Live Update 
From the Liveblog of
Monday, December 18, 2023
From the Liveblog of
Monday, December 18, 2023
Oil giant BP suspends shipments through Red Sea amid Houthi attacks
Illustrative: A sign at a BP petrol station in London, Feb. 7, 2023. (AP Photo/Kirsty Wigglesworth, File)
Oil giant BP says it is pausing all shipments of oil through the Red Sea after recent attacks on vessels by Iran-backed Houthi rebels, the BBC reports.
BP says the temporary move is due to the “deteriorating security situation.”
“The safety and security of our people and those working on our behalf is BP’s priority,” the company says.
“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. We will keep this precautionary pause under ongoing review, subject to circumstances as they evolve in the region.”
