Houthis demand $51bn in compensation and formal recognition by Saudi Arabia to end hostilities

Sanaa/Riyadh, Nov 5 (UNI) Yemen's Iran-backed Houthi milita has demanded $51bn in compensation and formal recognition as the country's governing authority during negotiations with Saudi Arabia as conditions for ending hostilities, according to a report by The Wall Street Journal. Citing people familiar with the discussions, the newspaper reported that the Houthis sought the payment as compensation for years of Saudi-led airstrikes and a prolonged blockade. Although other figures were subsequently discussed, any potential settlement would still involve tens of billions of dollars. There has been no indication that Riyadh has accepted the demands or made a counteroffer. Saudi Arabia…