Oil prices climbed above $100 a barrel as Yemen's Houthi rebels intensified strikes on Saudi oil tankers in the Red Sea, with traders noting risks to routes such as Bab el-Mandeb and the Hormuz Strait bypass via the Saudi Petroline. Brent settled around $100.69 a barrel and WTI finished near $92 as markets priced in renewed supply disruptions and broader Middle East tensions. The attacks, along with Hormuz-related risks, point to a tighter global oil market, with disruptions rippling through export routes from the Middle East toward the Caspian region and Red Sea supply chains. Market analyses highlighted declines in regional exports and a shift of Saudi volumes through alternative pipelines, intensifying concerns about global supply from the region. Analysts warned that further escalation could push prices higher than current levels in the near term.