BP halts oil and gas shipments through Red Sea after rebel attacks [View all]
Source: The Guardian
Mon 18 Dec 2023 07.39 EST
BP has halted all shipments of oil and gas through the Red Sea after a step-up in attacks on cargo ships by Houthi militants in Yemen.
The British oil company said on Tuesday that it had paused shipping in the region indefinitely, citing a “deteriorating security situation” amid tensions in the Middle East.
BP becomes the first oil company to directly halt its own shipping, after five big shipping companies stopped their vessels passing through the waters between Asia and Africa which connect Asia and Europe, with the Suez canal at the tip.
The companies have moved to secure their vessels after attacks mounted by Houthis in protest at Israel’s efforts to attack Hamas in Gaza. These have included an attack on a US warship, and commercial vessels have come under fire off the coast of Yemen.
Read more: https://www.theguardian.com/business/2023/dec/18/bp-halts-oil-and-gas-shipments-red-sea-shipping
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