A simple guide to the Yemen conflict
Published . Updated .
Here’s a brief history of Yemen’s war - from the Houthi takeover in 2014 to the latest escalation.
Directly affected
- No company is named in this report.
Indirectly affected
- ZIM ZIM Integrated Shipping
Container lines are exposed when a shipping lane is disrupted
- MATX Matson
Container lines are exposed when a shipping lane is disrupted
- DAC Danaos
Ship owners earn more when vessels are tied up longer
- GSL Global Ship Lease
Ship owners earn more when vessels are tied up longer
- LMT Lockheed Martin
Defense contractors get more work when conflict spending rises
- RTX RTX
Defense contractors get more work when conflict spending rises
- SBLK Star Bulk Carriers
Dry-bulk carriers move with commodity shipping demand
- GOGL Golden Ocean
Dry-bulk carriers move with commodity shipping demand
- FRO Frontline
Longer voyages raise tanker earnings when ships avoid the Red Sea
- XLE Energy Select Sector SPDR
Energy prices move when a shipping lane is disrupted
Price reaction, T-5 to T+3
Here’s a brief history of Yemen’s war - from the Houthi takeover in 2014 to the latest escalation.
Source: Al Jazeera World
The price since 21 Sep 2026: IShares U.S. Aerospace & Defense ETF (ITA) versus the S&P 500
Since the first closing price after “A simple guide to the Yemen conflict,” IShares U.S. Aerospace & Defense ETF (ITA) is -3.02%. The S&P 500 fund (SPY) is -0.88% over the same days, a -2.13% difference versus the market. industrial stocks (XLI) is -2.10%, a -0.92% difference versus that group of stocks.
Where “A simple guide to the Yemen conflict” sits: Red Sea
Red Sea has 101 linked stories in the last 7 days and 101 in the last 30 on the page that also carries “A simple guide to the Yemen conflict.” The recent pace is rising.
Companies in defense around IShares U.S. Aerospace & Defense ETF (ITA)
Companies mentioned with this story
- ITA IShares U.S. Aerospace & Defense ETF
In “A simple guide to the Yemen conflict,” IShares U.S. Aerospace & Defense ETF (ITA) is linked, with no stored direction, medium confidence. Reason on file: Material security escalation can alter defense demand expectations and risk premia
- XAR Spdr Series Trust
For “A simple guide to the Yemen conflict,” Spdr Series Trust (XAR) is linked, with no stored direction, medium confidence. Reason on file: Material security escalation can alter defense demand expectations and risk premia
- PPA Invesco Aerospace & Defense Etf
For “A simple guide to the Yemen conflict,” Invesco Aerospace & Defense Etf (PPA) is linked, with no stored direction, medium confidence. Reason on file: GA selected PPA as a RELATED security because its canonical security name directly matches this event's themes: defense. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- WAR U.S. Global Technology And Aerospace & Defense Etf
In “A simple guide to the Yemen conflict,” U.S. Global Technology And Aerospace & Defense Etf (WAR) is linked, with no stored direction, medium confidence. Reason on file: GA selected WAR as a RELATED security because its canonical security name directly matches this event's themes: defense. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- GLD Spdr Gold Trust
Spdr Gold Trust (GLD) is linked, with no stored direction, medium confidence in the 21 Sep 2026 story “A simple guide to the Yemen conflict.” Reason on file: Material security escalation can affect safe-haven and macro-risk proxies; this is a monitoring relationship, not a directional prediction
- TLT Ishares Tr
In “A simple guide to the Yemen conflict,” Ishares Tr (TLT) is linked, with no stored direction, medium confidence. Reason on file: Material security escalation can affect safe-haven and macro-risk proxies; this is a monitoring relationship, not a directional prediction
- UUP Invesco DB US Dollar Index Bullish Fund
Invesco DB US Dollar Index Bullish Fund (UUP) is linked, with no stored direction, medium confidence in the 21 Sep 2026 story “A simple guide to the Yemen conflict.” Reason on file: Material security escalation can affect safe-haven and macro-risk proxies; this is a monitoring relationship, not a directional prediction
IShares U.S. Aerospace & Defense ETF (ITA) and the defense link
The 21 Sep 2026 story “A simple guide to the Yemen conflict” names IShares U.S. Aerospace & Defense ETF (ITA) because of Red Sea.
IShares U.S. Aerospace & Defense ETF (ITA) is on the page because Material security escalation can alter defense demand expectations and risk premia
Spdr Series Trust (XAR) is here too. Its reason reads: Material security escalation can alter defense demand expectations and risk premia
What this defense story puts on the calendar
ITA traded between 201.08 and 217.79 across 20 sessions. The latest close on file is 207.60. PPA traded between 151.56 and 162.12 across 20 sessions. The latest close on file is 156.07. XAR traded between 216.28 and 245.40 across 20 sessions. The latest close on file is 223.20.
What the saved facts support for IShares U.S. Aerospace & Defense ETF (ITA)
46 out of 100
“A simple guide to the Yemen conflict” scores 46 out of 100. The score uses 1 sources, and 7 linked companies.