{"id":104983,"date":"2026-03-08T00:00:00","date_gmt":"2026-03-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?p=104983"},"modified":"2026-03-08T03:36:51","modified_gmt":"2026-03-08T03:36:51","slug":"this-morning-saudi-air-defences-intercept-weekend-barrage-targeting-oil-fields-and-air-bases","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2026\/03\/08\/this-morning-saudi-air-defences-intercept-weekend-barrage-targeting-oil-fields-and-air-bases\/","title":{"rendered":"THIS MORNING: Saudi air defences intercept weekend barrage targeting oil fields and air bases"},"content":{"rendered":"<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Good morning, wonderful people<\/strong>. The war (yes, it\u2019s a war, regardless of what the Trump administration might say) officially entered its second week, and it\u2019s hard to believe it has only been a week when looking at the pace of escalation.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>A<\/strong><strong>s things stand: <\/strong>US President Donald Trump <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/iran-war-enters-second-week-trump-demands-unconditional-surrender-2026-03-07\/\" target=\"_blank\" rel=\"noopener\">told reporters<\/a> yesterday that his administration will keep attacking Iran until the country no longer has a military or leaders in power. \u201cAt some point, I don't think there will be anybody left maybe to say \u2018We surrender,\u2019\u201d Trump said. His remarks came shortly after equally jarring remarks from the Iranian side \u2014 \u201cas long as the presence of US bases in the region continue, the countries will not enjoy peace,\u201d Iran\u2019s speaker of parliament <a href=\"https:\/\/x.com\/mb_ghalibaf\/status\/2030322032080978025\" target=\"_blank\" rel=\"noopener\">wrote on X<\/a>.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>MEANWHILE AT HOME- Riyadh could retaliate if Iran\u2019s attacks persist: <\/strong>Saudi Arabia remains committed to a diplomatic resolution to Iran\u2019s standoff with the US and Israel, but warned Tehran that further attacks could prompt a retaliatory response, <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/saudi-has-told-iran-not-attack-it-warns-possible-retaliation-sources-say-2026-03-07\/\" target=\"_blank\" rel=\"noopener\">Reuters<\/a> reports, citing unnamed sources. The government will be forced to authorize Washington to use its bases in the country for military operations if the Islamic Republic continues to target Saudi territory and energy facilities, Foreign Minister Prince Faisal bin Farhan said, according to the sources.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>We were under fire all weekend: <\/strong>The Defense Ministry said air defenses intercepted drones <a href=\"https:\/\/x.com\/modgovksa?lang=en\" target=\"_blank\" rel=\"noopener\">targeting<\/a> Shaybah oil field, ballistic missiles aimed at Prince Sultan Air Base, cruise missiles and drones near Al Kharj, east of Riyadh, and in Al Jouf and the Eastern region.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>And earlier today<\/strong>, the Defense Ministry <a href=\"https:\/\/x.com\/modgovksa\/status\/2030441250671747112\" target=\"_blank\" rel=\"noopener\">intercepted<\/a> seven drones, <a href=\"https:\/\/x.com\/modgovksa\/status\/2030447120948359253\" target=\"_blank\" rel=\"noopener\">thwarting<\/a> an attack on Riyadh\u2019s Diplomatic Quarter.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Diplomats and embassy staff in Riyadh\u2019s Diplomatic Quarter were told to <\/strong><strong><a href=\"https:\/\/www.reuters.com\/world\/middle-east\/diplomats-riyadh-ordered-shelter-place-due-potential-threat-sources-say-2026-03-05\/\" target=\"_blank\" rel=\"noopener\">stay indoors<\/a><\/strong> on Thursday following an unspecified security threat. Authorities also shut the district\u2019s gates that afternoon, restricting access to the area that hosts most foreign missions in the Saudi capital.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Things are still relatively calm for us, compared to the relentless attacks on our neighbors. <\/strong>The UAE, Qatar, Bahrain, and Kuwait have all intercepted fresh barrages since Thursday morning. A quick overview:<\/p>\n<ul>\n<li>The ongoing strikes forced a temporary halt to operations at <strong>Dubai International Airport <\/strong>yesterday \u2014 sending passengers into underground train tunnels to shelter;<\/li>\n<li><strong>In Manama<\/strong>, warning sirens sounded for the seventh time this weekend as a missile attack targeted the US Fifth Fleet\u2019s service center;<\/li>\n<li><strong>Qatar <\/strong>intercepted a number of projectiles over Doha;<\/li>\n<li><strong>Kuwait <\/strong>temporarily shut its airspace to all commercial traffic.