Iranian forces allegedly provided arms and strategic advice to Yemen’s Houthis for the capture of the city of Mocha. This strategic city located near the Bab al-Mandeb Strait, a crucial maritime passage for international trade, is now under Houthi control. Prediction markets would factor this progress of Iran-aligned forces as reducing the probability of the Iranian regime falling before 2027. Saudi Arabia and the internationally recognized Yemeni government would closely monitor the situation’s evolution, which could influence their future diplomatic and military decisions.
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