Renewed Saudi-backed Yemeni government operations launched in early October 2026 under “Dawn of Yemen” have intensified fighting along the Red Sea coast and Bab al-Mandeb Strait, with coalition airstrikes targeting Houthi missile infrastructure and ground advances reported near Dhubab and Mokha. Abdul-Malik al-Houthi continues issuing public statements from undisclosed locations, including a October 10 address condemning Saudi, U.S., and Israeli actions, while Houthi forces respond with ballistic and cruise missile strikes on Saudi targets. Israel has previously eliminated senior Houthi officials and designated al-Houthi a priority target, yet he retains centralized control over the movement’s military and political decisions. Traders assessing removal timelines weigh these ongoing escalations, coalition momentum, and historical resilience against the absence of confirmed leadership disruptions or internal challenges.