US announces sanctions against network responsible for financing Houthi rebels

The US Treasury Department announces sanctions against one individual and three entities Washington says are responsible for facilitating the flow of Iranian financial assistance to Houthi rebels in Yemen who have been targeting Israel and international shipping lanes since October 7.

Among those designated today is the head of the Currency Exchangers Association in Sana’a, and three exchange houses in Yemen and Turkey, the Treasury Department says.

This individual — Nabil Al-Hadha — has facilitated the transfer of millions of dollars to the Houthis at the direction of Sa’id al-Jamal, who has already been sanctioned by the US over his affiliation to Iran’s Islamic Revolutionary Guard Corps elite Quds Force, the US readout says.