Riyadh — Saudi Arabia proposed on Monday a series of steps to end the years-long war in Yemen, including a comprehensive ceasefire to begin once Houthi fighters accept the initiative. The group appeared to reject the plan.

The move follows an escalation in drone and missile attacks by the Houthis on the energy infrastructure and airports of the world’s largest oil exporter. The offensive, including an assault on a Saudi Aramco refinery in the capital Riyadh on Friday, has raised concerns over the risk of a broader conflagration in a region key to crude production and shipment...

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