The Saudi-led coalition destroyed 82 military targets controlled by the Houthi movement in Yemen, following the group’s attacks on civilian areas in Saudi Arabia. This escalation occurs amid ongoing tensions between the Saudi-backed Yemeni government and the Iran-supported Houthis, who have controlled Sanaa and significant parts of northern Yemen since 2014. The strikes aim to weaken Houthi military capabilities, including their missile and drone systems, as well as their naval facilities and weapons-storage sites. Market participants interpret this offensive as a setback for the Houthis, with a reduced likelihood of them advancing toward strategic locations such as Aden.
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