Saudi Arabia's military involvement in Yemen centers on air support for the internationally recognized government's October 2026 "Dawn of Yemen" offensive against Houthi forces, rather than direct ground deployments. The Saudi-led coalition has conducted thousands of airstrikes on Houthi targets in Sanaa and other provinces since early October, including oil facilities west of the capital, while Yemeni ground forces pursue advances near the Bab al-Mandab Strait and in Taiz and Marib. Houthi missile and drone attacks on Saudi infrastructure, such as Riyadh airport, have intensified the conflict but prompted no reported shift to large-scale Saudi troop movements into Houthi-held territory. Traders assign low probabilities to Saudi forces entering Sanaa by late 2026, consistent with the kingdom's long-standing reliance on proxies and air power in the conflict. Ongoing frontline fighting and potential further escalations remain the key variables to monitor.