Yemen’s internationally recognized government has condemned recent attacks on Riyadh, attributing them to the Houthi movement and accusing Iran of supplying military support. The attacks mark an expansion of the Yemen conflict into Saudi Arabia’s capital, despite a 2022 UN-brokered truce. Claims that Tehran arms and trains the Houthis have long been made by the Saudi-led coalition and Yemen’s government. The latest escalation could influence perceptions of Iranian regime stability, regional geopolitical risk and related prediction markets (markets that trade on the outcomes of future events). Observers are expected to watch for international responses, further military or diplomatic developments, evidence of deeper Iranian involvement and changes in market odds tied to the fall of the Iranian regime. Vera offers live prediction-market analysis and invites users to sign up.