The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on April 28 announced new sanctions targeting vessels and companies accused of delivering oil derivatives to Houthi-controlled ports in Yemen and thereby helping to fund the group’s attacks on international shipping in the Red Sea.
The action blocks the property of three shipping companies and their associated vessels for providing material support to the Houthis, who the U.S. government recently redesignated as a specially designated global terrorist group and a foreign terrorist organization.