Houthi shelling in Taiz kills woman, wounds five civilians

A woman was killed and five civilians, including another woman and a girl, were wounded in Houthi shelling and sniper fire in the Sabir al-Mawadim district, southeast of Taiz, according to the Taiz Human Rights Center as reported by Yemen’s state news agency Saba. This incident is part of a pattern of increased hostilities in the region, where Iran-aligned Houthi forces have intensified their military activities. The ongoing conflict has led to a siege around Taiz, disrupting essential supplies and causing civilian casualties. The developments in Taiz are contributing to a broader context of escalating tensions between Houthi forces and the Saudi-backed Yemeni government, with potential implications for the strategic city of Aden. Key Takeaways Recent shelling and sniper fire in Taiz appear consistent with heightened military activity by Houthi forces in the region. Market pricing suggests that the likelihood of Houthi forces entering Aden has slightly increased, reflecting ongoing conflict escalation. The probability of Houthi entry into Aden by December 31, 2026, remains higher than near-term projections, with the market pricing a 26% chance of this outcome. What to Watch Observe...