Calibrated Saudi Retaliation

Riyadh conducts limited strikes against Houthi missile and drone infrastructure while trying to avoid a direct confrontation with Iran. This path is plausible because the airport deaths create domestic and regional pressure for a visible response, but Saudi leaders still want to avoid a full return to the most intense phase of the Yemen war.

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