The story: In Yemen, the Ansarullah movement and the internationally-recognized government have struck an “economic de-escalation accord” reportedly mediated by Saudi Arabia. The agreement is a major breakthrough for Ansarullah, better known as the Houthis. The group had threatened the Kingdom with “war” unless escalating economic warfare by its Yemeni rivals was halted. The Saudi mediation notably follows warnings by senior Houthi officials of a severe response if Riyadh is found to have enabled the recent Israeli airstrikes in Yemen.

The coverage: The Houthis in recent weeks accused Saudi Arabia and the US of pressuring the Central Bank of Yemen in Aden to...