Following intensified attacks by Houthi rebels, oil supermajor BP is temporarily suspending all shipments via the Red Sea, becoming the latest major firm to pause vessel navigation in the area that could reverberate through global supply chains. “In light of the deteriorating security situation for shipping in the Red Sea, BP has decided to temporarily pause all transits through the Red Sea,” BP said on Monday in a statement carried by the BBC. “We will keep this precautionary pause under ongoing review, subject…
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