Airstrikes have targeted Houthi positions in Marib and Al-Jawf in northern Yemen, marking an intensification of military operations in the ongoing Yemeni civil war. The Houthi group controls the capital Sanaa and significant portions of the country, while the internationally recognized government holds other key areas. Market pricing currently indicates a 6.5% probability of Houthi military action against Israel by July 31, reflecting perceptions of heightened regional tensions. Analysts are closely monitoring statements from Houthi leaders including Yahya Saree and Abdul-Malik al-Houthi for signs of potential retaliation. Developments in Iranian-US diplomatic negotiations could further influence the likelihood of escalation.
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