Shell suspends all Red Sea shipments - WSJ

British oil major Shell has suspended all shipments through the Red Sea indefinitely after US and UK strikes on Yemen's Houthi rebels triggered fears of further escalation, the Wall Street Journal reported on January 16, citing people familiar with the decision, Report informs referring to Reuters.

Attacks on ships by the Houthis, who say they are acting in solidarity with Palestinians, have disrupted global commerce.

Last week, the company took the step to halt all crossings over concerns that a successful attack could trigger a massive spill in the region, as well as present risks to the safety of crews on the ships, the report added.