Red Sea Islands Deal Undermines Arab Peace Initiative
The Saudi-led Arab Peace Initiative is losing its value in the wake of Egypt’s decision to return the Red Sea islands of Tiran and Sanafir to Saudi Arabia, and the latter’s participation as a security guarantor of the Egypt-Israel peace treaty.
Last month, the Egyptian parliament, bucking widespread public and institutional opposition, acknowledged Saudi sovereignty over the islands.
Most attention has focused on the dispute over sovereignty, which has been under Egyptian administration for more than half a century. But the real significance of the deal lies elsewhere.