The oil giant joins shipping firms in suspending travel through the key route following missile strikes.
A new Suez crisis is brewing as oil giant BP joins global shipping companies in pausing cargo transit through the Red Sea following a wave of Houthi rebel ...
The U.S.-led operation aims to counter escalating missile and drone attacks on commercial vessels by the Yemen-based Houthi rebel group, which are impacting ...
Attacks on commercial ships near the Middle Eastern country of Yemen have forced huge freight companies to change or pause their movements on one of the ...
Several shipping lines have suspended services through the Red Sea as more than a dozen vessels have been attacked since the start of the Israel-Hamas war.
(Bloomberg) -- US Defense Secretary Lloyd Austin announced a new maritime task force intended to protect commercial vessels traveling through the Red Sea ...
Oil and natural gas giant BP has joined the growing list of companies that have halted their shipments through the Red Sea because of the risk of attack ...
(Bloomberg) -- A company that provides thousands of crew to the global shipping industry said it's asking vessel owners to consider routes that avoid the ...
The attacks on commercial vessels in the Red Sea by Yemen's Houthi rebels have scared off some of the world's top shipping companies and oil giants, ...
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 ...
Vessels to be rerouted via Cape of Good Hope due to threat of Yemeni rebel attacks on Suez route.
Analysts warn delays on the key trading route risk pushing up energy prices following missile strikes.
LONDON, Dec 19 (Reuters) โ Oil steadied on Tuesday as investors considered the potential impact on oil supply from attacks by Yemen's Iran-aligned Houthi ...
It is the latest targeting of container ships and oil tankers passing through a narrow waterway that separates Yemen from East Africa and leads north to the Red ...
Global shipping rates rose sharply and companies scrambled to avoid disruption to shipments after attacks on vessels in the Red Sea on Tuesday stymied ...
The company said its vessels on hold will start on the longer journey as soon as possible, as it welcomed a new international taskforce to tackle the ...