The United Nations Security Council is holding an emergency meeting to discuss the crisis in Yemen.

The open meeting is scheduled for 5 p.m. (2200 GMT) Sunday to consider the situation in Yemen after a rebel takeover spun the Arab world's poorest country into the danger of collapse.

A draft resolution obtained by The Associated Press demands that Shiite Houthi rebels "immediately and unconditionally" withdraw forces from government institutions, release U.S.-backed President Abed Rabbo Mansour Hadi and his Cabinet from house arrest, and engage "in good faith" in U.N.-led peace talks.

Foreign ministers of the largely Sunni six-nation Gulf Cooperation Council on Sunday urged the U.N. to intervene, warning that if the world fails to respond they are prepared to take action on their own to maintain regional security .