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The expansion of attacks to Saudi civilian, aviation and energy infrastructure demonstrates the Houthis’ ability to exert direct pressure on Saudi territory, despite the Kingdom’s military capabilities and air defence systems. For Riyadh, the stakes now extend beyond the security of its southern border. They encompass the protection of energy infrastructure, freedom of navigation in the Red Sea and the Bab el-Mandeb Strait, and the credibility of the economic diversification strategy championed by Mohammed bin Salman. However, international support remains primarily defensive. American reluctance to participate directly in operations against the Houthis, combined with the limitations of its partners’ commitments, leaves Saudi Arabia facing a dilemma: intensify its response at the risk of widening the conflict, or prioritise de-escalation, which could be interpreted as a strategic retreat.