ASX set to fall as Wall Street dips and Houthi threats boost oil prices

Australia's share market is poised for a lower opening, tracking a negative performance on Wall Street ahead of key earnings reports from tech giants Alphabet, Tesla, and Intel later this week. The ASX 200 finished Monday's trading session down 0.1% at 8,791 points, with futures indicating a further decline of 0.4% in early trade.

Global markets also showed weakness, with the Dow Jones Industrial Average falling 0.6%, the S&P 500 down 0.2%, and the Nasdaq Composite shedding 0.1%. European markets followed suit, with the FTSE down 0.7% and the Stoxx 600 off by 0.3%.

Oil prices continue to hover near a one-month high. Brent crude futures rose 1% to $US88.97 a barrel, and WTI futures climbed 0.7% to $US83.06 a barrel. This surge is attributed to threats from Yemen's Houthis to impose a naval blockade on Saudi Arabia, overshadowing hopes for renewed negotiations between the U.S. and Iran.

In other market data, the Australian dollar gained 0.2% to trade at 69.96 U.S. cents. Spot gold saw a slight decrease of 0.2% to $US4,008 an ounce, while iron ore prices dipped 0.4% to $US98.60 a tonne. Bitcoin experienced a modest increase of 1.3% to $US65,334.