Oil prices climbed steeply after drone attacks shut Saudi Arabia's East-West pipeline. The move followed a major supply disruption. Diesel prices set an unprecedented peak. That result created fresh stress for the broader energy market. Supply fears from the Middle East are extending gains across the sector. A Houthi advance is putting key oil shipping routes under pressure. This development has amplified worries about global supply lines. Traders are monitoring supply risks now. Despite these concerns, the Australian stock market (ASX) has resisted immediate impacts from higher oil and rate hike fears. The local bourse stayed resilient even as energy costs climbed. Investors remain alert to the next moves in crude prices. The oil market could stay volatile while Middle East risks persist. Another large price swing is still on the cards. Energy markets are still tense after the latest escalation.