India, April 29 -- The Department of the Treasury's Office of Foreign Assets Control has imposed sanctions on 3 shipping companies and their ships delivering oil derivatives to the Houthis.
The Houthis, which is part of the Iranian regime's network of terrorist proxies and partners, has deployed missiles, unmanned aerial vehicles, and naval mines to attack commercial ships in the Red Sea, threatening global freedom of navigation and international commerce. The Houthis also profit significantly from the shipment of goods through ports they control, profiting, in particular, from the discharge of refined petroleum products.
The Houthis control the strategic Red Sea ports of Hudaydah, Ras Isa, and Al-Salif, funneling millions of dollars deri...