Mediation Track Returns

Oman, the United Nations and possibly U.S. or Iranian intermediaries press both sides to prevent a collapse of the earlier ceasefire process. Because the Houthis explicitly excluded Mecca and Medina, there is still room for de-escalatory signaling tied to pilgrimage and civilian aviation.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.