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Latest US sanctions target Houthi funding networks, Treasury says
The U.S. Treasury targets 21 individuals, entities, and one vessel linked to an illicit oil trade generating over $2 billion for Iran-backed Houthis, aiming to cut funding for attacks on shipping.
- On Jan 16, OFAC designated 21 individuals, entities, and one vessel, with Scott Bessent stating, `The Houthis threaten the United States by committing acts of terror and attacking commercial vessels transiting the Red Sea`.
- Treasury officials said the sanctions build on previous pressure targeting Houthi vast revenue generation and smuggling networks, with illicit oil trade generating over $2 billion annually for the Houthi movement in Yemen.
- Maritime operations hit included Albarraq Shipping Co, vessel ALBARRAQ Z with captain Ahmad Ismail, and aviation firms Barash Aviation and Cargo Company Limited and Sama Airline tied to jet acquisition attempts.
- On Friday, the designations freeze U.S. assets of designated individuals and entities and bar Americans from dealings, while foreign financial institutions face secondary sanctions risks.
- Since 2023 the Houthi movement in Yemen has launched numerous assaults on vessels in the Red Sea, and Treasury officials say the networks serve as conduits between the Iranian regime and Houthi forces.
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Treasury Department Imposes Sanctions on Supporters of Iran-Backed Houthis Terrorists
WASHINGTON—The Treasury Department announced on Jan. 16 that it has sanctioned more than 20 individuals and entities for allegedly helping transfer oil, get arms, and provide financial backing for the Iran-backed Houthis. The department targeted 21 individuals and entities for allegedly supporting the Houthis, who have been designated as terrorists by the United States. “The Houthis threaten the United States by committing acts of terror and att…
·New York, United States
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U.S. imposed new sanctions on networks that helped finance Iran-backed Houthi rebels by transferring crude oil
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Total News Sources14
Leaning Left1Leaning Right4Center5Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
C 50%
R 40%
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