US Imposes Sanctions on Houthi Rebels' Funding Network Amid Red Sea Shipping Attacks
TL;DR Summary
The United States has imposed sanctions on 13 individuals and entities for allegedly funneling tens of millions of dollars to Yemen's Houthi group from the sale and shipment of Iranian commodities. The U.S. Treasury stated that the Islamic Revolutionary Guard Corps backed the scheme, which involved a complex network of exchange houses and firms in multiple countries. The funds provided by Iran have enabled recent attacks by the Houthis on commercial shipping in the Red Sea, endangering international trade. The sanctions freeze assets and prohibit transactions with the targeted individuals and entities.
Topics:world#houthi-group#international-relations#iran#maritime-security#red-sea-shipping-attacks#us-sanctions
- US Imposes Sanctions Over Red Sea Shipping Attacks gCaptain
- US sanctions money lending network to Yemen's Houthi rebels, looks to boost maritime protections The Associated Press
- US targets Houthi funding network following attacks on commercial ships Al Jazeera English
- US sanctions network financing Houthis amid uptick in group's attacks since Oct. 7 The Times of Israel
- US Sanctions Money Lending Network to Houthi Rebels in Yemen Voice of America - VOA News
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