Galala city, Egypt, the southern exit to the Suez Canal. Credit: Unsplash/M abnodey
By Maximilian Malawista
UNITED NATIONS, Aug 3 2026 (IPS)
As the United States and Iran continue to escalate with military strikes across both fronts, the conflict took a new turn with Saudi Arabia becoming militarily involved on July 29, following coordinated airstrikes with U.S. Central Command according to the Saudi Ministry of Defence.
These strikes were carried out under what the Kingdom says was its right to self-defense, recognized under Article 51 of the Charter of the United Nations, with the Saudi armed forces coordinating with U.S. Central Command to target Iranian-backed proxies operating from Iraqi territory, after interception of several UAVs which were attempting to target oil facilities in Eastern and Riyadh regions. The Kingdom reiterated that it does not seek escalation but will respond decisively to any aggression directed against it, according to the Saudi Press Agency (SPA).
On Saturday, August 1, U.S. President Donald Trump announced on his platform, Truth Social, that Iran and other Middle Eastern Countries have asked the U.S. to “hold off any attack in that the perimeters of a deal has been agreed to.” Trump added that “This would include the Immediate, Complete, and Total OPENING OF THE HORMUZ STRAIT, and an end to Iran’s nuclear threat.” Following this, the U.S. has canceled a planned attack on Iran, but Tehran still has not claimed that these talks are ongoing, let alone any measure of mediation. The cancellation of the planned attack, however, does not mean U.S. military operations have ceased.
On Sunday, August 2, The Saudi Press Agency reported that HRH Crown Prince Mohammad bin Salman spoke by phone with U.S. President Trump and “stressed the need to prioritize dialogue to reduce escalation and the importance of making every possible effort to achieve calm that paves the way for diplomatic solutions” in order to preserve both regional and international security. Prior to these latest updates, Washington has maintained that the U.S. and Iran were already engaged in what was described as “very friendly negotiations” following a pause in military strikes. However, Tehran had publicly denied holding direct talks with Washington. According to Axios, Oman is leading the mediation effort, with Qatar, Pakistan and Egypt involved alongside Washington envoys.
Last week on July 30, Saudi Arabia announced a multinational Red Sea maritime defense alliance, seeking the support of over 50 countries and organizations. Thirteen countries other than Saudi Arabia have already signed on, including Türkiye, Pakistan, Egypt, Qatar, Kuwait, Bahrain, Nigeria, Jordan, Bangladesh, Yemen, Djibouti and Somalia. Other participating countries have also expressed support and are in the process of completing their internal procedures and approvals to join the declaration.
The declaration remains open to other interested parties. The Gulf states of the United Arab Emirates and Oman have not yet signed, despite having similar security objectives. Representatives from 43 of the 51 countries and organizations invited to join the alliance attended a meeting on Thursday in Riyadh, the headquarters of the operation.
The initiative effectively places Saudi Arabia at the center of multinational maritime security in the Red Sea at a time when U.S. naval resources are increasingly divided between deterring Iran in the Gulf and protecting commercial shipping.
The Saudi Defence Ministry noted that the EU already has a naval protection mission in the Red Sea, with a delegation from the European Union being present at the meeting. Saudi Defence Minister Prince Khalid bin Salman also held a meeting with President Trump and Vice President JD Vance on Wednesday, however he reportedly told Washington that the Kingdom was opposed to further escalation of the wider U.S.-Israel war, and its objective is to “defend itself”.
The Kingdom reportedly told Washington that it can manage the situation with the Houthis in Yemen itself, and does not need the U.S. to get involved.
Why is the Red Sea so crucial?
The Red Sea forms part of the maritime corridor leading to the Suez Canal, through which around 15 percent of global maritime trade moves. When security in the Strait cannot be guaranteed, shipping carriers are rerouted around the Cape of Good Hope to avoid sailing through an active military zone, where cargo is at risk and war-risk insurance premiums can increase significantly.
Beginning in 2023, Houthi attacks on commercial vessels similarly targeted carriers in the Red Sea, which reduced container tonnage moving through the Suez Canal by 82 percent, and increased booking a voyage on short notice from Shanghai to Europe by 256 percent.
The Houthis demonstrated in that conflict that they did not need to strike every ship in order to create an incentive to avoid the Strait. However, when carriers chose to avoid the Strait, major consequences arose, significantly increasing the cost of every ton of cargo.
Rerouting around the Cape of Good Hope can add roughly 3,000 to 3,500 nautical miles, approximately seven to 10 days in additional sailing time, for a Europe to Singapore voyage. For some routes, consequences are substantially greater. A tanker carrying Saudi crude from Yanbu to Taiwan that avoids the Bab el-Mandeb Strait could extend the voyage from 19 to 48 days, adding roughly USD 2.5 million in cost, according to a Reuters analysis based on Kpler and LSEG data.
All of this is compounded by the severe disruption of the Strait of Hormuz, where on Aug 2, only 19 ships transited in 24 hours, representing only 31 percent of pre-conflict traffic, which has limited deadweight tonnage throughput (DWT) to 3.2 million of the 10.3 million pre-conflict average. However, this is an increase from Friday, August 1, where only 10 transits were recorded in 24 hours, marking only 11.4 percent of transits and 1.2 million DWT compared to pre-conflict levels.
Before the conflict, 25 percent of global seaborne oil trade moved through the Strait, alongside 29 percent of global liquefied natural gas trade, 38 percent of liquefied petroleum gas trade, 19 percent of crude oil trade, 19 percent of refined petroleum products trade, and 13 percent of chemical trade. Together, severe disruption of the Strait of Hormuz and Bab el-Mandeb would simultaneously constrain Gulf energy exports and render the shortest maritime route connecting Asia and Europe increasingly untenable for commercial shipping.
IPS UN Bureau Report
Saudi Arabia Forms Multinational Red Sea Defence Alliance as U.S.-Iran War Threatens Global Shipping
Aggregated summary from an independent source. Read the original at IPSnews.