Yemen, Saudi Arabia strike Houthis as counteroffensive gets underway

The Yemeni military and the Saudi-led coalition have launched a counteroffensive against the Houthi rebels in Yemen. This move involves airstrikes and ground operations against Houthi-held areas, including the capital city of Sanaa. The offensive is significant for markets and trade as it could escalate tensions in the region and impact global oil prices, given Saudi Arabia's influence on the global oil market. The situation may also affect regional stability and economic growth in the Middle East.

Why it matters

Yemen and Saudi Arabia have launched a counteroffensive against the Houthi-held capital, Sanaa, with over 1,000 strikes carried out. This escalation in violence is likely to lead to further instability in the region.

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