Brent crude futures rose 1.4% to approximately $115.47 per barrel early Wednesday, while U.S. West Texas Intermediate climbed to $101.33.
The rebound followed Tuesday's decline of nearly $2 per barrel, when investors became more optimistic about Middle East diplomacy.
The Houthis claimed they had targeted a Saudi refinery with a capacity of approximately 550,000 barrels per day.
Saudi authorities had not immediately confirmed the reported strike, and the extent of any damage remained unclear.
The renewed tension comes as President Donald Trump weighs further negotiations with Iran against the possibility of renewed military escalation.
The Bottom Line
Oil remains one of the biggest obstacles to a sustained recovery in high-growth technology stocks.
A lasting decline in crude prices could ease inflation expectations and improve risk appetite. Renewed attacks on Gulf energy infrastructure could reverse that progress.