Major Shipping Firms Halt Red Sea Routes Following Houthi Attacks

The number of major shipping firms halting all commercial sailings through the highly trafficked Red Sea strait has increased to seven in response to missile and drone attacks by Yemen's Iran-backed Houthis. Taiwanese container shipping line Evergreen and Belgian tanker owner Euronav are the latest additions to the list. Energy giant BP Plc has also paused all tanker sailings through the strategic Bab al-Mandab strait due to Houthi militants.  "In light of the deteriorating security situation for shipping in the Red Sea, BP has decided to…