Houthi Attacks Take Toll on Israel’s Red Sea Port

Houthi attacks take toll on Israel’s Red Sea port

The port of Eilat, already diminished, could shut down entirely without government assistance in what would be a win for the Houthis, officials warn.

Unpaid Taxes and Houthi Threats Drive Port of Eilat to Bankruptcy, Forcing Imminent Closure - mfame.guru

Israel’s only southern seaport, the Port of Eilat, is set to cease all commercial operations from July 20, 2025. This critical decision stems from a severe financial crisis exacerbated by the ongoing Red Sea conflict and Houthi attacks, leading to a collapse in revenue and mounting debts. Financial Crisis and Debt Accumulation The Port of Eilat’s operator has faced a protracted financial struggle, culminating in the Eilat Municipality seizing al…

Eilat Port Closes as Collapse: Houthi Shock Victory Comes from Economy - Economic Scenarios

The Houthi attacks are on the verge of success, but it's not the missiles fired at Israel that are bringing them to a complete halt. Israel's only port on the Red Sea, located in Eilat, is on the verge of a complete shutdown following the freezing of its operator's accounts by municipal authorities, citing unpaid taxes and concession fees totaling approximately NIS 10 million (about $3 million). The financial crisis reflects the severe repercuss…