US Treasury Secretary Mnuchin to visit Israel on Thursday

US Secretary of the Treasury Steven Mnuchin is scheduled to arrive in Israel tomorrow for a one-day visit as part of a larger tour of the Mideast.

In a coordinated move with Arab Gulf allies, Mnuchin earlier today announced new US sanctions against nine Yemenis and two Yemeni entities suspected of financing terrorist groups.

Saudi Arabia, Qatar, the United Arab Emirates, Oman, Kuwait and Bahrain jointly agreed to the sanctions list with Washington in what Mnuchin describes as “the largest ever multilateral designation in the Middle East.”

The announcement represents a rare moment of coordination among the oil-rich Gulf states nearly four months after Saudi Arabia, the UAE and Bahrain, along with Egypt, severed ties with Qatar over its foreign policies.

Mnuchin, who landed in Saudi Arabia earlier today, is also expected to visit the UAE and Qatar during his visit to the region.

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