Tesla, Volvo pause production lines, oil prices up amid Red Sea tension

ISMAILIA, EGYPT - JANUARY 10: A ship transits the Suez Canal towards the Red Sea on January 10, 2024 in Ismailia, Egypt. In the wake of Israel's war on Gaza after the October 7 Hamas attack on Israel, Houthi rebels in Yemen pledged disruption on all ships destined for Israel through the Red Sea's Suez Canal. The disruption on world trade is evident in the number of companies using this container ship route - a 90 per cent decline compared to figures one year ago. (Photo by Sayed Hassan/Getty Images)

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Tesla, Volvo pause production lines, oil prices up amid Red Sea tension

Subscribe for less than $9/month to access this story and all Al-Monitor reporting.