{"id":2150365,"date":"2024-01-16T12:09:03","date_gmt":"2024-01-16T17:09:03","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/shell-oil-becomes-latest-to-suspend-shipping-through-red-sea-because-of-houthi-attacks\/"},"modified":"2024-01-16T12:13:21","modified_gmt":"2024-01-16T17:13:21","slug":"shell-oil-becomes-latest-to-suspend-shipping-through-red-sea-because-of-houthi-attacks","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/shell-oil-becomes-latest-to-suspend-shipping-through-red-sea-because-of-houthi-attacks\/","title":{"rendered":"Shell Oil halts Red Sea shipping due to Houthi attacks"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fshell-oil-becomes-latest-to-suspend-shipping-through-red-sea-because-of-houthi-attacks%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2150365&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>The Shell oil company suspends shipments through the Red Sea due to terrorist attacks<\/h2>\n<p style=\"font-weight: 400\">In a bold move, the Shell\u2064 oil company, one of\u200d the largest in the world, has announced the \u2062indefinite suspension of \u2063all shipments \u200bthrough the\u200c Red Sea. This decision comes in \u2064response to the relentless attacks from the\u200c terrorist group known as the Houthis, originating from \u2064Yemen.<\/p>\n<p style=\"font-weight: 400\">The latest attack on a Shell-chartered\u200d tanker\u200b by Houthi boats in December has prompted the British-based company to join British Petroleum in suspending ships sailing through the \u2064Red Sea. This follows\u2063 the footsteps of other major companies such as A.P.\u2064 Moller-Maersk,\u200d Hapag-Lloyd, MSC, and CMA CGM, who have already diverted their ships.<\/p>\n<p style=\"font-weight: 400\">The significance of\u200d this decision cannot be understated, as approximately 12% \u200bof the world&#8217;s \u2063<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/israel-hamas-war-risks-upending-trade-and-commodities-shipping\/\" title=\"Israel-Hamas conflict threatens trade and shipping of commodities.\">seaborne oil trade<\/a> is transported\u2064 through the Red Sea. The Wall Street Journal <a href=\"https:\/\/www.wsj.com\/world\/middle-east\/shell-suspends-red-sea-shipments-amid-fears-of-more-houthi-attacks-c7fa936d?mod=latest_headlines\" target=\"_blank\" rel=\"noopener\">notes<\/a> that tanker \u200bowners have reported captains of chartered vessels refusing to enter the Red Sea, forcing them to take a\u2062 longer route around \u2062Southern Africa.<\/p>\n<h3>Protecting freedom of navigation in the Red Sea<\/h3>\n<p style=\"font-weight: 400\">Last Friday, Secretary of State for Foreign, Commonwealth\u200c and Development \u200cAffairs and \u2064Former Prime Minister\u2062 of the United Kingdom, David Cameron, \u200b <a href=\"https:\/\/twitter.com\/FCDOGovUK\/status\/1745777763208855866\" target=\"_blank\" rel=\"noopener\">stated<\/a>:<\/p>\n<blockquote>\n<p style=\"font-weight: 400\">Freedom of\u2064 navigation across international lanes in the Red Sea must be\u200c protected. And this is why we\u2019re \u2062taking\u2064 action. \u2063It\u200b is necessary, legal, proportionate, and right. The U.K. along with the U.S. and other allies, including \u200dthe\u200d United \u200bNations Security Council, have repeatedly made clear \u2064that these illegal Houthi attacks are completely unacceptable.\u2063 There have been warning after warning, but the attacks\u200d have continued,\u2064 including most recently\u2064 the attack \u2062involving our own ship,\u2063 HMS Diamond, which \u2062included 18 \u2063drones and a number of missiles, and \u200bwas one of the\u2063 biggest \u200dto date. \u2026 \u200dThe Houthis \u200bshould be clear that \u2064we are serious \u2062when we say \u200cthese actions against U.K. \u2062and other ships are unacceptable. And it\u2019s right that we\u2019ve taken this action.<\/p>\n<\/blockquote>\n<p style=\"font-weight: 400\">This statement emphasizes the importance of safeguarding international\u200b trade routes \u2062and sends \u200ba strong message to the Houthis that\u200d their actions will not be tolerated.<\/p>\n<h3>Opposing voices\u2063 and ongoing conflict<\/h3>\n<p style=\"font-weight: 400\">Houthi leader Mohammed Ali al-Houthi, \u2064speaking at a rally in San\u2019a\u2019s Sabeen Square, <a href=\"https:\/\/www.wsj.com\/world\/middle-east\/u-s-strikes-give-yemens-houthis-the-enemy-they-long-sought-50415f4c\" target=\"_blank\" rel=\"noopener\">expressed<\/a> his vehement \u200copposition to the United States, proclaiming, &#8220;America\u2064 is the\u2063 devil. America is your enemy. America is terrorism.&#8221;<\/p>\n<p style=\"font-weight: 400\">Meanwhile, Iranian\u2064 Supreme Leader Ayatollah Khamenei <a href=\"https:\/\/twitter.com\/JasonMBrodsky\/status\/1747213290592235586\" target=\"_blank\" rel=\"noopener\">praised<\/a> the Houthis&#8217; attacks on maritime shipping, stating,\u200d &#8220;We hope, God willing, that\u200d these struggles, this resistance,\u200c and those actions will continue \u200duntil victory \u2063is achieved.&#8221;<\/p>\n<p> <\/p>\n<h2> What actions \u200bshould the \u200dinternational community take to\u200c address the escalating threat posed by the Houthis and ensure the safety of maritime routes in the Red Sea<\/h2>\n<p><span>  N, \u200bcondemned the Houthi attacks\u2062 and\u200b expressed support for the decision of \u2062Shell and other companies\u200c to suspend shipments through the Red Sea.\u200c He emphasized the importance of protecting freedom of \u2062navigation in international waters and called on \u200dthe\u200c international community\u2063 to take immediate action to address \u200cthe\u200d escalating threat posed by the Houthis.<\/p>\n<p style=\"font-weight: 400\">The Red Sea is a vital shipping route connecting Europe to Asia and witnessing over 5 million\u200c barrels of oil pass through it daily. The recent attacks by the Houthis have not only threatened the safety of vessels and crew but also disrupted global oil supply chains. The \u2064suspension of shipments through the\u200b Red Sea is \u2062a\u200c significant step in ensuring the security and stability of this important maritime \u2062route.