December 18, 2023
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5:26Now PlayingOil giant BP has announced it is pausing all shipments of oil through the Red Sea after recent attacks on vessels by Houthi rebels.
The firm blamed the "deteriorating security situation" in the region as Iran-backed Houthis target ships they believe are bound for Israel.
Many freight firms have suspended journeys as the attacks continue.
BP said it would keep its "precautionary pause under ongoing review" and monitor the region.
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