Bitcoin

This event adds to a growing list of geopolitical flashpoints (Ukraine, Taiwan) that are eroding risk appetite. Crypto's recent correlation with equities and oil means any sustained energy price shock could pressure mining costs and investor sentiment, while a flight to safety might temporarily benefit Bitcoin as a non-sovereign asset.

Yemen's Houthis announced a maritime embargo on Saudi Arabia, effective immediately, in response to a Saudi blockade of Yemeni ports and airports.