In October, the United Nations warned that Yemen could become the worst famine the world has seen in a century, with some 14 million people – half the population – facing starvation. This crisis is primarily due to the collapsing value of the Yemeni rial: Yemen is overwhelmingly dependent on imports to feed itself and the rial’s depreciation has thus…

The largest threat facing millions of Yemenis today is not the violence of war but the collapse of the local currency the war has brought on. Put differently, while bullets and bombs harm the individuals on the receiving end, a collapsing currency – in a country overwhelmingly dependant on imports – makes it harder for everyone to feed themselves. This…

In September, the Yemeni rial’s recent decline accelerated precipitously, with the currency’s value dropping to record lows by month’s end. While the rial has been under multiple, intensifying pressures stemming from the war for several years, a large increase in the money supply – through a 30 percent increase in civil servant salaries – and the collapse of peace talks last month appear to have spurred a rial sell-off in the market. A nation-wide fuel shortage ensued. Retail fuel stations…

In the last six days of August the Yemeni rial entered one of its steepest and most rapid declines in value since the conflict began, resulting in sudden price spikes for basic foodstuffs. Given Yemen’s overwhelming dependence on imports to feed the population, such changes in the rial’s value have direct implications for the country’s humanitarian crisis.

At the end of July the Yemen conflict seemed poised to take on much broader regional and global dimensions, as Saudi Arabia halted oil shipments through the Bab al-Mandeb Strait off Yemen’s Red Sea coast. Iran declared the sea “no longer secure,” and Israel threatened military intervention if Houthi forces attempted to close the strait to shipping (see ‘Riyadh Halts…

In June, the Saudi-led military coalition and associated ground forces began their long-anticipated offensive against Houthi-held Hudaydah city. The ports of Hudaydah and nearby Saleef, along Yemen’s Red Sea coast, are the entry point for the majority of the country’s commercial and humanitarian imports. This creates the potential for catastrophic humanitarian fallout from the offensive given that 8.4 million Yemenis are already on the verge of famine. United Nations Special Envoy for Yemen, Martin Griffiths, spent most of June engaged…

In May, Houthi forces were clearly on the defensive across most of Yemen, in particular losing ground in Hudaydah governorate as various anti-Houthi groups, backed by Emirati airpower, advanced on Hudaydah city. A Saudi-led coalition plan for a military offensive on the city last year was derailed due to a lack of US support and international outcry over the likelihood…

In April, Saleh Ali al-Samad, a senior Houthi official and the head of the Supreme Political Council in Sana’a, was killed by an air-to-ground missile strike in Hudaydah city. Al-Samad was one of the most prominent political figures within the Houthi leadership structure and is the group’s most senior member to have been killed thus far in the conflict. His death will likely have far reaching implications for both the Houthis and the UN’s renewed mediation efforts to end the…

In March, the Saudi-led military coalition intervention in Yemen, dubbed ‘Operation Decisive Storm’, entered its fourth year. To mark the occasion, Houthi forces fired seven ballistic missiles into Saudi Arabia shortly before midnight on March 25, which the Saudi military claimed its defense systems intercepted. Riyadh responded by accusing Iran of having supplied the Houthis with the missiles and warned…

In February, the United Nations Security Council (UNSC) formally adopted a highly politicized UN Panel of Experts report on Yemen. The report – one aspect of which asserts Iran is in non-compliance with the UN arms embargo on Yemen – was seized upon by the United States and its allies at the UNSC as an opportunity to push for council…