is just that its oil exports go through three chokepoints

And most people travelling to ksa go through one of two chokepoints (Jeddah or Riyadh airports). Both Iran and Ansarullah have struck airports, looking to cause economic harm. Of course they wouldn't specifically target WWE, but if the airport where it's being held keeps getting struck by missiles every month, it looks a lot less desirable. Multiply that times however many other glitzy sportswashing bullshit events ksa is doing

And of course the WWE wouldn't care about putting their employees in danger, but the insurance will at least cost more