On Monday 19 February, Europe’s foreign ministers approved the launch of EUNAFOR ASPIDES (see EUROPE B13348A6), the European Union’s maritime security operation to preserve freedom of navigation in the context of the crisis in the Red Sea.
Numerous Houthi attacks have targeted international commercial vessels since October 2023 in the Red Sea. According to Egyptian President Abdel Fattah Al-Sissi, his country’s revenue from the Suez Canal had “fallen by 40% to 50%” by early 2024....