<\/p>\n<p style=\"font-weight: 400\">This decision by Shell and \u200cother companies highlights the growing concern \u2062over the security situation in the Red Sea region. The\u200b Houthis, who are backed by Iran, have been engaging in a prolonged conflict\u200d with the\u200d internationally recognized Yemeni government. Their attacks on commercial ships not only endanger lives but also contribute to\u200d the instability of the region.<\/p>\n<p style=\"font-weight: 400\">The international community must\u200b address this threat with urgency. It is crucial\u2064 for regional and global powers to \u2062come together and devise a comprehensive strategy to counter the actions of the Houthis. Strengthening maritime security in the Red Sea\u200b should be \u200ba top priority, with increased patrols, intelligence sharing, and cooperation among\u2063 nations.<\/p>\n<p style=\"font-weight: 400\">In addition to protecting commercial shipping, it is also essential to address the root causes\u2064 of the conflict in Yemen. The ongoing war has caused immense suffering and displacement, and \u2062a peaceful resolution is crucial to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/maduros-threat-against-oil-rich-neighbor-raises-specter-of-putin-copycat-in-venezuela\/\" title=\"Maduro's oil-rich neighbor threatened, sparking fears of a Venezuelan Putin\">ensuring long-term stability<\/a> in \u200dthe region. International \u200ddiplomatic efforts should focus on facilitating negotiations between the warring parties and promoting a political solution.<\/p>\n<h3>Implications for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-moves-to-block-sale-of-oil-from-strategic-petroleum-reserve-to-china-iran\/\" title=\"Senate blocks sale of oil from Strategic Petroleum Reserve to China, Iran.\">global oil\u200b markets<\/a> and consumer\u2063 prices<\/h3>\n<p style=\"font-weight: 400\">The\u2064 suspension\u200d of shipments through the\u2063 Red Sea\u200d has \u2064significant implications for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/buttigieg-passing-spending-bills-important-to-reduce-inflation\/\" title=\"Buttigieg: Passing Spending Bills 'Important' to Reduce Inflation\">global oil markets<\/a> and consumer prices. With approximately \u200d12% of the world&#8217;s seaborne oil trade passing through the Red Sea, any disruption in supply can have a dramatic impact on prices and market stability.<\/p>\n<p style=\"font-weight: 400\">The \u200bredirection of tankers around Southern Africa adds\u200c considerable time and cost to shipments. This, combined with the \u2063uncertainty and security risks associated with alternative \u200droutes, could lead to increased oil prices and supply chain \u2063disruptions. The effects would not only be felt by <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/g7-finance-ministers-commit-to-russian-oil-price-cap-will-help-ukraine-for-as-long-as-it-takes\/\" title=\"G7 Finance Ministers Commit To Russian Oil Price Cap, Will Help Ukraine \u2018For As Long As It Takes\u2019\">oil-importing countries<\/a> but could also have \u2062broader implications\u2064 for global economic growth.<\/p>\n<p style=\"font-weight: 400\">While the immediate impact of the suspension may not be\u200c immediately visible in prices, prolonged\u2063 disruptions in the Red Sea could lead to tighter supply conditions and price volatility in the future. It is crucial for companies and governments to actively monitor \u2064the\u200b situation and take necessary measures to mitigate potential risks.<\/p>\n<h3>Conclusion<\/h3>\n<p style=\"font-weight: 400\">The decision of Shell and other major oil companies to suspend shipments through the Red Sea due to terrorist \u200cattacks\u2062 by the Houthis is a significant development. It underscores the urgent \u2063need for\u200b international action to address the security \u2062threats in the region and protect freedom of navigation.<\/p>\n<p style=\"font-weight: 400\">The international community \u2064should prioritize strengthening maritime \u200dsecurity\u200d in the Red Sea, while also working towards a peaceful resolution of the conflict in Yemen. Additionally, governments and industry stakeholders must closely monitor the implications of\u2064 the suspension on global oil markets and consumer prices \u200dto mitigate potential disruptions.<\/p>\n<p style=\"font-weight: 400\">Addressing the security challenges in the Red Sea requires a collaborative and coordinated approach. Failure to act promptly may lead to\u200b severe consequences for global trade, energy security, and regional\u200c stability. It is crucial for all stakeholders \u2063to unite and take decisive actions to ensure the safety of maritime routes and prevent further disruptions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>That it would also suspend shipments through the Red Sea due to security concerns. Shell&#8217;s decision comes as tensions continue to rise in the region, posing significant risks to oil transportation. With two major oil companies halting operations, the situation highlights the escalating threat posed by the Houthis and the need for heightened security measures<\/p>\n","protected":false},"author":60,"featured_media":2150366,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-2150365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2150365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/60"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2150365"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2150365\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2150366"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2150365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2150365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2150365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}