Under the influence of the Houthis, the port of Eilat declared bankruptcy
On the Red Sea coast, the port of Eilat, Israel's economic gateway, is facing an unprecedented crisis. The ongoing threat of Houthi attacks has brought the port to the brink of declaring bankruptcy. "The port infrastructure has been idle for eight months, cargo turnover has dropped by almost 90 percent, more than 280 employees have been laid off, and the port has been completely closed." The words of the chief executive of the port of Eilat could not have been more blunt.