<\/li>\n<\/ul>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>There were signs we\u2019re heading towards de-escalation:<\/strong> Iranian President Masoud Pezeshkian apologized to Gulf neighbors for recent strikes, announcing that Tehran\u2019s interim leadership council has halted all attacks on regional states \u2014 provided their territories or airspace are not used to launch strikes against Iran. The concession offered a clear off-ramp and a potential diplomatic reset with GCC leaders who were reaching the end of their rope.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>We might\u2019ve had something to do with it: <\/strong>The Kingdom stepped up direct diplomatic engagement with Tehran over the past few days to try to contain the ongoing conflict and prevent further market disruption, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-03-06\/saudi-arabia-has-intensified-direct-line-to-iran-to-defuse-war\" target=\"_blank\" rel=\"noopener\">Bloomberg<\/a> reported on Friday, citing unnamed European officials. The talks, involving diplomats and security agencies, aim to de-escalate tensions, as Iran showed little willingness to negotiate with the US or Israel.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>BUT- It didn\u2019t last long:<\/strong> Iranian Foreign Minister Abbas Araghchi warned hours later that this window for de-escalation was \u201calmost immediately killed\u201d by Trump, who publicly <a href=\"https:\/\/www.theguardian.com\/world\/2026\/mar\/06\/us-israel-threaten-major-escalation-airstrikes-iran-lebanon\" target=\"_blank\" rel=\"noopener\">framed the apology<\/a> as an \u201cunconditional surrender\u201d by Tehran, and threatened further military action in a post on social media.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>PLUS- Another security alert from the US embassy: <\/strong>The US mission in Saudi Arabia strongly urged Americans in the country to depart via commercial flights, it said in a <a href=\"https:\/\/sa.usembassy.gov\/security-alert-u-s-embassy-riyadh-saudi-arabia-march-7-2026-evening-update\/\" target=\"_blank\" rel=\"noopener\">statement<\/a> on Saturday. US citizens who choose to remain in the Kingdom are urged to \u201cshelter in place\u201d with a supply of essentials. Operations at the US embassy and consulate are paused until further notice.<\/p>\n<p class=\"tag-border-left\">Happening today<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Bidaya Finance\u2019s SAR 1 bn sukuk offering commences today and continues <\/strong><strong>through Tuesday, 10 March<\/strong> on the sukuk bonds market, Tadawul <a href=\"https:\/\/x.com\/tadawul\/status\/2029564528594415736\" target=\"_blank\" rel=\"noopener\">posted on X<\/a>. The offering comes with a 7.1% quarterly coupon with a par value of SAR 1k, according to the <a href=\"https:\/\/ent.news\/2026\/3\/368.pdf\" target=\"_blank\" rel=\"noopener\">prospectus (pdf)<\/a>.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>ADVISORS-<\/strong> Bidaya tapped Impact46 and Merchants Capital to advise on the transaction. <strong>Receiving agents <\/strong>include Derayah, Alkhabeer Capital, Yaqeen, Aljazira Capital, Alrajhi Capital, SNB Capital, Musharaka, Albilad Capital, Alistithmar Capital, Arat, BSF Capital, SAB Invest, EFG Hermes, Alinma Capital, Riyad Capital, ANB Capital, and Sukuk Capital.<\/p>\n<p class=\"tag-border-left\">PSA<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Eid vacation times are out: <\/strong>Private and government sector employees in the Kingdom will begin their Eid Al Fitr holiday at the end of the working day on Wednesday, 18 March. The break will run for four days.<\/p>\n<p class=\"tag-border-left\">Watch this space<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><a id=\"wwtt1\"><\/a> <strong>AVIATION UPDATE \u2014 Saudia <\/strong><strong><a href=\"https:\/\/x.com\/SaudiaGroup\/status\/2029933035819520232?s=20\" target=\"_blank\" rel=\"noopener\">extended<\/a><\/strong><strong> flight suspensions<\/strong> to and from Amman, Kuwait City, Abu Dhabi, Dubai, Doha, and Bahrain to today, with Moscow and Peshawar routes halted until 15 March. <a href=\"https:\/\/x.com\/SaudiaGroup\/status\/2029999089576755516?s=20\" target=\"_blank\" rel=\"noopener\">Limited flights<\/a> on the Riyadh-Dubai and Jeddah-Dubai routes resumed yesterday.