Saudi Arabia Offered Houthis $1 Billion in Iran-Brokered Ceasefire Deal: Report

Saudi Arabia Offered Houthis $1 Billion in Iran-Brokered Ceasefire Deal: Report

Saudi Arabia has reportedly offered Yemen's Houthi group $1 billion under an Iran-brokered arrangement aimed at securing a ceasefire and stopping attacks on the kingdom, according to Israeli media reports citing diplomatic sources in the Gulf. The reports emerged on Tuesday after Saudi Defence Minister Prince Khalid bin Salman travelled to Tehran for talks with Iranian leaders.

One diplomatic source claimed the minister even carried the money aboard the Hercules military transport aircraft he arrived in, though a Saudi official did not confirm that any funds had been transferred. The Tehran talks also involved Turkish intelligence chief Ibrahim Kalin and Pakistan's army chief, Field Marshal Asim Munir, alongside Iranian President Masoud Pezeshkian and senior Revolutionary Guard officials.

Iran is said to have offered to mediate between Riyadh and the Houthis as attacks on Saudi airports and oil facilities inflict heavy economic damage, while disruptions to tankers in the Strait of Hormuz squeeze Gulf oil exports. Riyadh's official position remains that it rejects a ceasefire under what it calls military blackmail, and the reported $1 billion proposal has not been independently confirmed. The Saudi Foreign Ministry said the Tehran visit was part of the Mecca Joint Defence Alliance's efforts to de-escalate tensions and support mediation by Qatar and Pakistan.

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