A Yemeni source reports that an emergency meeting of the Yemeni National Defense Council, chaired by Al-Alimi, has begun to discuss the Houthi escalation, reports Al Arabiya

The emergency meeting of the Yemeni National Defense Council indicates rising tensions due to Houthi escalations, which could suggest an imminent military response or policy shift. Market participants should consider potential implications for oil prices and regional stability, particularly as escalating conflict often drives risk aversion and influences the positions of key assets like gold or safe-haven currencies.