Houthi Retaliation Expands

The Houthis answer the Saudi-led operation with missile, drone, and maritime attacks to show they can still threaten Saudi cities and Red Sea traffic. This is the main escalation risk because the group recently struck Riyadh and captured parts of the coast before the counteroffensive.

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