Saudi Retaliation Intensifies

Riyadh responds to the Dammam incident and the prior Riyadh airport strike with expanded air operations against Houthi missile and drone facilities. This reduces the chance of near-term negotiations and raises the probability of tit-for-tat attacks, but the immediate market effect depends on whether retaliation remains geographically contained.

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