Dropping to .4%. The Houthis have no reason to compromise on anything to get a ceasefire at this point. As this article points out, the Houthis are benefiting from their attacks in the Red Sea.
https://www.dw.com/en/red-sea-attacks-pays-dividends-for-yemens-houthis/a-68962149
FTA:
Following a United Nations-brokered peace deal between the two rival governments in April 2022, the Houthis became increasingly unpopular "because of their mismanagement, corruption, repression and the fact that the economy was in tatters," Hisham al-Omeisy, conflict analyst and former Information Resources Center director for Yemen at the US State Department, told DW.
But now, after five months of attacking cargo ships on the Red Sea in support of the Palestinians, "the Houthis are basically riding high on the popularity that they've gotten locally and regionally, pitching themselves as the vanguard of Muslim and Arab nations," al-Omeisy added. "And they're capitalizing on that popularity to expand their control, but also to solidify their rule inside the Yemeni territories where they've launched a massive recruitment drive under the guise of supporting Gaza."
So it looks like MBS decided to wait out the US. Dropping significantly.
https://www.theguardian.com/world/2024/may/01/saudi-us-biden-deal-israel
FTA:
The US and Saudi Arabia have drafted a set of agreements on security and technology-sharing which were intended to be linked to a broader Middle East settlement involving Israel and the Palestinians.
However, in the absence of a ceasefire in Gaza and in the face of adamant resistance from Benjamin Netanyahu’s Israeli government to the creation of a Palestinian state – and its apparent determination to launch an offensive on Rafah – the Saudis are pushing for a more modest plan B, which excludes the Israelis.
Under that option, the US and Saudi Arabia would sign agreements on a bilateral defence pact, US help in the building of a Saudi civil nuclear energy industry, and high-level sharing in the field of artificial intelligence and other emerging technologies.
An offer would be made to Israel of normalisation of diplomatic relations with Riyadh in return for Israeli acceptance of the two-state solution to the 76-year Israeli-Arab conflict. But under Riyadh’s plan B proposal, completion of the US-Saudi deals would not be made dependent on agreement from the Netanyahu government.