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Iran said it is prepared to help Saudi Arabia and the Houthis settle their disputes if asked, according to Al Jazeera as cited by First Squawk. The offer signals a possible diplomatic opening between Tehran and Riyadh, whose rivalry has underpinned Yemen’s conflict and broader Gulf tensions. It matters because any de-escalation could lower regional risk premiums that have weighed on Gulf markets and oil sentiment. Watch for a formal Saudi response and whether the Houthis engage, which would indicate the offer is more than a gesture.

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Named in this story

Iran, Saudi Arabia, Houthis, Al Jazeera