Egyptian President Abdel Fattah al-Sisi said Egypt was prepared to defend Saudi territory but would not participate in offensive operations against Yemen. The statement came amid increased Houthi attacks on Saudi targets and recent diplomatic meetings in Riyadh involving Saudi Crown Prince Mohammed bin Salman and Egyptian officials. Egypt’s parliament delayed a vote on providing military support to Saudi Arabia if requested, highlighting Cairo’s cautious stance. Market scenarios reflect a reduced perception of heightened conflict, with only a 1.8 % probability of Houthi forces entering Aden by the end of October.
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