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Posts tagged as “BPD”

BP’s Suspension of Gas and Oil Shipments Through Red Sea Fuels Fears of Geopolitical Tensions in Middle East

Key takeaways: BP has suspended all gas and oil shipments through the Red Sea due to a surge in attacks on ships in the region from Houthi-controlled areas of Yemen. The move has caused global oil prices to jump, with Brent and West Texas Intermediate crude rising nearly 3%. The suspension of shipments by BP is a sign of the…