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Kalass warns of economic fallout from Bab al-Mandab closure
The report focused on warnings from Kaya Calas, an EU Foreign Policy official, regarding the increasing control of the Houthis over the Yemeni coast and the potential closure of the Bab el-Mandeb Strait, a vital waterway connecting the Red Sea to the Indian Ocean. It emphasized that these developments threaten global maritime and economic security and called for a strengthening of EU naval operations, particularly Operation "Aspides," to protect freedom of navigation in the region. The report also highlighted the escalation of tensions in the area and their impact on fuel and energy prices in Europe, noting that the cost of importing fossil fuels has exceeded 90 billion euros since the start of the crisis in the Strait of Hormuz, leading to higher living costs. Additionally, the EU's efforts to diversify energy sources and reduce reliance on fossil fuels in response to regional security threats were reviewed.
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