Inside the Houthis’ expanding war economy in Yemen

The Houthi movement has systematically restructured Yemen’s commercial sector to consolidate financial control, generating billions in revenue throughout the ongoing conflict. This economic transformation has occurred in parallel with a severe humanitarian crisis affecting the region.

By securing these revenue streams, the group has established an expanding war economy. This shift in commercial operations highlights the group's efforts to sustain its military and political objectives despite the broader instability and economic collapse within Yemen.