Brent crude futures ticked up in early trading as investors weighed persistent geopolitical risks threatening global energy supply chains.
The price action reflects ongoing market sensitivity to potential disruptions in key shipping corridors and processing infrastructure.
The latest move comes amid a backdrop of heightened security concerns.
Recent reports indicate that Ukrainian forces struck an oil refinery in the Russian city of Yaroslavl, adding to a series of attacks on Russian energy infrastructure.
Separately, Indonesia has condemned recent tanker attacks in the Red Sea, underscoring the continued vulnerability of major maritime trade routes.
These developments reinforce the supply-side risks that have kept energy markets on edge.
The strike on the Yaroslavl facility follows a previous attack on the Omsk refinery, Russia's largest oil processing plant, located deep in Siberia.