This article aims to provide an analysis of the military capacity, ideological power, war strategies, and class interests of the different parties in the current Yemeni war. On one level, this article aims to unveil the strengths of the different players in Yemen as well as their interactions in order to show the current balance of power that appears to be in favor of the Houthis. On another level, it aims to show that even though the Houthis are “winning” or might have even “won” the war already, the overall class tensions are creating structural misery in Yemen (through bombings, state failure, widespread famine, and more). The severity and deep political meaning of these class tensions overdetermined by imperialism reveal a gloomy prospect for Yemen. Indeed, because of the nature of the overlapping contradictions, the Houthis will stay dominant nationally, but the war will go on under different forms.