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The Saudi planes and helicopters had targeted strongholds of the Houthis along the Yemeni side of border, the London-based newspaper Elaph said.
The Shias said the planes had struck four locations using phosphorus bombs.
The attacks came after a Saudi security officer was killed and 11 were wounded in a cross-border attack by the Shias.
The Houthis said on Wednesday that they had taken “full control” of a mountainous section of the border region of Jabal al-Dukhan.
The Yemeni government has been waging a campaign against the Shia group since 2004.
Riyadh has been supporting the Yemeni government in attacks against the Shias.
In October, there were clashes between Houthis and Saudi security forces near the border.
Yemen is one of the world’s poorest countries and analysts question the ability of the government to assert full control over the country.
UPDATED
Saudi Arabia has launched heavy air strikes on Houthis in northern Yemen and is moving troops nearer the border after a raid into its territory by Houthis, a Saudi government adviser said on Thursday.
Saudi government officials said only that the air force had bombed Yemeni Houthi fighetrs who had seized a border area inside the kingdom, which they said had now been recaptured. The officials said at least 40 Houthis had been killed in the fighting.
“As of yesterday late afternoon, Saudi air strikes began on their positions in northern Yemen,” the adviser said, asking not to be named because operations were still going on.
“There have been successive air strikes, very heavy bombardment of their positions, not just on the border, but on their main positions around Saada,” he said, alluding to the capital of the northern province.
Al Jazeera television quoted a Houthi spokesman as saying the Saudi air force had raided six locations inside Yemen. One position had been hit by about 100 missiles in one hour.
There was no official confirmation from Riyadh or the Yemeni capital Sanaa of cross-border Saudi air strikes, which the Saudi adviser said were coordinated with Yemen’s armed forces.
Saudi Arabia said on Wednesday a security officer was killed and 11 were wounded in an attack by gunmen who had crossed the border from Yemen — the first such reported incursion since the long-running conflist erupted in August.
The Saudi-owned Elaph website reported that a second soldier had died later from the same clash.
No ground attack yet
The Saudi government adviser said no decision had yet been taken to send troops across the border, but made clear Riyadh was no longer prepared to tolerate the Yemeni Shias.
“After what happened yesterday, it is clear they have lost track of reality and it has got to a point where there is no other way. They have got to be finished,” he said.
Houthis have previously accused Saudi Arabia of backing Yemen’s armed forces in the conflict. Sanaa had denied this.
The Houthis said on Wednesday they had taken control of the Jabal al-Dukhan area after defeating Saudi forces there.
Saudi Arabia was allowing the Yemeni army to use the mountainous area to launch attacks against them and they would take action if this continued, the Houthis said.
Aid groups say around 150,000 people have been displaced by the fighting, which first broke out in 2004
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