The Yemeni military has initiated a new operation following recent attacks by the Houthi movement. This development marks a significant escalation in the ongoing Yemen conflict, despite a fragile truce established in 2022. The conflict involves the internationally recognized Yemeni government backed by Saudi Arabia. Markets indicate an increased likelihood of Houthi military action against Israel. Observers should monitor statements from key Houthi figures such as Yahya Saree and Abdul-Malik al-Houthi.
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