Oil climbs to eight-week highs as Red Sea attacks continue ...Middle East

The Red Sea crisis is continuing to underpin oil prices, with the most recent attacks hinting that the situation is set to prolong further. Major shipping company, Maersk, had to turn around two ships - even though accompanied by the US Navy - after seeing explosions nearby.And plenty of other companies are also doing the same thing. The latest news is that Australian mining giant, BHP Group, is set to divert all of its shipments from Asia to Europe away from the Red Sea. And while not mentioned, oil shipments are also caught in the crossfire as well.The whole situation is helping to keep oil prices underpinned and WTI crude is now trading up to its highest levels since 1 December 2023:As sh

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