President Trump’s administration has repeatedly declined direct U.S. military strikes on Houthi forces in Yemen despite Saudi requests, opting instead for intelligence sharing, targeting data, and partner-led operations amid Houthi advances along the Red Sea coast. This approach aligns with the broader focus on the ongoing Iran conflict, congressional war powers resolutions limiting executive action, and domestic pressures including midterm elections and elevated energy costs. U.S. officials have signaled no imminent plans for American combat involvement or new hostilities that would trigger a War Powers Resolution report. With the September 30 deadline approaching, trader consensus at 97.8% for “No” reflects these policy signals and the absence of catalysts for rapid escalation. Late developments such as a sudden Houthi attack on U.S. assets or a policy reversal could still shift the outcome before resolution.