Oil prices jumped sharply after drone attacks shut Saudi Arabia's East-West pipeline. The move arrived on the back of an attack on energy infrastructure. Diesel prices set an unprecedented peak. That result created fresh stress for the broader energy market. Supply fears from the Middle East are supporting the rally across the sector. A Houthi advance has placed 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 held firm even as energy costs climbed. Investors are focused on the next moves in crude prices. The oil market may remain unstable while Middle East risks persist. Another large price swing cannot be ruled out. Energy markets are staying jittery after the latest escalation.