Pakistan’s defense pact with Saudi Arabia and deployments of troops for border and missile defense have aligned Islamabad firmly with Riyadh amid renewed Houthi strikes on Saudi airports, oil facilities, and Red Sea shipping lanes since the July 2026 truce collapse. Houthis have focused ballistic missile and drone attacks on Saudi targets and commercial vessels in the Bab al-Mandab Strait, with no verified direct strikes against Pakistani territory, personnel, or interests reported through early November 2026. Islamabad has issued repeated condemnations at the UN, urged de-escalation via dialogue with Iran, and supported UN-led talks while limiting its role to defensive support rather than offensive operations in Yemen. Upcoming U.S. policy decisions following the November 2026 midterms and any further Saudi-Houthi clashes could influence risk calculations, though trader consensus currently prices direct Houthi targeting of Pakistan as unlikely before year-end.