Yemen’s Huthi rebels announced late Friday that they planned to halt all attacks on Saudi Arabia as part of a peace initiative to end their country’s devastating conflict.

Mehdi al-Mashat, head of the Huthis’ supreme political council, announced in a speech marking the 2014 rebel seizure of the capital Sanaa “the halt of all attacks against the territory of Saudi Arabia”.

He added that he hoped “the gesture would be answered by a stronger gesture” from the Saudis, according to the rebels’ Al-Masirah television channel.

The announcement comes after a wave of drone strikes last weekend on Saudi oil installations knocked out half of the kingdom’s production and sent shock waves through energy markets.

The Huthis claimed responsibility for the attacks, but Riyadh’s ally Washington has placed the blame on Iran, which backs the Yemeni insurgents.

President Donald Trump and the US Treasury Department on Friday laid out the latest in a series of economic sanctions against the Islamic republic.

Mashat said the Huthis’ peace initiative was aimed at “bringing about peace through serious negotiations to achieve a comprehensive national reconciliation which does not exclude anyone”.

A major goal was to “preserve the blood of Yemenis and achieve a general amnesty”, he added.

The plan calls for rebels to “stop all attacks on Saudi territory by drones, ballistic missiles and other means”, he said.

“Pursuing war is not in anyone’s interest.”

He also called for the reopening of Sanaa’s international airport and open access to Yemen’s Red Sea port of Hodeida, a crucial entry point for imports and humanitarian aid.

The Huthis have been fighting against a Saudi-led coalition that intervened in 2015 to support the country’s internationally recognised government.

The rebels have repeatedly targeted key Saudi infrastructure in recent months in cross-border attacks.

Saudi Arabia has so far not directly accused any party of carrying out Saturday’s attacks, but said authorities have launched an investigation to determine the culprits.