The two shores of the Red Sea have become pivotal, in geopolitical and strategic terms, when it comes to global trade, regional economic growth and the overall stability of the region. The recent developments in the broader region have highlighted the interconnections and interdependencies across the Red Sea, and have made it both urgent and opportune to revive ties and build a community of shared interests, commerce, investment and security. The European Union (EU) is ready to engage with all the relevant actors and participate in such an endeavour.
The stability of the Horn of Africa and the freedom of navigation from the Indian Ocean through the Red Sea to the Mediterranean, both crucial to Europe, are being put in jeopardy by developments in the Red Sea region. The search for influence and strategic assets, together with the growing militarisation of the Red Sea coast, are increasing risks within the region, with potential global consequences. The conflict in Yemen is further feeding regional tensions and threatening the safety of its neighbours, while creating dramatic humanitarian consequences which could result in further population displacement, both within the country and in the broader region. Combined with the ongoing crisis in the Gulf, this has a potential direct effect on the security situation and long-term stability on and around the Red Sea.