• The US Fails To Deter The Houthis In The Red Sea | Sheldon Kirshner | The Blogs

    Due to Houthi aggression and the United States’ failure to deter the Houthis, Eilat’s commercial shipping traffic has dropped by 85 percent in the last few months, forcing authorities to sack half of its 120 port workers.

    Eilat, Israel’s gateway to Asia, is an important port, handling car imports and potash exports. Presumably, the slack will be taken up by the ports of Haifa and Ashdod.

    Egypt, too, has been adversely affected by the crisis in the Red Sea, with revenues from Suez Canal transit fees having sharply plummeted. This financial hit partially explains why Egypt has been in the forefront of promoting a ceasefire to end the Gaza war.