Two weeks ago, the United States and the United Kingdom launched airstrikes against Houthi targets in Yemen in response to the group’s continued attacks on commercial shipping in the Red Sea. While the intervention degraded some of the Houthis’ military capabilities, the airstrikes were insufficient to sustainably secure the Red Sea and encourage a return of international shipping. Together, they discuss the crisis in the Red Sea and its escalation potential. How have countries on the Red Sea reacted to the crisis? What makes the Red Sea such a geopolitical tinderbox, and what should Europe’s role be?