https://www.reuters.com/world/middle-east/yemeni-military-targets-sanaa-airport-runway-stop-iranian-plane-landing-defence-2026-07-13/
Airstrikes on Sanaa International Airport on July 13 have intensified tensions in Yemen, with Houthi authorities blaming Saudi Arabia for the attack. However, it was later confirmed that the strike was carried out by Yemen’s internationally recognized government, supported by Saudi Arabia, targeting the runway to prevent an Iranian aircraft from landing. This incident has ended a four-year truce between the Houthis and the Saudi-backed Yemeni government, raising concerns of a renewed conflict. In response, the Houthis launched ballistic missiles and drones at Abha International Airport in southern Saudi Arabia, which were intercepted by Saudi defenses.
Key Takeaways
The escalation appears to have resulted in increased activity in markets related to Houthi military actions, with a notable focus on potential shipping targets.
Markets suggest a higher likelihood of Houthi military actions affecting shipping routes by the end of August, with current pricing at 46% YES for August 31.
