BP pauses all Red Sea shipments after rebel attacks Published
BP pauses all Red Sea shipments after rebel attacks Published In a statement, US defence secretary Lloyd Austin said: "The recent escalation in reckless Houthi attacks originating from Yemen threatens the free flow of commerce, endangers innocent mariners, and violates international law." BP said it would keep its "precautionary pause under ongoing review" and monitor the region. Analysts suggested that if other large oil firms follow suit, oil prices could rise.Oil prices were higher on Monday, with international benchmark Brent trading up 2.6% to almost $79 a barrel.