Yemeni government forces, backed by the Saudi-led coalition, launched Operation Dawn of Yemen in early October 2026 to retake Houthi-controlled territory, including the capital Sanaa. The campaign followed Houthi advances along the Red Sea coast and near Bab al-Mandeb in September, prompting government claims of coastal gains around Mocha and Dhubab alongside precision strikes on military targets in Sanaa. Coalition airstrikes have targeted Houthi positions, while the Houthis have conducted retaliatory missile and drone attacks on Saudi sites. Ongoing clashes in Taiz and Marib continue amid reports of renewed full-scale fighting, with no verified ground entry into Sanaa reported as of mid-October. Trader assessments of entry timelines reflect the pace of these operations and potential for further escalation or diplomatic pauses.