Saudi Arabia is urging the European Union to classify Yemen’s Houthi movement as a terrorist organization. The initiative faces opposition from several EU member states. Such a designation would require unanimous approval from all 27 countries, but consensus currently appears unlikely. The EU already sanctions Houthi leaders under its Yemen sanctions regime. On prediction markets, the probability of a Houthi incursion into Saudi Arabia fell to 26.5 percent from 30 percent a week earlier.
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