Brent crude climbed above $100 a barrel in Asian trading on Wednesday for the first time since July 24 after Iran-backed Houthi forces struck Saudi energy infrastructure, including Saudi Aramco facilities, raising the prospect of further supply disruption in the Middle East. The November Brent contract rose $2.15, or 2.2%, to $100.07 a barrel, while October West Texas Intermediate gained $1.70, or 1.83%, to $94.73. The attacks struck Abha, Khamis Mushait, Jazan and Najran, setting installations ablaze, injuring dozens and prompting at least partial shutdowns. The escalation threatens Saudi Arabia’s route for moving crude across the peninsula to Red Sea terminals while shipping through the Strait of Hormuz remains severely curtailed. Flows through Hormuz fell below 2 million barrels a day after fighting resumed on Aug. 30, from 8 million to 9 million barrels a day in the preceding week and roughly 20 million barrels daily before the war. Bank of America said Brent could trade between $95 and $120 through year-end if constrained flows persist, while HSBC raised its annual Brent forecast to $90 from $80. The oil rally has revived inflation concerns and complicated central-bank decisions. The 10-year U.S. Treasury yield closed at 4.805% on Tuesday, its highest level since October 2023, while gold rose to about $4,385 an ounce. European and UK gas prices had already surged amid the regional conflict, with Dutch TTF futures reaching 78.72 euros per megawatt-hour in earlier trading. Saudi Aramco’s anticipated damage assessment is the immediate focus for traders assessing whether production or export capacity has been affected.