Houthis and Saudis strike each other in latest escalation

Fighting has broken out between the Houthi rebels and Saudi Arabia, marking a new escalation in their long-standing conflict. This latest violence comes as a significant development in a region already plagued by instability. The ongoing conflict has had a negative impact on Saudi Arabia's economy and security, with the country's officials previously warning of potential Houthi attacks to calm fears. The escalation of violence may continue to affect the region's economic and security landscape.

Why it matters

The escalation of fighting between Houthis and Saudis is adversely impacting the kingdom's economy and security. This could lead to increased uncertainty and risk aversion in global markets.

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