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U.S. Sanctions 18 Entities, Including 5 Companies and 5 Individuals, Linked to Iranian Oil Network Supporting Houthis

Oct 17, 2024, 03:16 PM

The U.S. government has announced a new round of sanctions targeting individuals and vessels associated with the Iranian-backed Houthi movement. This action follows recent military operations by U.S. forces aimed at underground weapons storage facilities. The sanctions specifically target 18 individuals, companies, and ships involved in transporting illicit oil on behalf of Iran, which has been linked to increased violence in the region. Additionally, the State Department has sanctioned five companies and five individuals while blocking eight vessels connected to an Islamic Revolutionary Guard Corps-affiliated network that funds the Houthis. These measures are part of ongoing efforts to counter Iran's support for terrorist groups and enhance stability in the Middle East.