Yemen Government Launches Major Offensive Against Houthis; Iran Signals US Proposals

The Yemeni government has initiated a large-scale offensive to reclaim territory from Houthi rebels, marking a significant escalation in the long-running conflict. Iran's vague reference to US proposals and the resignation of its oil minister amid sanctions add diplomatic and energy dimensions. Concurrent Houthi claims of strikes on Saudi refineries and an ambiguous tanker attack in the Strait of Hormuz heighten regional risk.