Month: September 2026

Saudi Arabia warns of ‘red line’ after Houthi drone intercepted close to holy city of MeccaSaudi Arabia warns of ‘red line’ after Houthi drone intercepted close to holy city of Mecca

The Iran-aligned militant group rejected the suggestion it had targeted Mecca, while the Organisation of Islamic Cooperation condemned the attack Saudi Arabia’s air defences intercepted and destroyed a ⁠Houthi drone south of Mecca on Tuesday before it entered prohibited airspace over the holy city, according to a ⁠spokesperson for the ...

US 10-year yield hits highest level since 2007US 10-year yield hits highest level since 2007

US Treasury Secretary Scott Bessent defended his bond buyback program in contentious congressional hearings Tuesday, as the 10-year Treasury yield climbed to its highest level since the 2007 global financial crisis. Bessent suggested the spike could have been worse without Treasury’s intervention; he also defended a separate operation to prop ...