US unveils latest wave of sanctions against Houthi financers

The United States imposes sanctions on what it says is a Houthi-linked petroleum-smuggling and sanctions-evasion network across Yemen and the United Arab Emirates in fresh action targeting the Iran-backed terror group.

The US Treasury Department in a statement says the two individuals and five entities sanctioned are among the most significant importers of petroleum products and money launderers that benefit the Houthis.

“The Houthis collaborate with opportunistic businessmen to reap enormous profits from the importation of petroleum products and to enable the group’s access to the international financial system,” says Deputy Secretary of the Treasury Michael Faulkender.

“These networks of shady businesses underpin the Houthis’ terrorist machine, and Treasury will use all tools at its disposal to disrupt these schemes.”