Markets around the event · cumulative change, 10 sessions before to 20 after · shaded: normal range of Brent oil
Brent oilSwiss francUS dollar
US and UK strike the Houthis
The United States and the United Kingdom strike Houthi targets in Yemen after attacks on Red Sea shipping. Riftrate read 77 the day before and 79 at its highest within 14 days.
Riftrate the day before77Crisis
Within 14 days79 ▲ +1.6Crisis
CategoryWarWars and attacks
CountryYemen
What markets didfrom the last close before the event
| Market | Next session | After 5 sessions | After 20 sessions | How unusual |
|---|---|---|---|---|
| Brent oil | -0.4% | +1.0% | +3.5% | bigger than 16% of 5-day moves |
| US 10-year yield | -0.02 pt | +0.17 pt | +0.19 pt | bigger than 78% of 5-day moves |
| US dollar | -0.3% | +0.6% | +1.0% | bigger than 61% of 5-day moves |
| Swiss franc | +0.4% | -1.6% | -2.2% | bigger than 86% of 5-day moves |
| Japanese yen | +0.8% | -1.5% | -2.2% | bigger than 76% of 5-day moves |
Correlation or cause? A market that moves on the day of an event is not proof that the event moved it. “How unusual” compares the move with every 5-day move of the previous three years: above 95%, the move stands out from normal noise. Read it with the news of the day, and see how to tell correlation from causation. Not investment advice.
Riftrate · 60 days before and after
Source for the event: en.wikipedia.org. Market data: FRED, Federal Reserve Bank of St. Louis.
More: wars and attacks
The full libraryIran war 2026US intervention in Venezuela 2026Twelve-Day War 2025India strikes Pakistan 2025Iran strikes Israel 2024October 7 attack 2023Pelosi visits Taiwan, China drills 2022Russia invades Ukraine 2022Fall of Kabul 2021War in Nagorno-Karabakh 2020Soleimani killed 2020Attack on Saudi oil facilities 2019Western strikes on Syria 2018