U.S Imposes Sanctions Against Entities Financing Houthis In Yemen
The U.S Department of Treasury has placed sanctions on 13 people and organisations that have supported the Houthi rebels in Yemen with financial support from Iran. These people and businesses are charged with giving the Houthis ten million dollars obtained from selling Iranian goods.
The financing network functioned through a convoluted web of exchange residences and businesses spread across several jurisdictions, with the backing of the IRGC’s extraterritorial Quds force.
The mastermind, Sa’id al-Jamal, provided financial support to both the IRGC Quds force and the Houthis. The goal of the sanctions is to obstruct this pathway that allows Iranian money to travel to their militant allies in Yemen.
While avoiding direct military involvement in the Israel-Hamas dispute, the US government claims that Iran targets US and Israeli interests by supporting proxies like Hezbollah and the Houthis.
Concerns have been expressed about the recent increase in Houthi attacks, especially in light of the truce agreement between Israel and Hamas breaking down on December 1. On Sunday, several commercial ships and an American warship were attacked in the Red Sea.
Under Secretary of the Treasury for Terrorism and Financial Intelligence, Brian E. Nelson stressed that Iran continues to provide financial support and arms to the Houthis, which encourages them to carry out random attacks that jeopardise international trade and undermine maritime security.
The Biden administration is under fire for what is seen as its inability to deter Iran and its allies in the Middle East, even though US warships have intercepted the majority of the missiles and drones fired by the Houthis.
Reference: Iran International
Marine Insight Academy
Online courses for the Maritime industry!
Enroll For Maritime Courses
- 100 + Free & Premium Courses
- Learn at your own speed
- Earn certificates on completing Premium Courses
- Quizes to evaluate your knowledge
- Interactive videos
Marine Insight Academy
Enroll For Maritime Courses
- 100 + Free & Premium Courses
- Learn at your own speed
- Earn certificates on completing Premium Courses
- Quizes to evaluate your knowledge
- Interactive videos
Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
Do you have info to share with us ? Suggest a correction
About Author
Marine Insight News Network is a premier source for up-to-date, comprehensive, and insightful coverage of the maritime industry. Dedicated to offering the latest news, trends, and analyses in shipping, marine technology, regulations, and global maritime affairs, Marine Insight News Network prides itself on delivering accurate, engaging, and relevant information.
About Author
Marine Insight News Network is a premier source for up-to-date, comprehensive, and insightful coverage of the maritime industry. Dedicated to offering the latest news, trends, and analyses in shipping, marine technology, regulations, and global maritime affairs, Marine Insight News Network prides itself on delivering accurate, engaging, and relevant information.
Daily Maritime News, Straight To Your Inbox
Sign Up To Get Daily Newsletters
Join over 60k+ people who read our daily newsletters
By subscribing, you agree to our Privacy Policy and may receive occasional deal communications; you can unsubscribe anytime.
BE THE FIRST TO COMMENT