Abdul-Malik al-Houthi remains the de facto leader of the Houthis, directing missile and drone strikes on Saudi targets including Riyadh’s airport and oil facilities amid renewed escalation since mid-2026. Saudi-led coalition airstrikes have targeted Houthi weapons depots, funding sources, and coastal positions, while the group has captured additional Red Sea territory and disrupted shipping lanes. Recent addresses by al-Houthi and the survival of core leadership despite Israeli strikes on other senior figures underscore continuity in command. Diplomatic channels involving Iran, Turkey, and regional actors are exploring de-escalation, yet military operations and demands over ports, salaries, and sanctions continue to shape the conflict. Scheduled coalition actions and any further high-level targeting represent the main variables that could influence near-term leadership stability.