By late June 2024 the [[US Navy]] reported it spent about $1 billion on munitions used in defending the Red Sea.<ref>https://www.lewrockwell.com/2024/06/ron-paul/we-spent-a-billion-dollars-fighting-the-houthisand-lost/</ref> The flow of container ships through the Red Sea decreased by 67%, and tanker traffic decreased by 50%. Not a single cargo ship headed for Israel reached Eilat, the main seaport on the Red Sea. There were 77 attempts to sail cargo ships in this direction, and the Houthis blocked them all. After varying degrees of damage, the vessels were forced to turn around and leave for safer ports outside the Red Sea for repairs.<ref>https://askeptic.substack.com/p/war-reports-2024-06-23</ref> | By late June 2024 the [[US Navy]] reported it spent about $1 billion on munitions used in defending the Red Sea.<ref>https://www.lewrockwell.com/2024/06/ron-paul/we-spent-a-billion-dollars-fighting-the-houthisand-lost/</ref> The flow of container ships through the Red Sea decreased by 67%, and tanker traffic decreased by 50%. Not a single cargo ship headed for Israel reached Eilat, the main seaport on the Red Sea. There were 77 attempts to sail cargo ships in this direction, and the Houthis blocked them all. After varying degrees of damage, the vessels were forced to turn around and leave for safer ports outside the Red Sea for repairs.<ref>https://askeptic.substack.com/p/war-reports-2024-06-23</ref> |