Houthis plan to block the Red Sea oil route, threatening global shipping. WTI reaching $110 in July 2026 at 4.8% YES.

Houthis declare a naval blockade on Saudi Arabia, raising concerns over oil exports. Successful shipping attacks by July 31, 2026, at 45% YES.

Houthis impose maritime embargo on Saudi Arabia, raising concerns over oil supply. Successful targeting of shipping by July 31 at 48.5% YES.