Yemen’s Iran-backed Houthi rebels have put their growing military capabilities on display in recent weeks, repeatedly striking Saudi Arabia’s main international airport hundreds of miles (kilometers) away and seizing territory inside Yemen near a key shipping chokepoint.
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Even before the Iran war began, Wall Street executives were privately questioning Saudi Arabia’s ability to deploy cash. Now, strikes by Yemen’s Houthis could further imperil Riyadh’s quest to lure foreign investment just when the kingdom needs it the most.
As Yemen's Iran-backed Houthis continue to target Saudi Arabia, Riyadh's vulnerability threatens its claim on regional and religious leadership — as well as its standing as an economic powerhouse.
Yemen’s Iran-backed Houthi rebels have put their growing military capabilities on display in recent weeks, repeatedly striking Saudi Arabia’s main international airport hundreds of miles (kilometers) away and seizing territory inside Yemen near a key shipping chokepoint.
Yemen’s Houthis struck the main airport in the nation’s interim capital on Friday, while its missiles and drones fired toward Saudi Arabia were intercepted, as the flare-up in fighting showed no sign of abating.
The Saudi-led coalition and Iran-backed Houthis traded strikes Sunday as fighting raged in the intensifying conflict that has disturbed life for residents of the kingdom's capital Riyadh and war-wracked Yemen.
