BP is the latest company to pause Red Sea shipments over fears of Houthi attacks – Winnipeg Free Press
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By Courtney Bonnell Oil and natural gas giant BP has joined the growing list of companies that have halted their shipments through the Red Sea because of
Oil and natural gas giant BP has joined the growing list of companies that have halted their shipments through the Red Sea because of the risk of attack from Yemen’s Houthi rebels
Describing it as a ‘precautionary pause,’ BP said the decision was under ongoing review but that it was prioritizing crew safety
The attacks on commercial vessels in the Red Sea by Yemen’s Houthi rebels have scared off some of the world’s top shipping companies and oil giants. That has effectively rerouted global trade away from a crucial artery for consumer goods and energy supplies athat is expected to trigger delays and rising prices. BP said Monday that it's “decided to temporarily pause all transits through the Red Sea” including shipments of oil, liquid natural gas and other energy supplies. Oil prices rose partly over market nerves about attacks by the Iranian-backed Houthis. They've targeted co...