The Houthi-led government in Yemen announced that it had forced an Israel-bound ship to turn back as it was sailing through the Red Sea in violation of the warnings issued on Saturday
Due to these attacks, many Israeli commercial ships have been forced to change their routes with Israel’s Eilat port recording around 85% loss in its business according to the media reports. The Houthi-led government in Yemen has also fired missiles and drones targeting Eilat.
Above cites almayadeen which cites israeli channel 13, which is an internet dead end.
Wiki says its not a major port compared to the Mediterranean ports. It doesnt even have a rail line...
Thats assuming Yemen is capable of stopping all israeli traffic through the red sea. Best they can do is make it risky, which is effective, but not total. Pretty sure the US has bases in Djbouti for this exact reason.
Zim (NYSE: ZIM), whose stock hit a new all-time low Monday, is the most visible of the Israeli shipping companies and the most closely connected with the government. The government of Israel has a “golden share” or “special state share” in the company that ensures the government’s access to Zim’s fleet “in a time of emergency or for national security purposes.”