Saudi Arabia denies report of Houthis demanding $51 bn to end hostilities

Riyadh, Nov 6 (UNI) Saudi Arabia has rejected a report by The Wall Street Journal (WSJ) claiming that Yemen's Houthi movement demanded $51 billion in compensation and formal recognition as the country's ruling authority in exchange for a negotiated halt to hostilities. The newspaper reported on Thursday, citing unnamed sources familiar with the discussions, that Riyadh had approached the Iran-backed group to explore the terms for ending the conflict, including renewed border hostilities, Red Sea shipping attacks, and missile threats. According to the leaked brief, the Houthis responded with a list of steep demands: The Houthis allegedly sought $51 billion…