the houthis are shielded politically by the proxy war facade. everyone knows iran backs the houthis. and everyone knows the anti-ship missiles the houthis are firing came from iran.
but just as iran denied helping to plan/fund/arm the oct 7th hamas attack, they will deny responsibility for what "bad actors" do with iranian weapons.
and the houthis are derailing global shipping via potentially lethal missile attacks on civilian vessels, which are violations of both the geneva convention the holy juggxrnaught of elite profiteering, which simply will not stand in a world in which billionaires buy politicians by the dozen and the trillionaires dictate history.
and then you're in the hague for a multimonth/year haggling of starched-wig politicos while the world burns down.
whereas, if reporting is accurate (still unclear to me) iranian operatives were directly involved in the hijacking of the tanker and are still on board the tanker.
presumably, one of usa/uk/germany/alia will send in seals/sas/ksk/etc... to retake the tanker before it reaches iran.
which would put western soldiers in direct lethal combat with iranian operatives (assuming intel is legit).
and that's seems a harrowingly precarious ww3 trigger to me. 😢
as for the impact on SPY, SPY is up 11%, within punching distance of all-time-high, since the oct 7th hamas attack that started the middle-east facet of ww3 preamble.
i def agree SPY will care at some point. but it seems evident from decades of empirical data that, in modern algobot markets, news is irrelevant unless the exchange is cracked or burning down.
thus, SPY 500, baby! because they can. and they will. and they don't stop...