Fox News: How the Houthis built a multibillion-dollar network despite US sanctions
The Iran-backed group is raising more than $2 billion a year from customs, fuel and oil sales, researchers and Treasury officials said.
- The Trump administration confronts a complex financial challenge as Houthis expand control along Yemen's Red Sea coast, including the port of Mocha, while pushing toward the critical Bab el-Mandeb Strait trade route.
- Customs and taxes at Hodeidah and Ras Isa ports provide the group's primary leverage, allowing them to sustain operations without relying solely on external funding from Tehran.
- Blockchain analysis identified nearly $900 million passing through addresses linked to the network, which utilizes crypto exchanges and facilitators in Russia, Turkey, and Southeast Asia.
- Nadwa Al-Dawsari of the Middle East Institute told Congress the group is "deepening ties with other U.S. adversaries, particularly Russia and China," while experts describe them as "sanctions-adapted."
- Viewing the situation as simple Iranian funding is a "misunderstanding," Adam Rousselle of Between the Lines Research warned, noting the group operates a sophisticated, well-capitalized system.
7 Articles
7 Articles
Iran-backed Houthis build multibillion-dollar network despite US sanctions
According to a report from Fox News, the Houthis’ drive toward the Bab el-Mandeb Strait is forcing Washington to confront not only a military problem but a financial one: a multibillion-dollar network that has kept the Iran-backed group armed and expanding despite years of U.S. sanctions. The group has taken new ground along Yemen’s Red […]
democraticaccent.com
Iran’s proxy money machine: How the Houthis built a multibillion-dollar network despite US sanctions
The Houthis’ rapid advance toward one of the world’s most important shipping chokepoints is putting fresh scrutiny on the sprawling financial network that has helped transform the Iran-backed group from a Yemeni insurgency into a heavily armed regional power capable of threatening global trade. The group has seized new territory along Yemen’s Red Sea coast, including the strategic port city of Mocha, and expanded toward the Bab el-Mandeb Strait.…
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