Egypt seeks de-escalation in Bab el-Mandeb, cites $11B Suez Canal losses

Egypt's Foreign Minister Abdelatty publicly called for de-escalation in the Bab el-Mandeb strait, citing nearly $11 billion in Suez Canal revenue losses due to navigation disruptions. This marks a notable diplomatic push by Cairo, which has been economically hit by Houthi attacks on shipping. The statement signals Egypt's growing urgency to restore maritime security, though concrete outcomes remain uncertain.