An “Israeli” chemical giant company has incurred significant losses due to the Houthi naval blockade imposed on the occupation entity, as revealed by the Hebrew economic newspaper “The Marker.”

Follow-up – Al-Khabar Al-Yemeni:

The newspaper stated that the “ICL” company’s sales of potash were severely impacted by the prevention of ships from reaching the port of Eilat, from which the company mainly exports, explaining that “the company’s operating profits decreased in the third quarter of this year due to a $13 million increase in maritime shipping expenses in the last quarter, compared to the third quarter of 2023, as a result of the impact of the Houthi blockade.”

The naval blockade forced the Israeli occupation to transport potash to East Asia through a long maritime route circling around Africa, doubling the costs, according to the newspaper, which also noted that the company’s revenues decreased by $96 million in the third quarter of the current year.

The Hebrew newspaper mentioned that “the operating profits of the potash division in the company decreased by 53% in the third quarter” and that “revenues of this division dropped by 26%” due to “decreased sales.” Reports indicate that the port of Eilat, which collapsed due to the blockade imposed by Sanaa forces on ship arrivals, was considered the primary gateway for Israeli potash exports as well as a key entry point for car imports into Israel, both sectors suffering a significant blow following the port closure.