Trump sanctions Houthis funding operation
The Trump administration unveiled fresh sanctions Monday on a Houthi procurement network, targeting three shipping companies and their owners for helping the Iran-backed terror group smuggle millions of dollars in illicit oil products.
One of the companies, Zaas Shipping and Trading Co., transports oil and gas on behalf of the Iranian Islamic Revolutionary Guards Corps, generating revenue for the Islamic regime that in turn funds the Houthis and other terror proxies. The other two companies, Great Success Shipping Co. and Bagsak Shipping Inc., are known to dump oil and gas into a Houthi-controlled port in Yemen, violating separate sanctions on the terror entity and providing much-needed cash for its operations.
The sanctions come as the United States targets the Houthis with rounds of airstrikes aimed at ending the terror organization's attacks on commercial shipping vessels in the Red Sea. Those strikes have hit more than 800 targets in Yemen, according to the U.S. military, including stockpiles of ballistic missiles and drones. The Houthis have hit back in some cases—last week, U.S. military officials confirmed that the Houthis had successfully downed at least seven American Reaper drones over the past month and a half.
By cutting off the terror group’s chief revenue sources, the Trump administration hopes to deny the Houthis the ability to source advanced weapons used to conduct these offensive operations. Shortly after President Donald Trump took office, he returned the Houthis to the U.S. Foreign Terrorist Organizations list, which enabled the Treasury Department to issue the new sanctions.
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It will also impact the funding of the Iranian regime. The US is conducting an air war against the Houthis operations mainly using sophicated Reaper drones. The Houthis man base of operation is in Yemen.
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