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Under Iran's Auspices, Houthis Turn Red Sea into Strategic Threat Zone
(Ha'aretz) Zvi Bar'el - The spillover of the war in Gaza to the Red Sea, with the Houthis joining the war against Israel, has developed into a strategic regional threat. The U.S. decided to speed up the establishment of an international coalition which will operate in the Red Sea in order to ensure free navigation, but it appears that parties capable of giving immediate assistance are not keen on joining. Egypt is the main party affected by the war waged by the Houthis against Israel. The Suez Canal, which in 2022-2023 brought Egypt $9.5 billion, could now lose most of its revenues. The Saudis are also not very keen on joining the American coalition out of a concern that Saudi Arabia would again become a target of the Houthis after the two reached a cease-fire agreement in April 2022.