Yemen Houthi Spokesperson says if the Saudi siege on Yemen is not lifted, the country's armed forces will move towards a full-scale war.

The statement from the Yemeni Houthi spokesperson escalates tensions significantly by threatening full-scale war if the Saudi siege continues. This could lead to heightened geopolitical risks, impacting oil prices and safe-haven assets like gold, as traders react to the potential for increased conflict in the region. Curbed supply dynamics from any military escalation may also ripple through the WTI and Brent crude markets.