Saudi Arabia is reportedly making a significant push for a long-lasting peace deal with Iran-backed fighters in Yemen, in an effort to end a conflict that has caused instability in oil markets and caused extensive damage to the region’s poorest country.
According to individuals with knowledge of the situation, who spoke to the Bloomberg, Saudi officials have held talks with Yemen’s presidential leadership council in recent days regarding a proposed deal.
This follows discussions between the Saudi Arabian government and the Houthi group, which is backed by Iran. Representatives from Saudi Arabia and Oman are present in the Yemeni capital of Sanaa today to finalize the agreement.
The new peace plan, which could be announced within the next two weeks, calls for a six-month ceasefire initially, followed by the reopening of major roads and the lifting of all restrictions on flights and ports.
Yemeni parties would subsequently enter into peace talks, which would address issues such as disarmament, the formation of a cabinet and presidential council, and the unification of the central bank. The plan also includes a two-year transitional period.
Saudi Arabia has been attempting to bring an end to the nine-year conflict, which has included numerous Houthi drone and missile attacks on the country, including a devastating strike on Saudi oil facilities in 2019. Although a previous truce expired in October, it has largely been upheld.
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