Ankara: Egypt announced an improvement in maritime security in the Red Sea, urging foreign governments and shipping companies to redirect vessels back to the Suez Canal. This development was highlighted by Prime Minister Mostafa Madbouly during a ceremony attended by foreign ambassadors.

According to Anadolu Agency, Prime Minister Madbouly emphasized the significance of the Suez Canal as a crucial global shipping route and a source of national pride. He assured that attacks on ships in the Red Sea have ceased since December 2024. Madbouly urged the foreign ambassadors present to relay this message to their respective countries and encourage the resumption of cargo shipments through the canal.

The Suez Canal, a vital source of foreign currency for Egypt, has experienced a sharp decline in revenues due to the Gaza conflict and attacks by Yemen's Houthi group on commercial vessels in the Red Sea. In 2024, canal revenues fell by over 60% compared to the previous year, leading to an estimated loss of $7 billion.

The United States initiated an extensive aerial campaign last month targeting Houthi positions in Yemen, responding to the group's attacks on Israeli-linked ships in the region. These attacks, involving missiles and drones, have disrupted global trade since late 2023 as a gesture of solidarity with Gaza.

The Houthi group temporarily halted their assaults following a ceasefire agreement in January between Israel and Hamas. However, they resumed their attacks after Israel renewed airstrikes on Gaza, breaking the ceasefire.