bp halts oil and gas traffic through the Red Sea

bp has stopped all shipments of oil and gas through the Red Sea after an increase in attacks on cargo ships by Houthi militants in Yemen.

The British oil and gas major said it had paused shipping in the region indefinitely blaming a “deteriorating security situation” amid growing tensions in the Middle East.

The firm becomes the first oil firm to directly halt its own tankers, after a string of big shipping companies stopped their vessels passing through the waters between Asia and Africa that connect the Indian Ocean to the Mediterranean, with the Suez canal at the tip.

bp said in a statement: “In our trading and shipping business, as in all BP businesses, the safety and security of our people and those working on our behalf is BP’s priority.

“In light of the deteriorating security situation for shipping in the Red Sea, BP has decided to temporarily pause all transits through the Red Sea. We will keep this precautionary pause under ongoing review, subject to circumstances as they evolve in the region.”