US Imposes Sanctions On 10 Individuals, Vessels & Firms Involved In Illicit Oil & Commodity Shipment To Houthis

The US Department of the Treasury’s OFAC has sanctioned ten individuals, organizations, and vessels involved in illegal oil imports.

The sanctions target maritime shipping and financial facilitators, including tanker captains, vessel managers, and document forgers.

Since October 2023, seven rounds of sanctions have targeted the network of Houthi financial facilitator Sa’id al-Jamal.

Individuals like Sa’id al-Jamal and companies such as Shark International Shipping and Rayyan Shipping play pivotal roles.

Sanctions block the designated individuals’ interests and properties under U.S. control, forbidding U.S. citizens from dealing with them.

The National Transportation Safety Board and FBI are investigating the electrical issues and criminal aspects of the collapse.

These sanctions mark a significant step towards combating illicit trade and supporting stability in the region.