U.S. Hits Houthis With Largest Sanctions Action Yet, Targets Oil Smugglers

U.S. Hits Houthis With Largest Sanctions Action Yet, Targets Oil Smugglers

The U.S. Treasury Department on Thursday announced its largest sanctions action to date against Yemen's Iran-backed Houthi militants, targeting 4 individuals, 12 entities, and 2 vessels involved in oil smuggling and illicit financing. The Office of Foreign Assets Control (OFAC) said the network funneled revenue to the Houthis through black-market oil sales and smuggling operations at Houthi-controlled ports. The targeted vessels and their operat…

US targets Houthis with biggest sanctions package amid Middle East missile strikes

Treasury says the move targets an oil smuggling network and shipments for Iran’s defence industry