Saudi Arabia's coalition continues to provide extensive air support for the Yemeni government's "Dawn of Yemen" offensive launched in early October 2026, targeting Houthi positions around Sanaa and other areas with hundreds of strikes, while Yemeni ground forces press advances near the Bab el-Mandab Strait and other fronts. Houthi forces have responded with ballistic missile and drone attacks on Saudi airports, including deadly strikes on Riyadh's King Khalid International Airport in recent days that killed at least a dozen and prompted closures and heightened alerts. No verified reports indicate direct entry by regular Saudi armed forces into Sanaa proper, consistent with the coalition's emphasis on aerial operations and proxy ground support rather than large-scale troop deployments into the Houthi-held capital. Trader consensus reflects these barriers, including Sanaa's fortified defenses, historical Saudi caution on direct occupation, and the risk of broader escalation involving Iranian-backed responses. Key near-term catalysts include any shift in Saudi ground commitments, outcomes of ongoing offensives, or diplomatic pauses amid the mutual strikes.