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BP halts oil tankers passing through Red Sea on deteriorating security

December 19, 2023 Comments Off

BP became the first international oil major to announce Dec. 18 it had suspended tankers passing through the Red Sea in response to the worsening security situation in the region and repeated attacks by Houthi militants on shipping. “In light of the deteriorating security situation for shipping in the Red Sea, BP has decided to temporarily pause all transits through…