In The Face Of Escalating Houthi Attacks, BP Suspends Oil And Gas Shipments Across The Red Sea
BP was the first oil corporation to suspend shipments in the Red Sea, citing a deteriorating security environment as a result of increased attacks by Yemeni rebels on ships sailing a route that accounts for 10% of all international commerce. Brent crude, the worldwide benchmark, finished the day 1.8% higher at $77.95 a barrel. The …