President Trump has signaled caution on direct U.S. military involvement in Yemen amid recent Houthi attacks on Saudi targets, including the October 10 strike on Riyadh’s airport. Administration statements and reporting indicate a preference for diplomacy and limited support such as intelligence sharing rather than new airstrikes, consistent with a 2025 ceasefire reached after prior U.S. operations. A bipartisan War Powers Resolution introduced in Congress on October 9 seeks to bar unauthorized hostilities against the Houthis, adding procedural and political constraints ahead of the November midterms. Traders assign the “No” outcome a 95.8% implied probability given the short timeline to October 31 and the administration’s recent pattern of deferring action. A major escalation or rapid Saudi-backed decision could still shift the outlook within the remaining window.