US Sanctions Foreign Nationals for Role in Financing Houthis Through Iranian Oil Trade

The sanctions also targeted entities and vessels allegedly involved with Sa’id al-Jamal’s network.
US Sanctions Foreign Nationals for Role in Financing Houthis Through Iranian Oil Trade
Houthi fighters and tribesmen stage a rally against U.S. and UK strikes on Houthi-run military sites near Sanaa, Yemen, on Jan. 14, 2024. AP Photo
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The U.S. Treasury Department announced sanctions on July 18 against several foreign nationals and entities allegedly involved in an Iran-linked network accused of generating revenue for Houthis in Yemen.

State Department spokesman Matthew Miller said the sanctions aimed to disrupt the network of alleged Houthi financier Sa’id al-Jamal and its “destructive activities” in the region. Mr. Miller said the network has served as the funding stream for the Houthis’ ongoing attacks against commercial shipping in the Red Sea and surrounding waterways.