BR100 Increased By (1.37%)
BR30 Increased By (1.27%)
KSE100 Increased By (1.16%)
KSE30 Increased By (1.21%)
AGHA 7.88 Increased By ▲ 0.13 (1.68%)
BECO 5.22 Increased By ▲ 0.03 (0.58%)
BML 58.01 Decreased By ▼ -0.65 (-1.11%)
BOP 34.60 Increased By ▲ 0.91 (2.7%)
CNERGY 10.84 Increased By ▲ 0.23 (2.17%)
CSIL 5.45 Increased By ▲ 0.15 (2.83%)
FCCL 54.80 Increased By ▲ 1.06 (1.97%)
FFL 16.71 Increased By ▲ 0.25 (1.52%)
FNEL 1.23 Increased By ▲ 0.01 (0.82%)
KEL 7.47 Increased By ▲ 0.19 (2.61%)
KOSM 5.70 Increased By ▲ 0.06 (1.06%)
LOTCHEM 30.05 Increased By ▲ 0.40 (1.35%)
MLCF 97.25 Increased By ▲ 0.89 (0.92%)
NBP 206.50 Increased By ▲ 2.97 (1.46%)
NCPL 58.15 Increased By ▲ 1.30 (2.29%)
NPL 69.35 Increased By ▲ 2.04 (3.03%)
OGDC 321.30 Increased By ▲ 3.08 (0.97%)
PACE 10.80 Increased By ▲ 0.17 (1.6%)
PAEL 42.85 Increased By ▲ 1.08 (2.59%)
PIBTL 17.15 Increased By ▲ 0.34 (2.02%)
PPL 223.50 Increased By ▲ 3.33 (1.51%)
PRL 51.90 Increased By ▲ 2.85 (5.81%)
PTC 71.00 Increased By ▲ 0.99 (1.41%)
SSGC 29.65 Increased By ▲ 0.51 (1.75%)
TBL 9.85 Increased By ▲ 0.08 (0.82%)
TELE 9.01 Increased By ▲ 0.19 (2.15%)
TPL 17.51 Increased By ▲ 0.34 (1.98%)
TPLP 13.00 Increased By ▲ 0.49 (3.92%)
TREET 22.97 Increased By ▲ 0.38 (1.68%)
TRG 60.50 Increased By ▲ 0.28 (0.46%)
Business & Finance

Shell suspends all Red Sea shipments: WSJ

Published Updated
Photo: AFP
Photo: AFP
By

British oil major Shell suspended all shipments through the Red Sea indefinitely after US and U.K. strikes on Yemen’s Houthis triggered fears of further escalation, the Wall Street Journal reported on Tuesday, citing people familiar with the decision.

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

Houthis hit US-owned container ship, no injuries: US

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.

Shell declined to comment.

Last month, rival BP said it had temporarily paused all transits through the Red Sea.

Comments

Comments are closed for this article.