Oman Channel Advances

Iran uses Oman as a lower-risk diplomatic channel to signal that it can encourage the Houthis toward limited restraint without appearing to concede to Saudi demands. This is the most likely path because Muscat has historically mediated Yemen and Gulf backchannels, while all parties have incentives to avoid a full Red Sea crisis.

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