The economic impacts of Yemeni operations on the Zionist enemy, the United States, and the United Kingdom continue to escalate without interruption, along with the increasing and widening scope of naval strikes.
Shipping prices from the East to these three destinations have continued to rise, reaching unprecedented levels since the COVID-19 pandemic, exacerbating the losses of companies and commercial sectors there.
According to the latest weekly update of the global Drewry container index, shipping prices from China to the US saw a new increase last week. The cost of shipping a 40-foot container from Shanghai to New York rose by 4 percent, an increase of $229, reaching $9,387 per container.
This increase follows a previous weekly rise of 17 percent in shipping prices to New York.
According to the data, shipping prices from Shanghai to Los Angeles in the US also increased by 1 percent last week, reaching $7,512 per container. This new rise follows a 12 percent increase observed the previous week.
According to the Drewry index, shipping prices are expected to remain high in the upcoming period.
The continuous weekly increases in shipping prices highlight the inability of the US and its partners to contain the effects of Yemeni naval operations, as well as their clear and significant failure to reduce or stop these operations.
The increase in shipping prices and significant delays in shipments directly impact commodity prices and production processes, contributing to inflationary pressures.
The direct impacts on large companies in the UK have become evident. Recently, the giant conglomerate BP Plc, which includes several major British companies, announced that its sales have been affected due to what it described as “disruptions in the Red Sea,” referring to Yemeni naval operations targeting British vessels.
The group further added that “shipments have been forced to travel differently to Europe due to the attacks by the Houthis in the region this year.”
It said that “the delay led to a decrease in sales by 4.3 percent in the quarter ending June 30.”
Over the past months, many major British companies have announced similar impacts, indicating that the repercussions of Yemeni operations on the British economy are continuously spreading and expanding, despite official attempts to downplay them.
The situation is no different for the Zionist enemy, as an official from Hapoalim Bank revealed that shipping prices from the East to the entity of occupation have increased by 300 percent since the beginning of last May.
Additionally, several reports have quoted the CEO of the occupied port of Umm al-Rashrash (Eilat) confirming that the port has reached a “bankruptcy state” due to its activity ceasing since November. This follows the successful efforts of the Yemeni Armed Forces to completely halt the passage of ships heading to the enemy entity through the Red Sea.
Last week, the Hebrew newspaper Maariv confirmed that Yemeni operations “inflicted significant losses on the Israeli economy, most notably the cessation of activity at the Eilat port, which is facing a serious crisis due to the attacks and revenue decline.”
It indicated that the income decline from the Eilat port has led to a reduction in trade between Israel and the world, especially since the port served as a gateway for exporting many goods.
All this information confirms that the Yemeni front supporting Gaza has managed to create an ongoing impact on the economies of the Zionist entity, the US, and the UK for a prolonged period. This implies the inevitability of escalating this impact as long as the aggression on Gaza continues, whether through cumulative effects or through the expansion of Yemeni operations in the coming stages.
Supporting Palestinians facing a nine-month-long war by Israel, Yemeni Armed Forces imposed a ban on Israeli navigation via the Red Sea, later expanding it to the Gulf of Aden, the Arabian Sea, the Indian Ocean, and the Mediterranean Sea.
Yemeni forces also target the Eilat area in southern occupied Palestine with ballistic and cruise missiles and drone swarms.
The Yemeni Armed Forces state their operations will continue until the aggression and war stop and the siege on Palestinians in Gaza is lifted.
