end[ing] the country's eight-year-old conflict, two sources involved in the talks said.

If an agreement is reached, Yemen's warring parties could announce an agreement before Islam's Eid holiday starting April 20, the sources said. The Saudi and Yemeni governments did not immediately respond to requests for a comment.
[...]
It is also a sign that regional rifts are easing after rivals Saudi Arabia [.SA] and Iran [.IR] agreed to restore relations last month after years of hostility and backing opposite sides in Middle Eastern conflicts, including Yemen [.YE].

U.N. Special Envoy Hans Grundberg met with senior Omani and Houthi officials in Muscat this week and discussed ways [finally!] to make progress towards an < wipes tears > inclusive Yemeni-led political process, his office said. In an additional sign of progress, the Saudi-led coalition lifted eight-year-old restrictions on blockade of imports headed for Yemen's southern ports, the Saudi-backed government said.
[...]

Meanwhile, the Lebanon [.LB]-based outlet Al-Mayadeen reported that Riyadh had summoned leaders of the Saudi-backed Yemeni government on Friday, to brief them on the talks with the Houthis. Saudi Defense Minister Khalid bin Salman presented "the solution for a way out of the war on Yemen," the outlet's sources said.

According to Al-Mayadeen, the Saudi plan envisions extending the ceasefire by another year, followed by steps to reopen Yemeni ports. Riyadh is then expected to officially announce the end of the war and its intervention in Yemen.

Saudi Arabia and the UN will subsequently sponsor talks between the Houthis and rival Yemeni factions, seeking a two-year transition period to establish a new government, reports have indicated.

The diplomatic breakthrough after eight years of fighting was made possible by last month's agreement between Iran and Saudi Arabia to re-establish diplomatic relations, brokered by China.
[...]