President Trump's administration has shown no signs of introducing U.S. forces into hostilities against Houthi targets in Yemen, with officials explicitly declining Saudi requests for direct strikes and limiting involvement to intelligence sharing and diplomatic coordination. A 2025 U.S.-Houthi understanding, reaffirmed in recent Oman talks, has held amid Houthi advances along the Red Sea coast, while U.S. resources remain focused on the separate Iran conflict. Traders see this as reinforcing the near-certainty that no War Powers Resolution report will be submitted by the September 30 deadline. Late developments such as an unexpected escalation requiring U.S. combat operations or a reversal in administration policy could still trigger the reporting requirement before month-end.