US Targets Houthi Financial Networks To Secure Shipping In Red Sea & Gulf of Aden

US Targets Houthi Financial Networks To Secure Shipping In Red Sea & Gulf of Aden

On Thursday, the U.S. Department of the Treasury’s Office of Foreign Assets Control (abbreviated the OFAC) declared actions against the financial networks helping Houthi forces in Yemen. This targets choking off funding to safeguard the international shipping lanes in the Red Sea as well as the Gulf of Aden that the Houthis’ ever-growing aggression has threatened.

The Houthis, known for their control over Yemen’s parts, have escalated the tensions in the area with attacks on the commercial...

https://www.marineinsight.com/shipping-news/us-targets-houthi-financial-networks-to-secure-shipping-in-red-sea-gulf-of-aden/

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