Tel Aviv, Oct. 27 -- Saudi Arabia has reportedly offered USD 1 billion to Yemen's Houthi group as part of an Iran-brokered deal to secure a ceasefire and halt attacks on the kingdom, Israeli media reported, citing diplomatic sources in the Gulf.

According to the reports, Saudi Defence Minister Prince Khalid bin Salman travelled to Tehran for talks aimed at securing a ceasefire with the Houthis, with the proposed arrangement involving the transfer of USD 1 billion to the group through Iran.

One diplomatic source claimed that the Saudi Minister had even brought the money aboard the Hercules military transport aircraft on which he arrived in Tehran. However, a Saudi official did not confirm that any money had been transferred, the reports ...