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 advancing toward the critical Bab el-Mandeb Strait.
- Customs and taxes at Hodeidah and Ras Isa ports provide the group's primary revenue source, allowing sustained operations independent of direct Tehran funding. Territory enables recruitment, weapons storage, and smuggling route management.
- Blockchain analysis identified nearly $900 million moving through addresses linked to the network, which operates via crypto exchanges and facilitators spanning Russia, Turkey, and Southeast Asia. Treasury estimates Houthi oil sales alone generate more than $2 billion annually.
- Nadwa Al-Dawsari of the Middle East Institute told Congress on Sept. 1 the group is "deepening ties with other U.S. adversaries, particularly Russia and China," citing Russian targeting data for Red Sea attacks. Analysts characterize the Houthis as "sanctions-adapted" rather than sanctions-proof.
- 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 that extends far beyond Tehran's direct support.
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9 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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