Saudi Arabia and its Yemeni government allies launched Operation Dawn of Yemen on October 5, 2026, with extensive coalition air support aimed at reversing Houthi territorial gains along the Red Sea coast and ultimately liberating Sanaa. The offensive has produced claimed advances near Bab al-Mandab, including Dhubab, alongside repeated airstrikes on Houthi positions and infrastructure in and around the capital. Houthis have responded with ballistic missile and drone strikes on Saudi targets such as Riyadh’s King Khalid airport and Aramco facilities, while repelling some ground reinforcements. Coalition evacuation warnings for Sanaa sites signal preparations for further operations, yet no confirmed ground entry by Saudi or allied forces into the city has occurred amid ongoing clashes in Taiz, Marib, and coastal areas. Trader sentiment reflects uncertainty over the pace of any inland push against entrenched Houthi defenses and the risk of escalation.