Suez Canal

Egypt has pledged to support Saudi Arabia against the Houthis without reservation.

Foreign Minister Badr Abdelatty:

"Whatever is being asked by the Saudis, of course we will respond. Without any reservation we are providing all kind of support."

Suez Canal revenues are already suffering from Houthi control around Bab el-Mandeb.

Haaretz reports that the secret Dubai summit attended by PM Netanyahu and representatives from 10 other countries reached agreements on a Gulf to Mediterranean oil route via Eilat, joint bases in Socotra and Somaliland, economic aid for Egypt over lost Suez revenue and an immigration plan involving Libya.

According this report, a secret document was also reportedly drafted as the basis for an “Abraham Alliance,” envisioned as a Middle East version of NATO.

Yemen's Houthis Spokesperson:

If tensions escalate, we can target oil infrastructure to completely halt even the limited amount of Saudi oil exports through the Suez Canal.

Yemeni Presidential Council chief Rashad al-Alimi:

Any attempt to change the military situation near Bab al-Mandab will not be tolerated.

Protecting the Yemeni coast is a Yemeni, Arab, and international interest.

Bab al-Mandab is a vital international corridor, and any threat to it extends to the Red Sea, the Suez Canal, and global trade.

Al Hadath.

Suez Canal revenues reached $505 million in July, Egypt's highest monthly figure since December 2023, per Bloomberg.