The Washington Institute for Near East Policy published on 26 January 2024 an analysis titled "Cairo: Stuck between Securing the Red Sea and Avoiding a Perception of Support for Israel" by Mohamed Maher and Mohamed Farid.
Egypt probably has more to lose than any other Red Sea littoral country as a result of international shipping disrupted by Houthi drone and missile attacks. Yet, Egypt is unwilling to join efforts by the United States, United Kingdom, and others to take counter measures to stop the attacks. The authors suggest the primary reason is concern that any public Egyptian participation in international naval efforts to secure the shipping lane would be seen as indirect support for Israel in its military operations in Gaza.