The Israeli transit company ZIM has said that the transit cost of navigating each container to the occupied territories has surged from about $100 to $400, the Israel Hayom reported.
Globes, a Hebrew-language daily financial newspaper, reported that since the beginning of this year, Israeli shipping companies have lost approximately 23% of their market value.
The problem is only getting worse for the Israeli regime as major shipping companies have stopped operating in the Red Sea due to a series of attacks on ships bound to the Israeli ports.
The United States has announced the formation of an international maritime task force to protect shipping in the Red Sea.
A Yemeni official said on Tuesday that the US-led coalition will not change the Yemeni military operations in support of the Palestinian people in Gaza.
The spokesman for Yemen's Ansarullah resistance movement said that French, British, and American warplanes are now targeting Yemeni reconnaissance planes in the region, adding that their actions will not hinder “our operations in the Red Sea".
“We appreciate the companies that have announced the suspension of shipping to Israeli ports. We only target ships heading for Israel,” he added.
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