Shell suspends all Red Sea shipments indefinitely amid Houthi attacks from Yemen: report
Sen. Markwayne Mullin, R-Okla., reacts to the U.S.-U.K. militaries launching strikes against Houthis in Yemen and weighs in on the Iowa caucuses on 'The Bottom Line.'
The British oil company Shell reportedly has suspended all shipments through the Red Sea indefinitely amid the ongoing Houthi attacks from Yemen on commercial vessels on the key global trade route.
The suspension was first reported by The Wall Street Journal on Tuesday, citing unnamed sources.
FOX Business reached out to Shell’s office for the Americas on Tuesday but did not immediately hear back, and the Journal report says the company declined to comment on the matter.
The move comes after BP paused shipments through the Red Sea last week, as did Qatar Energy this week of its shipments of liquefied-natural-gas exports.
US NAVY ANNOUNCES FIRST SEIZURE OF IRANIAN WEAPONS BOUND FOR YEMEN AS TWO SEALS REMAIN LOST FROM MISSION
Shell tanker truck at Eindhoven Airport in the Netherlands, on Feb. 1, 2023. Shell reportedly suspended Red Sea shipments. (Nicolas Economou/NurPhoto via / Getty Images)
Speaking to Reuters at the World Economic Forum in Davos, Switzerland, an executive from the port and freight operator DP World predicted that the prices of consumer goods will be «significantly higher» as a result of the Houthi attacks, specifically impacting Europeans’ pocketbooks.
Since November, Iranian-backed Houthi rebels in Yemen have launched dozens of missiles and drones at commercial vessels around the Red Sea. They are claiming to avenge the Israel counter-operation in Gaza against Hamas terrorists, though the Houthi attacks have grown increasingly indiscriminate and have even imperiled tankers and container ships moving sanctioned Russian oil.
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