The Saudi-led military coalition in Yemen announced that recent attacks by Iran-backed Houthi rebels have injured at least 73 people in Saudi Arabia. The Houthis, fighting against Yemen’s internationally recognized government, have escalated hostilities after a period of reduced fighting following a UN-brokered truce in 2022. The coalition has vowed to respond firmly to this latest outbreak of attacks. Market analysts suggest this escalation could lower the likelihood of regime change in Iran before 2027.
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