Oil Rallies 1.7% on Saudi Pipeline Outage, Houthi Red Sea Expansion

Brent crude rose 1.7% to $107.45 in Asian trade as Houthi advances along Yemen's Red Sea coast and an attack on a key Saudi onshore pipeline heighten supply disruption fears. The outage compounds existing Middle East supply constraints, though the extent of pipeline damage and duration of the outage remain unconfirmed. This adds a fresh supply-side premium to an already tight market.