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Markets

Yemeni forces claim 736 strikes on Houthi positions in Taiz in 24 hours

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The Yemeni Armed Forces have announced that they conducted 736 precise and direct targeting operations against Houthi positions in the last 24 hours. The operations reportedly focused on a command and control center and heavy weapons depots in Taiz, a city that has been a focal point of conflict since 2015. The claims, which have yet to be independently verified, suggest ongoing military pressure on the Iran-backed Houthi forces in the region. Markets appear to interpret these developments as reducing the likelihood of Houthi forces successfully entering Aden by the end of October, consistent with decreased probabilities in related prediction markets. Key developments to monitor include any verified reports of significant territorial changes in Taiz or along the Taiz-Aden corridor, which could affect the likelihood of Houthi forces entering Aden.

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