The gulf is one of two gulfs created by the Sinai Peninsula 's bifurcation of the northern Red Sea , the Gulf of Suez lying to the west of the peninsula and the Gulf of Aqaba to its east . Geologically , the gulf forms the southern end of the Dead Sea Transform . It contains three small pull-apart basins , the Elat Deep , Aragonese Deep and Dakar Deep , formed between four left lateral strike-slip fault segments . Movement on one of these faults caused the 1995 Gulf of Aqaba earthquake
1995 Gulf of Aqaba earthquake
1995 Gulf of Aqaba earthquake
Gulf of Aqaba