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

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Source: Maritime Shipping News