Yemen’s Houthi rebels will keep up their attacks on Israel, their leader said two days into a ceasefire in Israel’s war with Hezbollah in Lebanon.
The Houthis have also waged a campaign against shipping in the Red Sea and Gulf of Aden during the Gaza war, severely disrupting the vital trade route. Egyptian President Abdel Fattah al-Sisi has pointed out in recent months that Suez Canal revenues have declined by 40 and 50 percent since the attacks by the Houthis started in the Red Sea.
The Egyptian President stated that “the revenues of shipping corridor traffic, which used to generate approximately $10 billion annually, have declined by 40 to 50 percent” since the beginning of the year, noting that the Egyptian economy had been adversely affected before that by the COVID-19 crisis and then by the Russian-Ukrainian conflict, and “now by what is happening on our various borders with Libya, Sudan and the Gaza Strip.”
To remind, back in February Houthis had declared that they will stop attacks on international shipping in the Red Sea only when Israel ceases aggression in the Gaza Strip.
Furthermore, recently the Association of German Shipowners (VDR) and several German shipping companies announced that they have been receiving threatening emails from the Yemeni Houthi rebels.
