Damage proves limited

Saudi authorities and Aramco report that the attack caused little or no operational damage at the main Gulf export complex. This is the most likely near-term outcome because Saudi air defenses and redundancy around Ras Tanura and Ju’aymah often limit the physical effect of Houthi long-range strikes.

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