US targets Houthi revenue with new sanctions, Treasury Dept says

The United States on Wednesday issued sanctions targeting two companies and two vessels that the Treasury Department said had facilitated commodities shipments on behalf of a network of an Iranian-backed Houthi financial facilitator.

The action targets two Hong Kong- and Marshall Islands-based ship owners and two vessels for their role in shipping commodities on behalf of Sa’id al-Jamal, the Treasury Department said in a statement.

The revenue from the commodity sales supports the Houthis and their attacks against international shipping in the Red Sea and the Gulf of Aden, the department said.

Wednesday’s action represented the latest bid by the U.S. to pressure the Iran-backed Houthi militant group over attacks in shipping. Last month, Washington imposed sanctions on oil tankers as well as two companies it accused of working with al-Jamal.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.