Red Sea Attacks Spark Global Shipping Concerns

BP has temporarily halted all oil shipments through the Red Sea due to the deteriorating security situation caused by recent attacks by Houthi rebels. Other freight companies, including Evergreen Line, Maersk, MSC, Hapag-Lloyd, and CMA-CGM, have also suspended their ships in the region. The Red Sea is a crucial route for oil and consumer goods shipments, but the Houthi rebels have been targeting vessels passing through the Bab al-Mandab Strait. The rebels have declared their support for Hamas and claim to be targeting ships heading to Israel. BP and other companies are closely monitoring the situation and will review their decisions as circumstances evolve.