Contained Saudi-Houthi Escalation

The most likely path is a continuation of Houthi drone and missile launches against Saudi airports, air-defense sites, and border cities, with Riyadh responding through limited strikes in Yemen. The conflict intensifies tactically but does not yet shut major Saudi oil production or draw the United States into direct combat.

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