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How significant is this?, I've seen statements on Al Jazeera from Iran condemning the strikes and from Saudi Arabia saying things like, 'We are the big dog here, it's time to show this'. Links and excerpts below http://www.ft.com/cms/s/0/dd53ad1a-d37f-11e4-99bd-00144feab7de.html#axzz3VWuLlcXk The price of oil rose on Thursday as Saudi jets bombed Houthi rebels in the Yemeni capital, raising fears that the civil conflict in the Gulf state could escalate into a regional war. http://www.washingtonpost.com/world/saudi-arabia-targets-strategic-areas-around-yemen-in-heavy-bombardment/2015/03/26/4e455830-d343-11e4-8b1e-274d670aa9c9_story.html Saudi Arabia launched intense airstrikes on neighboring Yemen on Thursday, as part of a bold Arab-led offensive against Shiite rebels that threatened to expand into a war involving ground troops. Saudi Arabia and its Arab allies plunged into the Yemen crisis after a rebel advance forced the country’s Western-backed president to flee and left the Shiite insurgents, known as Houthis, on the brink of controlling the country’s two largest cities. http://news.yahoo.com/saudi-arabia-launches-operation-yemen-ambassador-234725579.html Warplanes from a Saudi-led Arab coalition bombed Huthi Shiite rebels on Thursday in support of Yemen's embattled president, as regional rival Iran warned the intervention was a "dangerous" move.Arab League chief Nabil al-Arabi, on the eve of a regional summit in Egypt, declared his full support for the strikes against the Huthis who he said had carried out a "coup" in Yemen.