Yemen's Houthi-led government has recently heightened military readiness, significantly raising the probability of Israeli military action against Iran. Current market estimations indicate that the likelihood of an Israeli strike on Iran by April 21 has surged to 14.4%, a notable increase from just 4% within a 24-hour period. With only three days until a resolution, market reactions reflect the growing concern regarding potential military escalations.
At 11:31 AM, the market for Israeli military action against Iran experienced a leap, jumping from 13% to 21%. This shift suggests that traders are adjusting expectations in light of the Houthis’ recent alignment with the Iran-led