US Targets Houthi Funding Network and Imposes Sanctions Amidst Escalating Attacks

The United States has imposed sanctions on 13 individuals and entities allegedly involved in providing funding to Yemen's Houthi rebel group through Iranian commodity sales. The US Treasury Department stated that the Houthis receive support from Iran, leading to attacks on civilian infrastructure and commercial shipping. The designated network, backed by Iran's Islamic Revolutionary Guard Corps, includes exchange firms in Yemen, Turkey, and St Kitts and Nevis. The Treasury aims to disrupt financial facilitation networks supporting destabilizing activities.