US Treasury imposes its largest sanctions yet on Iran-backed Houthis, targeting individuals, front companies, and vessels linked to illicit oil smuggling and TF

The sanctions significantly disrupt the Houthis’ financial networks by targeting revenue-generating front companies, key facilitators, and vessels involved in illicit oil trade. They also increase legal and commercial risk for individuals and entities engaging in transactions that support the Houthis, reinforcing the U.S. commitment to impeding terrorist financing…