I hope we keep politics out of this discussion. I can name a dozen mistakes that both sides of the isle made in this part of the world.
I do think a multi-national military action is warranted. The problem is its relative priority. Spending that money and spilling that blood will never seem worthwhile to ensure the safe passage of wealth world traveling yacht owners. It will only be done if the balance of trade, particularly oil, is threatened sufficiently. Like it or not, oil and trade will directly impact the quality and security of life throughout the globe. That's the trigger.
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In the harsh marine environment, something is always in need of repair. Margaritas fix everything.