U.S. sanctions Houthi-linked vessel Lady Sofia

Continuing to try to stem the flow of Iranian funding to the Houthis, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action March 15 against a Mumbai-headquartered, Marshall Islands-registered, shipping company Vishnu Inc., saying that its vessel, the Lady Sofia, has been involved in illicit shipments to the People’s Republic of China (PRC) in support of Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and Houthi financial facilitator Sa’id...


Vessel used in trades that funded Houthi arms hit by U.S. and U.K. sanctions

Houthi arms

As Houthi attacks on merchant ships continue with a seemingly abundant supply of Iranian weaponry, sanctions announced today by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), in coordination with the United Kingdom, shed some light on how those Houthi arms are being funded.

Designated in the sanctions are Hong Kong ship operator Cap Tees Shipping Co. and the 1998-built, 15,084 dwt crude oil tanker Artura, which is said to have been involved in another saga of...


OFAC moves to stem flow of Iranian funding to Houthis

As the Houthi attacks that began with the hijacking of the Galaxy Leader continue to disrupt Red Sea shipping, the U.S. is moving to stem the flow of the Iranian money that is helping sustain those activities.

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today designated one individual and three entities that, it says, are responsible for facilitating the flow of Iranian financial assistance to Houthi forces,

Among those designated today is the head of the...


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