Treasury Sanctions Houthi Illicit Oil Trading and Shipping

Largest Treasury Action Against the Iran-Backed GroupWASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is taking its single largest action to date against Iran-backed Ansarallah, commonly known as the Houthis, targeting four individuals, 12 entities, and two vessels that have imported oil and other illicit goods in support of the terrorist group. This action includes Houthi front companies, their owners, and other key Houthi operatives that generate significant revenue for the group through the sale of oil and other commodities on Yemen’s black market and by engaging in smuggling operations through Houthi-controlled ports. As part of this action, Treasury is also targeting two vessels, as well as their owners and operators, which violated U.S. sanctions by discharging oil derivatives to the Houthis.