Shock in Yemen: "Iran Will Make the First Decision on the Houthis — the Cheapest Card"
In a new analysis, it is argued that the Houthis have become a regional thorn threatening Yemen, Saudi Arabia, and Red Sea trade. Despite their power, they are presented as a fragile phenomenon reliant on…
Assessment
This analysis frames the Houthis as both a serious regional threat and a structurally weak phenomenon dependent on Iranian backing. The suggestion that Iran will make the first decision about the Houthis indicates Tehran holds decisive leverage over the group's fate. The characterization of the Houthis as 'the cheapest card' implies Iran may treat them as expendable. The key question is whether Iran will sacrifice the Houthis to secure other strategic interests.