Chokepoint Escalation

A less likely but high-impact path is that the blasts mark a deliberate tightening of Houthi control over Bab el Mandeb. Even a short-lived inspection regime or follow-on strike would raise oil, insurance, and freight costs because the route is central to Europe-Asia trade and Gulf energy flows.

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