Sen. Markwayne Mullin (R-Okla.) reacts to the U.S. and British military's launch of an offensive against the Houthis in Yemen, speaking to the Iowa caucuses on “The Bottom Line.”
British oil company Shell has reportedly suspended all shipping through the Red Sea indefinitely amid continued Houthi attacks from Yemen on commercial ships on the vital global trade route.
The suspension was first reported by The Wall Street Journal on Tuesday, citing anonymous sources.
FOX Business reached out to Shell's Americas office on Tuesday, but there was no immediate response, and the Journal reported that the company declined to comment on the matter.
The move comes after BP suspended shipments via the Red Sea last week, and Qatar Energy also suspended liquefied natural gas exports this week.
US Navy announces first seizure of Iranian weapons bound for Yemen, mission leaves two seals missing
Shell tanker truck at Eindhoven Airport, Netherlands, February 1, 2023. Shell has reportedly suspended shipments to the Red Sea. (Nicolas Economou/NurPhoto via / Getty Images)
Speaking to Reuters at the World Economic Forum in Davos, Switzerland, an executive at ports and freight forwarding company DP World told Reuters that as a result of the Houthi attacks, prices for consumer goods had “significantly increased”, especially for Europeans. I predicted it would have an impact on my wallet.
Since November, Iran-backed Yemeni Houthi rebels have fired dozens of missiles and drones at commercial ships around the Red Sea. Although they claim to retaliate for Israeli counterattacks in Gaza against Hamas terrorists, Houthi attacks have become increasingly indiscriminate, putting even tankers and container ships carrying sanctioned Russian oil at risk. has been done.
Last month, the Houthis targeted a Shell tanker en route to transporting Indian jet fuel through the Red Sea.
The magazine pointed out that about 12% of the world's total seaborne oil trade passes through the Red Sea.
A cargo ship sails through the Suez Canal in Ismailia Governorate, Egypt, January 13, 2024. (Ahmed Gomaa/Via Xinhua/Getty Images)
Yemeni leader claims US ignored warnings about growing Houthi threat
The rebels fired a missile at the US-owned Gibraltar Eagle in the Gulf of Aden off the coast of Yemen, sparking concerns after the US led airstrikes targeting Houthi positions on Friday and Saturday with support from Britain. Ta. A broader conflict in the corridor leading to the Suez Canal, which serves as the fastest trade route between Asia and Europe.
Militia groups vowed Monday to expand attacks on ships in response to the U.S. and British attacks.
The United States carried out new attacks on Houthi targets in Yemen on Tuesday, a US official confirmed to Fox News.
Suez Canal in Ismailia, Egypt, January 13, 2024. (Ahmed Gomaa/Via Xinhua/Getty Images)
The attack targeted and destroyed four Houthi anti-ship ballistic missiles provided by Iran in Yemen. The missiles were prepared to target commercial ships in the Red Sea and Gulf of Aden, US officials told Fox News.
Reuters reported on Tuesday that another ship, a Maltese-flagged, Greek-owned bulk carrier, was hit by a missile in the Red Sea off the coast of Yemen while en route from Vietnam to Israel.
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Tanker owners who spoke to this newspaper after the weekend's US-led airstrikes said several captains of charter vessels bound for Europe suez canal It recently refused entry into the Red Sea, choosing instead to sail through southern Africa. The newspaper also reported that Singapore's Shipping Registration Authority and industry lobby group Intertanco have warned ships to avoid the waterway.
FOX News' Liz Frieden contributed to this report.
