Yemen's Economic Impact from Saudi Actions

So far, the Yemeni embargo decision is still in its early stages.

First, it is in its early stages, and it also currently falls under the framework of Yemeni pressure

legitimate pressure on Saudi Arabia to fulfill the entitlements of our Yemeni people

and its obligations towards the peace process.

Meaning, up to this moment, despite the significant damage,

there is a state of confusion

very significant in Saudi ports, and you mentioned a short while ago that the traffic has indeed been transferred.

maritime traffic that was

in the Eastern Province to the ports located on the Red Sea,

especially considering that these ports have turned into safe ports with the intensification of

confrontations between the United States, the American enemy,

and also against Iran. If the Strait of Hormuz is closed, there would be no choice but to

head towards the ports located on the Red Sea, and thus

large quantities of oil were transferred via Yanbu in the west, as well as petrochemical exports,

and also exporting goods and products in very large and commercial quantities through the ports of Jeddah.

Meaning that these two ports, Yanbu and Jeddah Port now,

and this port has actually come under Yemeni blockade, they are the lifeblood of the economy

of Saudi Arabia currently, especially in light of the tightening blockade on the Strait of Hormuz.

Even if there were no closure of the Strait of Hormuz, the impact would still be significant on the economy

of Saudi Arabia, and the Yemeni decision would have a major impact. Yesterday, satellite images showed

that shipping traffic at Jeddah Port has decreased significantly,

and even the movement of ships has also declined very sharply. There is a high rate

of compliance by international shipping companies that complied with the decision of the Armed Forces

of Yemen and its warning, which is strong and positive, especially since global companies today

realize that when the Yemenis issue a warning, they follow up that warning

with a direct targeting operation. Therefore, they began to avoid passing through, as well as to

Saudi ports.

And insurance premium rates began to rise through insurance companies, and insurance companies might declare or

refuse to insure ships heading to Saudi ports.

especially since it has become a stage of full realization and full certainty that the issue is not a matter of

an increase, meaning, in the risk rate of sailing to these ports.

Rather, sailing to these ports has become deadly also

for those ships and those companies, and perhaps the opposite, in the event that any ship belonging to any

international shipping company, like Maersk and others, heads to the ports and attempts to break the Yemeni blockade,

it may suffer damage from the Yemeni Armed Forces, of course, within the framework of raising the ceiling of escalation,

that the entire fleet belonging to this shipping company would also be subjected to

sanctions banning passage through Bab al-Mandab.

Therefore, it will incur very large losses.

The world has begun to look at the Yemeni decision through the lens of responsibility, that

the Yemenis, if they warn, they carry out their warning, while Saudi Arabia is trying to

It exports its aggression to us and says, "We are not besieging you, we did not kill you, and we did not destroy..."

your port, meaning the Port of Al-Hudaydah.

and targeting the cranes in September 2015. Do you not remember it? Until this moment, there were

criminal operations with more than 12... uh, meaning...

raids targeting the port, targeting the port's docks, targeting the main cranes, up to...

now, meaning leading to the disruption of handling operations due to...

75 percent. Until now, they have not, not, not...

repaired these cranes. I mean, does the Saudi not remember? This is added to what, what happened...

of the crimes of burning ten Yemeni airplanes, and he comes after 15 years...

expecting the Yemeni memory to be full of holes, expecting that these heinous crimes will now be dropped...

by statute of limitations. Imagine the extent of Saudi naivety! Therefore, today there is no escape...

for the Saudi but to implement, even at the level of, I mean, the compensation bill...

regarding the direct and indirect losses of our Yemeni people, which must be imposed on...

Saudi Arabia must pay every single dollar lost by Yemen, including the opportunity cost which reached

more than 145 billion dollars. For 12 years,

development has completely stopped due to the Saudi aggression and blockade, not to mention the targeting of all

economic, service, and other infrastructure.

We are here, where five to ten patients die daily who are in desperate need of traveling

abroad to save their lives in foreign hospitals, whether in Egypt or

Jordan or India. These people are dying because of the destruction of the

health infrastructure and the breakdowns that also affected the health infrastructure in the country.

Because everything deteriorated due to the blockade and the aggression.

It was a direct aggression targeting all infrastructure.

And now Saudi Arabia comes after 12 years and says, 'You are besieging us, and we condemn your

blockade or the ban imposed on ships arriving at Saudi ports.'

It is as if he did not commit any crime against the Yemenis.

As if he was helping the Yemenis die. Just like that.

As if he is telling the world, 'We were helping them die a slow death'

through the blockade, and a fast death through the aggression against this people. The Yemeni and American people.

besieged and oppressed for 12 years, and three… Pakistan and other countries that say no.