Energy prices are experiencing significant volatility as tensions in the Middle East escalate, particularly following Houthi attacks on Saudi airports and ongoing conflicts involving Iran and Ukraine. Despite a brief rise in prices after a claimed increase in Russian diesel supplies, oil markets reacted swiftly to the uncertainty surrounding supply routes, especially through the Strait of Hormuz, leading to fluctuations in Brent and WTI prices. The U.S. Energy Secretary reported that oil flows in Hormuz have reached about 80-90% of pre-conflict levels, contributing to mixed trading sentiments. Analysts note that while market recovery is visible, the potential for renewed fighting and geopolitical strife poses ongoing risks to oil supply stability, causing prices to rally and retreat multiple times in recent days. The situation remains fluid, with traders closely monitoring developments in both Middle Eastern conflicts and negotiations regarding energy between key nations.