BP to Pause All Tanker Transits Through the Red Sea
- Iran-backed Houthis attacking ships in support of Hamas
- Norway’s Equinor says that it too will start to avoid Red Sea
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BP Plc said it will pause all shipments through the Red Sea after attacks on merchant vessels escalated, adding to signs that trade through the vital waterway is grinding to a halt.
BP’s decision, the most tangible sign of disruption to energy flows since the Hamas-Israel war started, comes days after all the world’s top container shipping lines said they were temporarily halting. Norway’s Equinor ASA made a similar announcement hours later.