Saudi Arabia has rejected a Wall Street Journal report alleging that Yemen’s Houthi movement demanded $51 billion and Saudi recognition as Yemen’s rulers in return for ending hostilities. On 5 November 2026, Deputy Minister for Public Diplomacy Rayed Krimly said the report was baseless and described its claims as fabricated. He accused the Houthis of attacking commercial shipping in the Red Sea and obstructing peace efforts, and stressed that Yemen already has an internationally recognised government. The alleged DemandHow much buyers want at a given price. Stronger demand can make buyers compete with higher offers.Read More remains disputed: Saudi Arabia’s denial is confirmed, but the underlying $51 billion proposal has not been independently established.
Saudi Arabia has strongly denied reports that Yemen's Houthi movement demanded $51 billion and official recognition as Yemen's rulers in ExchangeDefinition An exchange is an organised marketplace where buyers and sellers can trade financial assets according to a common set of rules. Examples of assets traded on exc...Read More for ending hostilities. Deputy Minister Rayed Krimly dismissed the allegations as fabricated, accusing the Houthis of disrupting peace efforts and threatening commercial shipping in the Red Sea. He reaffirmed Saudi Arabia's recognition of Yemen's internationally recognised government. The alleged financial demand remains unverified, highlighting continued diplomatic tensions surrounding the conflict.
