Yemeni Houthis have kept the Red Sea region on edge for several years. The most recent attack on a merchant vessel was reported in early July.

The market will resolve to YES if, between 00:01 ET on July 24, 2025 and 23:59 ET on August 31, 2025, the Yemeni Houthis successfully attack a commercial vessel or a warship. A “successful attack” includes rocket strikes, drone strikes, small-arms fire, boarding, or any other action that causes physical damage to the vessel or its crew.

Data source: Official information from international news agencies (AP, Reuters, Bloomberg), supplemented by reputable news-wire reports from major global media outlets.