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2026-11-05 11:18:26
[Saudi Arabia and Houthis engage in ceasefire talks: Houthis demand $51 billion and require Saudi Arabia to recognize its rule in Yemen] (1) According to the Wall Street Journal, after the Houthi attacks on Saudi oil tankers in the Red Sea and the occupation of the strategic chokepoint of the Bab el-Mandeb Strait, Saudi Arabia took the initiative to contact the Houthis to try to understand what price would be paid to end the hostilities through negotiations. (2) The Houthis responded with $51 billion; according to sources familiar with the negotiations, this amount was intended to compensate for losses caused by Saudi Arabia’s years of airstrikes and long-term blockade. (3) These sources said that other amounts were subsequently proposed by both sides, but the message was very clear: if Saudi Arabia wanted to withdraw from the conflict, the price would be as high as tens of billions of dollars. (4) In addition, the Houthis also demanded that Saudi Arabia formally recognize it as the ruler of Yemen, which effectively means that Saudi Arabia must accept a hostile force armed by Iran and entrenched on its southern border. (5) Neither the Saudi government nor the Houthi leadership responded to requests for comment.
