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How Houthi attacks on ships in the Red Sea threaten Israel’s economy

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In just a few months, Yemen’s Houthis have taken an outsize bite out of global shipping — and have begun to threaten the economy of their stated target, Israel.

While Israel, which relies on the Mediterranean more heavily than the Red Sea, has proved resilient, experts warn that the attacks already pose a threat to Israel’s economy and could come to take a greater toll if they persist in the face of U.S.-led airstrikes.

The Port of Eilat, Israel’s toehold on the Red Sea, has seen an 85 percent drop in shipping activity, its chief executive told Reuters last month. Without a reversal, “unfortunately we will likely have to furlough workers,” he told the Jeruslaem Post.

Houthi attacks are starting to reshape shipping flows

Launching missiles at commercial ships in the Red Sea, a choke point on one of the world’s key…

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