Recent diplomatic efforts between Saudi and Omani mediators and Houthi representatives in Sanaa center on a draft peace agreement that includes extending the UN-brokered truce for six months, opening ports and airports, compensating public employees, and establishing a two-year transitional period under UN auspices. These talks follow prisoner exchanges and occur amid intensified Houthi attacks on Saudi airports and energy sites, prompting Saudi statements that any ceasefire requires the Yemeni government to regain lost territory first. Iran has offered mediation while the UN Security Council has condemned Houthi actions and called for blocking arms flows. Key upcoming factors include whether direct Houthi-government talks advance, compliance with any interim measures, and regional diplomatic pressure from Oman and others.