This is entirely possible. The Houthi's have upped their missile program and are now targetting Saudi oil infrastructure and even fired a missile at a Saudi oil tanker. You only have to surmise what would happen to the oil market if one of these missiles hits. ( you go to your supermarket and buy as much as you can )
In the meantime basic fundamentals are taking oil higher following minimal E&P capex over the last 4 years. Senex has put the hard yards in and are set to become a very big earner.