The military said in a statement that it attacked what it called Houthi terrorist targets in Hodeidah and its vicinity.
The Houthis shut down the area around the port and cement factory following the strikes, three sources said.
Two other sources estimated the damage at 70% of the port's five docks, warehouses and customs area. The strikes occurred as two ships were unloading their cargo, with traffic at the port at a complete standstill, a worker at the port said.
More than 10 strikes targeted Hodeidah Port and the Al Salakhanah and Al Hawak neighbourhoods in the city of Hodeidah, five residents told Reuters. Four strikes also targeted a cement factory east of Hodeidah.
Israeli Prime Minister Benjamin Netanyahu vowed to retaliate for Sunday's missile attack, which was the first known to have escaped interception by Israel's air defences in a series of attacks since March.
The Yemeni group resumed its attacks on Israel and shipping lanes following a brief suspension after the ceasefire between Hamas and Israel in Gaza ended.
A U.S. official speaking on condition of anonymity said that U.S. forces were not actively involved in Monday's strikes, but there is general coordination between the two allies, the official said.
The company, in a statement, attributed the decision to U.S. strikes on the country, including the port.
Earlier on Monday, Israel approved a plan that may include seizing the Gaza Strip and controlling aid to the Palestinian enclave.
The war in Gaza started after Hamas-led attacks on southern Israel on October 7, 2023, in which 1,200 people were killed and 251 taken hostage, according to Israeli tallies. Israel's offensive on Gaza has killed more than 52,000 Palestinians, Gaza health officials have said, and destroyed much of the enclave.
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