Off Leash with Erik Prince
Iran Expands Red Sea Piracy Fueling Regional Conflict Against Israel
Feb 13, 2024
The podcast discusses Iran's piracy through the Houthis on the Red Sea, causing major economic harm and raising shipping prices worldwide. It questions the Biden administration's efforts to thwart this piracy and the conflict in Yemen, Syria, and Iraq. Other topics include the impact on the Egyptian currency, potential strategies for resolving the crisis, consequences of diverted shipping, and the need for increased pressure on the Houthis and progress in Gaza.
16:55
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Quick takeaways
- The piracy directed by Iran through the Houthis on the Red Sea has caused a significant decrease in shipping traffic through the Suez Canal, impacting the economies of Egypt and other nations.
- To effectively address the piracy and conflict in the Red Sea region, it is necessary to put pressure on the Houthis and undertake military operations, possibly involving Arab troops, while emphasizing intelligence operations and avoiding direct US military involvement.
Deep dives
The Effect of the Conflict on the Red Sea and Shipping Traffic
The conflict in the Middle East, particularly in the Red Sea region, has caused a significant impact on shipping traffic. The blockade by the Houthis, supported by Iran, has resulted in a decrease of over 60% in shipping traffic through the Suez Canal, which represents approximately 40% of Egypt's GDP. This has led to the devaluation of the Egyptian currency, affecting the country's ability to subsidize food for its impoverished population.
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