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The energy giant BP has suspended gas and oil shipments through the Red Sea. The decision was backed by increasing attacks on ships by Houthi forces in Yemen. At least six other companies have halted traffic through the red sea, resulting in rising global oil prices. Brent and West Texas Intermediate crude, for example, experienced price increases of nearly 3% to $73.49 and $78.68, respectively 

BP suspends all oil shipments through the Red Sea as attacks escalate

The energy giant BP has suspended gas and oil shipments through the Red Sea. The decision was backed by increasing attacks on ships by Houthi forces in Yemen. At least six other companies have halted traffic through the red sea, resulting in rising global oil prices. Brent and West Texas Intermediate crude, for example, experienced price increases of nearly 3% to $73.49 and $78.68, respectively 

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