The British oil company Shell reportedly has suspended all shipments through the Red Sea indefinitely amid the ongoing Houthi attacks from Yemen on commercial vessels on the key global trade route.

Shell’s decision follows several other companies avoiding the shipping route. Both Shell’s rival BP and Qatar Energy have said that they will pause shipments through the Red Sea.

Wael Sawan, Shell’s chief executive, says in an interview with WSJ’s Jenny Strasburg at Davos that the company’s decision today to suspend shipping in the Red Sea is affecting costs.

Shell halts Red Sea shipments due to attacks by Yemen's Houthi rebels, escalating global shipping concerns. Secretary Blinken states Red Sea conflict impacts 15% of daily commercial traffic ...

Shell has refused to comment on a report that it has suspended shipments through the Red Sea amid attacks on freight by Iran-linked Houthi rebels. The oil and gas major was said, by the Wall ...

“I probably got the ’70s Strat [1986 cover] somewhere in L.A. the day before the shoot. The Candy Apple Red Strat [1987 cover] wasn’t even mine! It was just something that was probably lying ...

Like a copy of mine?’ I said, ‘Yeah, sure.’ And I ended up doing that.” Switching from a Strat to a Red Special replica came with its challenges. “I find them harder to use and control ...