Security Deteriorates Further

Houthi attacks continue against Saudi airports, energy infrastructure, or urban targets, making the AFC’s rescheduling decision the first step toward a broader reassessment. This scenario is less likely than a managed delay but remains plausible given the recent sequence of strikes on Riyadh airport and Saudi refineries.

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