Diplomatic De-escalation

Omani, U.N., and possibly Chinese channels produce a temporary pause in Houthi launches. This is less likely because the Houthis recently rejected Oman talks, but flight disruption at this scale gives Riyadh and external actors stronger incentives to test a ceasefire mechanism.

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