BP Oil and Other Tanker Co Will Not Transport Any Tankers Through the Red Sea

A tourniquet is tightening on Europe’s lifeblood in the dead of winter. Following the announcement of BP Oil that they will not transport any tankers through the Red Sea, Frontline LTD, the 4th largest oil tanker shipping company in the world, has also stated that they will avoid the Red Sea indefinitely. Oil and gas prices jump as BP stops Red Sea shipments because of attacks by Iran-backed Houthi rebels 🔶️ Oil rose sharply on the news. Brent crude, the global benchmark, was up 1.1% to $77 a barrel. US oil rose 1% to $72 a barrel. 🔶️ The news…