Saudi Arabia pushes naval alliance as Red Sea risks spread north
- The proposed Saudi-led alliance would cover the Red Sea, Bab el Mandeb and Gulf of Aden, although key details remain under discussion
- Unclaimed drone attacks on two LNG vessels at Damietta have raised concerns that shipping threats are extending towards the northern Red Sea
- Insurers are already restricting Saudi-linked business as an expanded high-risk zone triggers immediate additional premiums at the country’s key ports
The proposed framework remains short on operational details, while Saudi oil flows are redirected
