Oil prices have risen after BP announced it would pause all oil shipments through the Red Sea, in the latest sign of an escalation in the crisis caused by Yemeni rebels’ attacks on vessels in the area that is threatening a vital route for global trade.

Brent crude, the international benchmark, added 1.9% to $77.98 a barrel. Shares in some of the biggest shipping companies also climbed today, extending gains from last week. Read the full story here: https://on.ft.com/3v84SLW

#TheNostr | #growNostr | #press | #PLEBchaiN