The British oil company Shell reportedly has suspended all shipments through the Red Sea indefinitely amid the ongoing Houthi attacks from Yemen on commercial vessels on the key global trade route.

British oil major has halted transit through the Red Sea, a Wall Street Journal report said — Astrid VELLGUTH British oil giant Shell has paused transit through the key Red Sea shipping route ...

Wael Sawan, Shell’s chief executive, says in an interview with WSJ’s Jenny Strasburg at Davos that the company’s decision today to suspend shipping in the Red Sea is affecting costs.

Supermajors are adopting different tactics to respond the deteriorating security situation in the Middle East with Shell reportedly electing to suspend its vessels’ movements in the Red Sea while ...