The European Union is mulling whether to establish a new naval operation in the Red Sea with the aim of re-establishing security and freedom of navigation, as Yemen’s Houthis continue to attack ships in the critical waterway despite warnings from the US and allies.
The bloc’s member states are discussing the plans this week to determine whether there is willingness by nations to cover the costs and provide vessels for the new operation. The EU could finalize the plans as soon as a Jan. 22 meeting of foreign ministers in Brussels, according to people familiar with the discussions.
The International Monetary Fund (IMF) has warned of negative effects on Yemen due to escalation in the Red Sea, also affirming that the halt in oil…
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