This page is the English version of Almasirah Media Network website and it focuses on delivering all leading News and developments in Yemen, the Middle East and the world. In the eara of misinformation imposed by the main stream media in the Middle East and abroad, Almasirah Media Network strives towards promoting knowledge, principle values and justice, among all societies and cultures in the world
The Congressional Research Service (CRS), a research service under the US Congress, published a report a few days ago addressing the effects of the situation in the Red Sea. It stated that Congress may need to "consider the costs and benefits of adopting legislation that seeks to change shipping routes for imported goods or reallocating resources within the economy towards developing domestic production of imported goods," indicating that Yemeni operations have caused problems in the mechanism of importing goods into the US.
The report added that "these policies may affect the cost of goods and services for American consumers, change the flow of US and global trade, and affect the competitive ability of American companies," referring to the economic sensitivity imposed by Yemeni operations.
The report mentioned that "Congress may also explore options to assist American companies in maintaining their competitive edge," clearly indicating that the continuation of Yemeni operations threatens the competitive ability of these companies.
The report also noted that "the continued increase in shipping costs due to Yemeni operations could increase short-term import price inflation in the US by around 5 percent, according to the Organization for Economic Cooperation and Development."
These economic challenges add to the direct challenges and losses incurred by the US at sea, as the US Secretary of the Navy earlier revealed the depletion of ammunition worth a billion dollars in the face of Yemeni attacks.
Since the onset of Zionist aggression on Gaza, the Yemeni Armed Forces have initiated three stages of escalation against the Zionist entity. It commenced with a ban on maritime navigation for the Zionist entity in the Red Sea, followed by restrictions on ships affiliated with the enemy.
As the Zionist aggression on Gaza persisted, the Armed Forces expanded their operations to include targeting enemy navigation in the Arabian Sea, extending to the Indian Ocean. This action was a response to the aggression of the US-British coalition against Yemen.
The Yemeni Armed Forces have carried out attacks on ships linked to Israel near Yemeni ports. Notably, they intercepted and seized a vessel associated with the Tel Aviv regime on November 19.
These maritime attacks have compelled some of the world's largest shipping and oil companies to suspend transit through one of the most critical maritime trade routes.
Tankers bound for Israel are now taking alternative routes, adding thousands of miles to their journey by circumnavigating the continent of Africa rather than transiting through the Suez Canal.
Last week, the Yemeni Armed Forces announced the initiation of the fourth stage of escalation by broadening the targeting scope to ships associated with the Zionist entity in the Mediterranean Sea.
US ships entered the range of Yemeni fire in response to the aggression launched by the US on Yemen, aimed at protecting Zionist navigation, a goal that Washington failed to achieve, as the scope of targeting ships associated with the Zionist enemy expanded to include ships heading to all ports of occupied Palestine, while American ships were forced to change their course away from the Red Sea due to the failure of US forces to protect them.
#Yemen #US #Israel #Congress About 3 months
This page is the English version of Almasirah Media Network website and it focuses on delivering all leading News and developments in Yemen, the Middle East and the world. In the eara of misinformation imposed by the main stream media in the Middle East and abroad, Almasirah Media Network strives towards promoting knowledge, principle values and justice, among all societies and cultures in the world
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