Latest US sanctions target Houthi funding networks, Treasury says

The Trump administration issued fresh sanctions on Friday further targeting the Iran-backed Houthis in Yemen and the transfer of oil products, weapons and other so-called dual-use equipment that it said helped fund the group.

The action targets 21 individuals and entities as well as one vessel, including some alleged front companies in Yemen, Oman and the United Arab Emirates, the U.S. Department of Treasury's Office of Foreign Assets Control said in a statement. 

"The Houthis threaten the United States by committing acts of terror and attacking commercial vessels transiting the Red Sea," U.S. Treasury Secretary Scott Bessent said in the statement.

The move builds on previous Treasury action to pressure the Houthis "vast revenue generation and smuggling networks, which enable the group to sustain its capability to conduct destabilizing regional activities," including the Red Sea attacks, the department added.

Since 2023, the Houthis have launched numerous assaults on vessels in the Red Sea that they deem to be linked with Israel in what they say is solidarity with Palestinians over Israel's war on Gaza. 

Tehran's regional sway has been weakened by Israel's attacks on its proxies, including on the Houthis in Yemen.