Fears petrol prices will soar as BP SUSPENDS all Red Sea shipping after Houthi cargo ship attacks on vital trade route

OIL giant BP has paused all of its shipments through the Red Sea due to ongoing attacks from Yemen’s Houthi rebels.

It said the temporary decision was caused by a “deteriorating security situation” in the Middle East as fears grow the move will send prices soaring.

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A number of other freight companies have been suspending their operations after being targeted by the Iran-backed terror group.

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