President Trump’s administration has declined Saudi requests for direct U.S. strikes against Houthi forces in Yemen, opting instead for intelligence sharing and diplomatic contacts with the group via Oman while monitoring Red Sea developments. This approach aligns with the broader focus on the ongoing Iran conflict, where congressional war powers resolutions have highlighted limits on unilateral executive action and domestic pressures from elevated energy costs ahead of midterms. Traders view the absence of any announced plans for U.S. combat involvement or introduction of forces into hostilities as the dominant factor behind the 97.8% implied probability on “No.” A sudden escalation involving direct threats to U.S. personnel or shipping could still prompt a shift before the September 30 deadline, though current signals indicate continuation of partner-led support without new U.S. hostilities.