Houthi attacks on cargo ships in the Red Sea have little effect on trade with Israel according to a Finance Ministry report.
The alternative shipping route around South Africa's Cape of Good Hope can add 10-14 days to a journey compared to passage via the Red Sea and Suez Canal.
Approximately three weeks prior, the Turkish government had removed Israel from its list of export destination countries effectively withdrawing support for businesses engaged in trade with Israel.
Finkelstein Metals, employing around 60 individuals from diverse religious backgrounds in northern Israel, is critical to the nation's industrial infrastructure.
Reuters has tracked at least 22 other oil tankers to have diverted or paused since last Friday's warning from the US-led Combined Maritime Forces (CMF) in Bahrain.
Israel's war with Hamas in Gaza has far-reaching implications beyond our region, reshaping the balance of power on the world stage, and impacting the future.
Convoys of ships coming from the south were being diverted along the original branch of the canal, the canal authority said.
Ashdod port has imposed restrictions on the transport of hazardous materials which has meant slower transits.
Researchers believe that the discovery of reindeer antlers as a source for hair combs connected different regions through trade efforts.
Israel Katz has been trying to propose an economic corridor connecting Europe, the Middle East, India, and Israel for years. Now, thanks to US President Joe Biden, it actually has a chance.