Oil Prices Jump As BP Halts Shipments Through Red Sea After Rebel Attacks

Oil Prices Jump As BP Halts Shipments Through Red Sea After Rebel Attacks

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Oil prices have found some respite from a six-week sell-off as BP PLC BP became the latest company to announce it was halting shipments through the Red Sea due to the “deteriorating security situation for shipping.” The development comes amid increasing attacks on vessels in the Red Sea by Houthi…

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