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BP say the "deteriorating security situation" has forced them to make the decision after recent attacks on vessels by Houthi rebels.

It follows two of the world's largest shipping companies, Maersk and Hapag-Lloyd, saying they were temporarily stopping all freight through the area.

Sam Fenwick gets the latest reaction and finds out what the wider global impact is.

(Picture: Containers are seen on the Maersk's container ship Maersk Gibraltar at the APM Terminals in the port of Algeciras, Spain January 19, 2023. Credit: REUTERS/Jon Nazca/File Photo)