhoon fighters to defend Saudi cities against Houthi missiles and drones, as the attacks test the kingdom's defenses and add to its economic pressures. Saudi Arabia's substantial wealth contrasts with tighter cash flows, with spending up 15% in the first half of 2026. Oil moved higher as attacks on ships in the Strait of Hormuz threatened crude deliveries, underscoring the stakes for global energy markets. The developments put a spotlight on the security of key shipping routes and the potential knock-on effects for prices. Meanwhile, Asian shares and US markets gained as stronger American AI earnings revived enthusiasm for the trade, offering a contrasting note of optimism against the geopolitical tensions dominating the energy picture.