U.S. Unmasks Iranian-Backed Network Fueling Houthi Terrorism with Oil and Money Laundering

In a decisive move reinforcing America’s commitment to combat global terrorism, the U.S. government announced sanctions against a covert network comprising two individuals and five entities that facilitate the importation of petroleum products and money laundering operations for Yemen's Iran-backed Houthi rebels. The Treasury Department revealed that these actors exploit international financial systems to funnel hundreds of millions of dollars annually to the Houthis, enabling them to secure oil supplies which they then monopolize and mark up exorbitantly within their controlled territories. This not only funds terrorism but deepens the humanitarian crisis in a critical region. How Does Iran’s Shadow...