Brent crude oil rose above $107 per barrel after Houthi forces claimed responsibility for striking a Saudi military site, reviving concerns about disruptions through the Red Sea and Bab el-Mandeb Strait. West Texas Intermediate also climbed above $95. Saudi officials reported multiple casualties, dozens of injuries and significant damage after drone and missile strikes on energy sites. Brent had already crossed $100 in July 2026, its first move above that level since May, after Houthi attacks hit Saudi tankers in the Red Sea; a subsequent naval blockade intensified supply fears. The September attack pushed Brent to approximately $107.6 around September 11. The Bab el-Mandeb Strait and Red Sea route carry roughly 5% to 15% of global maritime trade, including a substantial portion of global oil flows, so prolonged insecurity can raise shipping insurance, rerouting expenses and fuel costs. Goldman Sachs has forecast average Brent prices of $100 next year and said prices could exceed $120 in the fourth quarter of 2027 if disruptions persist at current levels. Asian importers including India, South Korea and Japan face particular exposure, while markets will monitor Houthi activity and naval security arrangements. Greater naval involvement could stabilize shipping, whereas continued insecurity would keep insurance and rerouting costs elevated.