Retaliation Escalates

Saudi leaders respond to the warning failure and repeated attacks with a sharper military posture against Houthi launch sites. This path raises oil-risk premia and defense-sector expectations, but the market move depends on whether retaliation remains limited to Yemen or spreads toward Iran-linked assets.

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