{"id":291894,"date":"2023-12-19T17:29:49","date_gmt":"2023-12-19T16:29:49","guid":{"rendered":"https:\/\/climatescience.press\/?p=291894"},"modified":"2023-12-19T17:29:53","modified_gmt":"2023-12-19T16:29:53","slug":"middle-east-violence-throws-global-energy-market-into-turmoil","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=291894","title":{"rendered":"Middle East Violence Throws Global Energy Market Into Turmoil"},"content":{"rendered":"\n
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SANA’A, YEMEN – FEBRUARY 28: Houthi fighters ride vehicles that carry coffins of Houthi fighters who were killed in the recent confrontations against forces of the government in Yemen’s gas-rich province of Marib, during a funeral procession on February 28, 2021 in Sana’a, Yemen. Fighting has intensified between the Houthi group and forces of the government over the capturing of Yemen’s gas-rich province of Marib, leaving more than 50 fighters killed, including a senior commander of the government. (Photo by Mohammed Hamoud\/Getty Images)<\/figcaption><\/figure>\n\n\n\n

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From The Daily Caller<\/a><\/strong><\/p>\n\n\n

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NICK POPE<\/a><\/p>\n\n\n\n

CONTRIBUTOR<\/p>\n\n\n\n

The escalating violence in the Middle East caused a disturbance in the global energy market Monday morning after a major oil company announced it is pausing shipments through a crucial shipping lane.<\/p>\n\n\n\n

British Petroleum (BP) said that it is halting oil shipments through the Red Sea because of the uptick in attacks launched by Yemen\u2019s Iran-backed Houthis, a militant Islamist group that the Biden administration\u00a0removed<\/a>\u00a0from the \u201cForeign Terrorist Organization\u201d list in 2021. BP is the latest major company to pause its operations amid the escalating violence in and around the Red Sea, and the announcement prompted a spike in oil prices worldwide,\u00a0according<\/a>\u00a0to CNN.<\/p>\n\n\n\n

\u201cIn light of the deteriorating security situation for shipping in the Red Sea, BP has decided to temporarily pause all transits through the Red Sea,\u201d a spokesperson for the company told the Daily Caller News Foundation. \u201cWe will keep this precautionary pause under ongoing review, subject to circumstances as they evolve in the region.\u201d\u00a0(RELATED: \u2018Enabled By Iran\u2019: Pentagon Sheds Light On Drone Attacks Against Ships In Red Sea)<\/a><\/strong><\/p>\n\n\n\n

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This is an escalation. Saturday morning, a U.S. warship downed a wave of 14 suicide drones launched at once from Houthi-controlled Yemen. @DailyCaller<\/a> https:\/\/t.co\/3nAekAGEVm<\/a><\/p>— Micaela Burrow (@micaela_burrow) December 16, 2023<\/a><\/blockquote>