Editing Economy of Israel (section)

===Red Sea crisis===
The [[Red Sea crisis]] caused by the Houthi attacks has severely affected the Israeli economy, disrupting shipping routes, increasing costs, and causing job losses. The port of Eilat, Israel's southern gateway, has suffered almost shut down and bankruptcy, leading to requests for government support.<ref name="18July">{{cite web |first=Yusri |last=Mohammed |date=18 July 2024 |title=Suez Canal revenue drops as some shippers shun Red Sea |url=https://www.reuters.com/business/autos-transportation/suez-canal-revenue-drops-some-shippers-shun-red-sea-2024-07-18/ |access-date=18 July 2024 |website=www.reuters.com |publisher=Reuters}}</ref> Half of the port's workers were at risk of losing their jobs.<ref>{{Cite web |last=Agencies |date=20 March 2024 |title=Eilat Port to lay off half its staff due to Houthi attacks stymieing shipping trade |url=https://www.timesofisrael.com/eilat-port-to-lay-off-half-its-staff-due-to-houthi-attacks-stymieing-shipping-trade/ |website=The Times of Israel |access-date=20 March 2024 |archive-date=20 March 2024 |archive-url=https://web.archive.org/web/20240320151427/https://www.timesofisrael.com/eilat-port-to-lay-off-half-its-staff-due-to-houthi-attacks-stymieing-shipping-trade/ |url-status=live }}</ref> Many ships are avoiding the Red Sea and rerouting around Africa, which makes the journey three weeks longer and more expensive.<ref>{{cite web|url=https://www.axios.com/2023/12/14/us-warns-yemens-houthis-stop-red-sea-attacks|title=U.S. warns Houthis to stop attacks in Red Sea|last=Ravid|first=Barak|date=15 December 2023|website=[[Axios (website)|Axios]]|access-date=15 December 2023|archive-date=15 December 2023|archive-url=https://web.archive.org/web/20231215104039/https://www.axios.com/2023/12/14/us-warns-yemens-houthis-stop-red-sea-attacks|url-status=live}}</ref> Insurance costs for ships in the Red Sea surged, with some Israeli ships seeing a  250% increase or being denied coverage altogether.<ref>{{cite web|url=https://www.timesofisrael.com/how-are-houthi-seizures-in-the-vital-red-sea-shipping-lane-impacting-global-trade/|title=How are Houthi seizures in the vital Red Sea shipping lane impacting global trade?|last1=Bonell|first1=Courtney|last2=McHugh|first2=David|date=14 December 2023|website=[[The Times of Israel]]|access-date=15 December 2023|archive-date=14 December 2023|archive-url=https://web.archive.org/web/20231214172124/https://www.timesofisrael.com/how-are-houthi-seizures-in-the-vital-red-sea-shipping-lane-impacting-global-trade/|url-status=live}}</ref>