Houthi Attacks Trigger Unpaid-Debt Shutdown of Israel’s Eilat Port

Israel’s only Red Sea port at Eilat is on the verge of a full commercial halt as municipal authorities freeze the operator’s accounts, citing unpaid taxes and concession fees totaling around NIS 10 million (~$3 million). The financial crisis reflects the sharp fallout from nearly 20 months of Houthi missile and drone attacks in the Red Sea, which have slashed port revenues by over 90%, according to the Times of Israel. The closure, which is set to begin on July 20, has been confirmed by both Israel’s Ports Authority and National…