Market brief · Economy & rates
What Yemen Really Means to the U.S.-Iran War

Yemen's Houthis aren't fighting Iran's war, which complicates things further. They're running their own war and letting Iran's war pay for it. Their September 8 demands are the same ones they've held since rejecting a 2023 UN roadmap that would have paid Houthi salaries and given them a share of Yemen's oil and gas revenue. That roadmap called for an end to Saudi military operations in Yemen, the removal of restrictions on Houthi-controlled ports and airports, back pay for officials, and war reparations. The one operation Iran is confirmed to be…
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