Conditional Air Corridor

The most likely near-term outcome is a narrow humanitarian arrangement rather than a full reopening of Saudi airspace. The Houthis use clearance terms to claim leverage, while Saudi Arabia, the UN, and Oman try to keep medical and aid flights moving without conceding broader control over Riyadh operations.

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