Saudi Arabia's military support for Yemen's internationally recognized government has intensified since early October 2026, when forces launched Operation Dawn of Yemen (Fajr al-Yemen) to reclaim Houthi-controlled territory, including Sanaa. The Saudi-led coalition has conducted hundreds of airstrikes on Houthi targets in the capital and surrounding areas, including an oil facility west of Sanaa on October 13, while providing air cover for Yemeni ground advances elsewhere, such as near the Bab al-Mandab Strait. Houthi forces have responded with missile and drone strikes on Saudi infrastructure, including a deadly attack on Riyadh's airport. Reports indicate Saudi involvement remains centered on aerial operations and logistical backing rather than large-scale ground deployments into Houthi-held Sanaa, consistent with prior patterns in the conflict. Traders are monitoring whether the current escalation produces direct Saudi troop movements into the capital or stays limited to proxy advances and strikes.