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Industry Minister: Houthi attacks cost $150B

Industry Minister: Houthi attacks cost $150B

The article discusses the severe economic situation in Yemen resulting from Houthi attacks on ports and infrastructure, which threaten Yemen's economy and global supply chains, particularly through the Bab el-Mandeb Strait. The Yemeni official pointed out that economic losses caused by the war and these assaults have exceeded $150 billion and are impacting exports, imports, shipping and insurance costs, thereby increasing the prices of goods for citizens. The Yemeni government emphasized that there are alternative plans to maintain trade movement despite the ongoing conflict, and that supporting reconstruction is linked to halting the unrest. Additionally, active Arab participation is crucial in supporting Yemen's economy and documenting the damage to the ports, especially Mocha Port, which has recently faced operational disruptions.

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