Overview

• President Trump announced a ceasefire with Yemen's Houthi rebels on May 6, ending U.S. airstrikes but excluding Israel from the agreement.
• Oman mediated the truce to ensure U.S. and Houthi forces would not target each other, aiming to secure Red Sea shipping routes.
• The Houthis continue to attack Israeli targets, denying they capitulated and asserting the deal does not limit their military campaign against Israel.
• The U.S. intervention, launched in March, cost over $1 billion and resulted in the loss of two Navy jets, with limited impact on Houthi capabilities.
• Major shipping companies remain hesitant to resume operations in the Red Sea, citing ongoing volatility and unresolved hostilities.