Possible scenario
Saudi Retaliatory Escalation
25%
−0.9%
Riyadh responds with a broader air campaign against Houthi missile launchers, storage sites, and command nodes around Sanaa and northern Yemen. The escalation is significant but remains geographically contained unless U.S. forces become directly involved.
What it moves
- Energy+1.3%
- Consumer Services−1.2%
- Riskier companies' borrowing costs
- Market volatility
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