The US Treasury Department said Thursday it is designating members of a smuggling network that helps fund Iran’s Islamic Revolutionary Guard Corps Qods Force and Houthis rebels in Yemen.
The Office of Foreign Assets Control (OFAC) said the network led by Iran-based Houthi financier Sa’id al-Jamal generates tens of millions of dollars in revenue from the sale of commodities, like Iranian petroleum, which is then directed to the Houthis in Yemen.
Yemen has been beset by violence and chaos since 2014, when Houthi rebels overran much of the country, including the capital, Sana’a.
