U.S. Sanctions Hit Houthi and Hezbollah Trade Networks

The United States has issued new sanctions against networks linked to the Houthi and Hezbollah groups. These sanctions target companies, individuals, and vessels involved in shipping Iranian commodities to Yemen and the UAE, aiming to pressure Tehran and Iranian-backed organizations.

The United States issued sanctions on Thursday targeting Houthi and Hezbollah trade networks, the U.S. Treasury Department announced. The move seeks to increase pressure on Tehran and the Iranian-backed groups.

The department's statement revealed that the sanctions targeted companies, individuals, and vessels accused of shipping Iranian commodities such as oil and liquefied petroleum gas (LPG) to Yemen and the United Arab Emirates. These activities were reportedly conducted on behalf of a Houthi financial official's network.

This development marks Washington's ongoing efforts to disrupt the economic lifelines of Tehran and its affiliated groups.

(With inputs from agencies.)