Energy Infrastructure Escalation

A more dangerous scenario is a widening tit-for-tat campaign centered on Saudi and Houthi energy infrastructure. This would revive memories of the 2019 Abqaiq-Khurais attack, though the immediate market reaction would still depend on whether exports are actually curtailed.

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