BP pauses oil tanker traffic through Red Sea amid Houthi rebel attacks

BP pauses oil tanker traffic through Red Sea amid Houthi rebel attacks

The BP oil giant will pause all of its shipments through the Red Sea effective immediately due to a series of attacks on trade vessels by Houthi rebels in Yemen, the company announced Monday.

BP is the latest major company to announce a pause in shipments, following in the footsteps of Maersk, which had a vessel targeted by anti-ship missiles last week. The Iran-backed Houthi rebels have sought to disrupt trade in the region in an effort to halt Israel's war against Hamas.