Houthis carried out an attack on the Red Sea port city of al-Makha in Yemen, killing at least four people. This strike marks a significant escalation in hostilities between Iranian-backed Houthi forces and Yemen’s internationally recognized government, supported by a Saudi-led coalition. The attack is part of a resurgence in fighting despite a UN-brokered truce in place since 2022. The increase in violence, including strategic missile and drone strikes, suggests a shift toward more significant confrontations. Prediction markets now price the likelihood of Houthi military action against Israel by August 2026 at 5%, up from 4% the previous day.
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