![Thousands of demonstrators holding Iranian flags and portraits of Khamenei gather at Sebeen Square, under the control of Iran-backed Houthis, to protest the killing of Iran’s Supreme Leader Ayatollah Ali Khamenei in US and Israeli airstrikes in Sanaa, Yemen on March 01, 2026. [Mohammed Hamoud - Anadolu Agency]](https://www.middleeastmonitor.com/wp-content/uploads/2026/03/AA-20260301-40704484-40704482-HOUTHIS_PROTEST_KILLING_OF_AYATOLLAH_ALI_KHAMENEI_IN_YEMEN.jpg)
For more than a decade, Yemen has been viewed primarily through the lens of a proxy war between Saudi Arabia and Iran. Tehran’s support for the Houthi movement and the Saudi-led military intervention launched in 2015 transformed the country into one of the Middle East’s most visible arenas of geopolitical competition. The conflict came to symbolize a broader struggle for regional influence between two rival powers seeking to shape the political order of the Arab world. That interpretation remains relevant, but it is increasingly insufficient. While the Houthis continue to dominate much of northern Yemen and Iran remains an important player, the dynamics shaping the country’s future are changing. A new competition is emerging within the Gulf itself, and Yemen […]