Egypt pledges support to Saudi Arabia in Yemen conflict against Houthis

Egypt has declared its readiness to support Saudi Arabia in its conflict with Houthi militants in Yemen, according to a statement reported by social media sources. This move underscores Egypt’s longstanding position of shared security interests with Saudi Arabia and aligns with recent joint condemnation of Houthi attacks on Saudi targets. While the statement does not specify military involvement, it indicates diplomatic backing and could influence regional dynamics in the ongoing conflict. The market for whether Houthi forces will enter Aden by October 31, 2026, reflects a declining likelihood, currently priced at 5.3% for a YES outcome.

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