Crude oil prices (WTI and Brent) rose ~2–3.5% after Houthi missile attacks on Saudi Arabia's Taif and Yanbu facilities, triggering concerns about supply disruptions via the East-West Pipeline and Yanbu port. However, easing Middle East tensions—following Iran's proposal to the US to reopen the Strait of Hormuz and resume talks within 7 days—bolstered market confidence in short-term supply recovery and reduced shipping risks, tempering immediate fears of sustained supply shock.