Oil ticked up on Monday as traders were keeping an eye out for potential supply turmoil concerns in the Middle East after strikes hit by U.S. and British military to stop Houthi rebels in Yemen from targeting ships during their route in the Red Sea.

Traders were alert to potential disruptions in Middle Eastern supplies following the actions taken by US and British military to prevent the Houthi group in Yemen from attacking ships in the Red Sea.

Brent crude advanced by 0.3% to $78.53 per barrel, US WTI edged up by 0.2% to $72.85 per barrel, post hitting a 1% gain in the earlier session.

Tension increased overnight as the US launched another hit, prompting the Houthi militia to vow a "strong and effective response" on Sunday. Subsequently, the United States claimed to have shot down a ship controlled by the Houthis.

After the strikes, many tanker owners avoided the Red Sea, and several tankers altered their routes on Friday. Nevertheless, traders continued to monitor Iran's reaction and its potential impact on supplies via the Strait of Hormuz, the most significant oil chokepoint in the world. At least four liquefied natural gas tankers that were traveling through the region have also been delayed by the fighting.