TRUMP WEIGHED HOUTHI STRIKES — THEN HELD OFF

President Trump considered U.S. airstrikes against the Houthis in Yemen over the weekend after renewed Saudi requests for military help.

CENTCOM reportedly prepared strike options, but Trump ultimately held off, amid concerns retaliation could threaten the Bab-al-Mandeb Strait.

Market angle: opening a second major shipping chokepoint could drive oil prices sharply higher.