Egypt and Pakistan involvement is a MAJOR development.
The Bab el-Mandeb Strait is a chokepoint between the Horn of Africa and the Middle East, and it is a strategic link between the Mediterranean Sea and the Indian Ocean. The strait is located between Yemen, Djibouti, and Eritrea, and connects the Red Sea with the Gulf of Aden and the Arabian Sea. Most exports from the Persian Gulf that transit the Suez Canal and SUMED Pipeline also pass through Bab el-Mandeb.
An estimated 3.8 million bbl/d of crude oil and refined petroleum products flowed through this waterway in 2013 toward Europe, the United States, and Asia.
http://www.eia.gov/countries/regions-topics.cfm?fips=wotc&trk=p3
When the first Saudi oil tanker is targeted the oil price will increase. This is good news for Russia, and the instigator Putin.