Israel is grappling with a worsening economic and maritime crisis, the financial daily Calcalist reported.
According to the paper, the situation has intensified as the port of Eilat on the Red Sea nears paralysis under sustained threats and missile strikes from Yemen’s Houthi movement.
The report said Israeli officials are seeking support from the United States and Egypt in an effort to break what they describe as a blockade and mounting restrictions.
In a separate warning, economist Roni Alferon told Maariv that Israel’s economy is facing a steep decline. He noted that nearly $300 billion has been spent on the Gaza war over the past two years, leaving Israel’s budget with a severe deficit.
