Possible scenario
Houthi Retaliation Escalates
−1.3%
The Houthis treat the Syrian deployment as a new foreign intervention and answer with more frequent drone and missile attacks. Riyadh then faces pressure to expand air operations or send additional allied forces to the frontier.
What it moves
- Energy+2.2%
- Consumer Services−1.7%
- Riskier companies' borrowing costs
- Market volatility
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