<\/p>\n<hr style=\"height: 2px;border-width: 0;color: gray;background-color: gray\" \/>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><a id=\"wwtt2\"><\/a> <strong>SPORTS \u2014<\/strong> <strong>The upcoming rounds of the Saudi Arabian Grand Prix and Bahrain Grand Prix <\/strong><strong>could be cancelled without replacement<\/strong>, reducing the F1 season from a planned 24 races to 22, senior paddock sources told <a href=\"https:\/\/www.reuters.com\/sports\/formula1\/f1-likely-drop-bahrain-saudi-races-without-replacement-amid-gulf-conflict-2026-03-06\/\" target=\"_blank\" rel=\"noopener\">Reuters<\/a> on Friday. The race at the Bahrain International Circuit in Sakhir is scheduled for 12 April, followed by the Saudi round at the Jeddah Corniche Circuit the following weekend.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Moving the races later in the year is difficult due to extreme summer temperatures in the <\/strong><strong>region and a packed race calendar<\/strong>, while shifting them to alternative venues \u2014 such as Autodromo Internazionale Enzo e Dino Ferrari, Circuit Paul Ricard, Algarve International Circuit, or Istanbul Park \u2014 would pose major logistical challenges and leave little time for promoters to organize tickets, staffing, and race operations, the newswire reported.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Not just motorsports: <\/strong>The Fanatics Flag Football Classic, organized by Tom Brady for Riyadh this month, is expected to move to the US, <a href=\"https:\/\/frontofficesports.com\/brady-fanatics-saudi-flag-iran-war\/\" target=\"_blank\" rel=\"noopener\">Front Office Sports<\/a> reported on Wednesday, citing sources familiar with the situation. The event will still air on Fox Sports and Tubi with Kevin Hart hosting, and features NFL stars including Saquon Barkley, CeeDee Lamb, Christian McCaffrey, and Rob Gronkowski in a round-robin tournament following Olympic-style flag football rules.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The move is a setback for the Kingdom\u2019s efforts to grow American football<\/strong>, as officials had hoped the event would help pave the way for an NFL game in the Kingdom and attract US college program investment.<\/p>\n<hr style=\"height: 2px;border-width: 0;color: gray;background-color: gray\" \/>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>OIL <\/strong><strong>\u2014 Aramco is <\/strong><strong>temporarily <\/strong><strong>rerouting some oil shipments via the Red Sea <\/strong><strong>port of Yanbu<\/strong>, <a href=\"https:\/\/x.com\/alekhbariyaBRK\/status\/2030371191052292546\" target=\"_blank\" rel=\"noopener\">Al Ekhbariya<\/a> reports. The oil giant is working to ensure the reliability of oil supplies and monitoring the ongoing conflict, with plans to restore operations once conditions stabilize, the <a href=\"http:\/\/x.com\/alekhbariyaBRK\/status\/2030371612990804464\" target=\"_blank\" rel=\"noopener\">company reportedly said<\/a>.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>REMEMBER \u2014 The Kingdom reportedly <\/strong><strong><a href=\"https:\/\/enterpriseam.com\/ksa\/2026\/03\/05\/crude-supplies-pivot-to-red-sea-to-bypass-hormuz\/\" target=\"_blank\" rel=\"noopener\">rerouted Asian energy<\/a><\/strong><strong> shipments to the Red Sea <\/strong><strong>port last week.<\/strong> Rising costs tied to the Strait of Hormuz \u2014 higher ins. premiums and security risks \u2014 have prompted a logistical pivot.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">Get <b style=\"font-weight: bold\">Enterprise<\/b> daily<\/h4>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p><a class=\"btn-green px-3 d-flex align-items-center\" href=\"ksa\/en\/user\/NewsLetters\" target=\"_blank\" rel=\"noopener\">Subscribe here<\/a><\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>***<\/strong><strong>You\u2019re reading EnterpriseAM Saudi<\/strong>, your essential daily roundup of business, economics, and must-read news about Saudi, delivered straight to your inbox. We\u2019re out Sunday through Thursday by 7am Riyadh time.