Houthi Attacks Destroy Israel's Ambition Of Being Big Energy Exporter? 85% Drop At Red Sea Port

International maritime traffic has been impacted by Houthi attacks on commercial ships in the Red Sea. The sole red sea port in Israel, located in Eilat, has been severely impacted by the blockade. Israel reported an 85% reduction in imports and exports from the Eilat port as of mid-December. The Eilat Port in the Red Sea is also a major component of Israel's electronic vehicle sector. Up to 70% of Israel's electric vehicle sales come from imports of vehicles made in China. Chinese state-owned carrier Cosco recently halted shipments to Israel, dealing a serious blow. Watch this video to know more. #israeleconomy #redseablockade #houthis #israel #benjaminnetanyahu #israelgazawar #israelhamaswar #hamas #houthirebels #yemen #iranproxy #redseaport #redseacrisis #imports #exports #eilatport #globaleconomy #shipping #commercialshippinglanes #southafrica #maritimetrade Hindustan Times Videos brings all the News for the Global Indian under one umbrella. We break down news from across the globe from the unique lens of a Rising India. Tune in for Explainers, Opinions, Analysis and a 360 degree view of big events in India and the World which impact your present and future. Follow the Hindustan Times Channel on WhatsApp for News Alerts, Top Stories and Editor picks. Join Us Today - https://www.bit.ly/3PQ4kSv Subscribe to the Hindustan Times YT channel and press the bell icon to get notified when we go live. Visit our website https://www.hindustantimes.com/ Follow us on Twitter https://twitter.com/htTweets Follow us on Facebook https://www.facebook.com/hindustantimes