Brent crude was trading at $105.65 per barrel, up from about $102 on Monday, and was on track for a weekly gain despite dipping from Thursday's close. West Texas Intermediate was at $93.11, down from roughly $98 at the start of the week. Supply concerns remain focused on escalating Yemeni Houthi attacks on Saudi Arabia, including the Yanbu port on the Red Sea, and uncertainty surrounding the Strait of Hormuz (a key global oil shipping chokepoint). Reports of possible United States-Iran ceasefire discussions have not removed the risk premium. Under the reported proposal, Iran would reopen the strait in exchange for the United States lifting its naval blockade. Analysts June Goh and Tim Waterer said oil prices could remain supported above $100 until clearer evidence of durable de-escalation emerges.