War on multiple Israeli fronts threatens Israeli 'food security'
Israeli media reported that the threat imposed by the Yemeni Resistance at the entrance of the Red Sea further threatens Israeli food security amid the ongoing war on two significant fronts: the Gaza Strip and Lebanon.
Israeli media revealed on Monday that the capturing of the Israeli-owned ship Galaxy Leader, by the Yemenis, could lead to the cancellation of naval shipping routes to "Israel".
According to Israeli media, the cancellation of shipping routes, and the increase in sea shipping rates, will automatically lead to "wide-ranging economic consequences for Israel."
Among the consequences will be the increased prices of products imported by sea, and as explained by Israel Hayom, such a trend is expected to threaten Israeli food security. It is worth noting that "Israel" imports multiple products through naval shipping routes, extending "from cars from the East to cattle from Australia."
In turn, Nir Goldstein, the CEO of the GFI Israel research institute, even explained that "over 70%" of Israeli food imports are transported through naval routes leading to ships docking in "the ports of Eilat, Ashdod and Haifa." Significantly, these ports, Goldstein confirmed, are "threatened" by the Resistance Axis, which extends from Palestine to Yemen going through Lebanon, Syria and Iraq.
Read more: Yemen holds information on all Israeli vessels in Red Sea: Minister
Moreover, Yemen has now threatened the entrance to the Red Sea, which will affect all Australian imports which make up about 15% of the Israeli meat veal imports.
In addition to the naval route's so-called crisis, Goldstein said that "the combination of the fighting in Otaf [Gaza Strip] and Lebanon (where most of the chickens are raised), the lack of working hands, and the damage to sea imports will lead to an increase in the prices."
Israeli ship seized by Yemen in Red Sea raises fear of shipping chaos
The vessel seized by Yemen in the Red Sea, the Galaxy Leader, is now escalating concerns that shipping disruptions and chaos may arise in the region.
The seized ship, the Galaxy Leader, is linked to a British company, according to media reports, which is partially owned by the Israeli businessman Abraham Ungar, commonly known as "Rami", and chartered by Japanese firm Nippon Yusen.
Here's everything you need to know about Abraham "Rami" Ulgar, the Israeli businessman who partially owns the company running the #GalaxyLeader that was seized by the #Yemeni Armed Forces today in the #RedSea.#Palestine pic.twitter.com/lFOa2FJaeC
— Al Mayadeen English (@MayadeenEnglish) November 19, 2023
According to Tokyo-based Nippon Yusen KK, the Galaxy Leader was a car carrier and the firm is currently unaware of its whereabouts. It has a crew of 25 and is allegedly carrying no cargo.
This comes after the official spokesperson for the Yemeni Armed Forces, Brigadier General Yahya Saree, announced on Sunday that the Yemeni Naval Forces carried out a military operation in the Red Sea, resulting in the seizure of the ship.
Read more: Ship seized by Yemen exposed vulnerabilities in Israeli economy