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>EnterpriseAM Saudi is available without charge <\/strong>thanks to the generous support of our friends at Tas\u2019heel and Hassan Allam Properties.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a href=\"mailto:climate@enterprisemea.com\" target=\"_blank\" rel=\"noopener\">saudi@enterpriseAM.com<\/a>.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>DID YOU KNOW <\/strong>that we also cover <a href=\"https:\/\/enterprise.news\/egypt\/en\" target=\"_blank\" rel=\"noopener\">Egypt<\/a>, <a href=\"https:\/\/enterprise.news\/uae\/en\" target=\"_blank\" rel=\"noopener\">the UAE<\/a>, the MENA <a href=\"https:\/\/enterprise.news\/logistics\/en\" target=\"_blank\" rel=\"noopener\">logistics<\/a> industry, and the <a href=\"https:\/\/enterprise.news\/mena-india\/en\" target=\"_blank\" rel=\"noopener\">MENA &lt;&gt; India<\/a> corridor?<br \/>\n<strong>***<\/strong><\/p>\n<p class=\"tag-border-left\">The big story abroad<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The escalating regional war is getting widespread coverage today<\/strong>, with US President Donald Trump <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/116187586876366061\" target=\"_blank\" rel=\"noopener\">saying<\/a> Iran will be hit \u201cvery hard\u201d on Saturday, adding that Washington will consider striking areas and groups of people in the Islamic Republic that were not previously targeted. This came after Iranian President Masoud Pezeshkian roundly rejected Trump\u2019s call for Tehran\u2019s \u201cunconditional surrender.\u201d<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Regional oil output is severely disrupted: <\/strong>The UAE and Kuwait have started cutting oil production in light of the near-closure of the Strait of Hormuz. Kuwait Petroleum \u2014 <a href=\"https:\/\/www.reuters.com\/business\/energy\/kuwait-cuts-oil-production-precaution-amid-iran-tensions-kpc-says-2026-03-07\/\" target=\"_blank\" rel=\"noopener\">a key exporter<\/a> of naphtha to Asia and jet fuel to Europe \u2014 declared a force majeure over the weekend. It began with a cut of about 100k barrels per day early yesterday, which is expected to triple today, unnamed sources told <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-03-07\/kuwait-cuts-oil-and-refining-output-as-hormuz-transits-slow\" target=\"_blank\" rel=\"noopener\">Bloomberg<\/a>.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Meanwhile, on Wall Street: <\/strong>Blackrock <a href=\"https:\/\/www.ft.com\/content\/2336fccb-745d-4f3b-8ade-d84f0027e70f\" target=\"_blank\" rel=\"noopener\">has set limits<\/a> on withdrawals from one of its flagship private credit funds after seeing a 54% jump in redemption requests during 1Q 2026. Clients withdrew some USD 1.2 bn from the HPS Corporate Lending Fund, around 9.3% of its net asset value. Blackstone last week reported a similar outflow, with <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/03\/04\/madbouly-reassures-egyptians-amid-worries-of-power-cuts-and-fx-shortages\/\" target=\"_blank\" rel=\"noopener\">clients pulling out<\/a> USD 3.7 bn from its flagship BCred fund in the first three months of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudia extends flight suspensions to the Gulf, begins limited flights to Dubai<\/p>\n","protected":false},"author":1,"featured_media":104984,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2540],"tags":[2672,10,4837,2766,9],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-104983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-defense","tag-enterpriseam-ksa","tag-grand-prix","tag-saudia","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"36440505-b63f-478f-af63-38f136bd8aa7","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2026\/3\/389.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Saudi oil fields and air bases targeted in weekend barrage","related_issue":[104981],"teaser":"Saudia extends flight suspensions to the Gulf, begins limited flights to Dubai","photo_link":"","related_sponsor":"","voice_url":"","en_translation_ref_id":"","section_story_id":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>THIS MORNING: Saudi air defences intercept weekend barrage targeting oil fields and air bases - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2026\/03\/08\/this-morning-saudi-air-defences-intercept-weekend-barrage-targeting-oil-fields-and-air-bases\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS 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