Saudi Arabia Reportedly Negotiates $1 Billion Deal with Houthis via Iran
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Saudi Arabia's Defense Minister visited Tehran to discuss a ceasefire with Yemen's Houthi rebels, reportedly involving a $1 billion transfer mediated by Iran. The deal, if finalized, would see Saudi funds support Houthi salaries and infrastructure in exchange for halting attacks on the Kingdom. The visit included Turkish and Pakistani officials, while Iran's President Pezeshkian and Revolutionary Guards attended from the Iranian side.
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- Saudi Defense Minister Prince Khalid bin Salman visited Tehran for talks on a Yemen ceasefire.
- A reported "protection" deal involves Saudi Arabia transferring $1 billion to Houthis via Iran.
- The funds would reportedly pay Houthi salaries and aid infrastructure repair.
- Turkish and Pakistani officials also participated in the high-level meeting.
- Iran seeks to use the summit to advance its regional security framework.
Saudi Arabia's Defense Minister, Prince Khalid bin Salman, made a surprise visit to Tehran to advance a ceasefire with the Houthi rebels in Yemen. Diplomatic sources suggest the visit is part of a "protection" deal where Saudi Arabia would transfer $1 billion to the Houthis, with Iran mediating the transaction. One Gulf source claimed the Saudi minister arrived in Tehran carrying the funds on a military Hercules aircraft. While a Saudi official did not confirm the $1 billion deal, they acknowledged that parts of the conflict relate to implementing prior understandings from the last three years. These understandings stipulated that Riyadh would provide direct financial support to the Houthis for public sector salaries and infrastructure repair in exchange for an end to attacks against the Kingdom.
The visit was organized by Saudi Arabia's allies in the Mecca Pact for joint defense and included Turkey's Intelligence Minister Ibrahim Kalin and Pakistan's Army Chief, Field Marshal Asim Munir. Iran was represented by President Masoud Pezeshkian and senior members of the Revolutionary Guards. For Iran, this meeting marks a significant diplomatic achievement as it is the first official gathering between Mecca Pact representatives and the Iranian leadership. Tehran aims to leverage this summit to promote a regional security framework under its leadership, deter potential U.S. or Israeli military intervention, and position itself as a regional diplomatic mediator.
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