Latest news with #MuhammadAlSunaydar
News24
23-07-2025
- Business
- News24
US hits Yemen Houthis with new sanctions over ‘shady businesses' smuggling oil
The US on Tuesday imposed sanctions on what it said was a Houthi-linked petroleum smuggling and sanctions evasion network across Yemen and the United Arab Emirates in fresh action targeting the Iran-backed militant group. The US Treasury Department in a statement said the two individuals and five entities sanctioned on Tuesday were among the most significant importers of petroleum products and money launderers that benefit the Houthis. 'The Houthis collaborate with opportunistic businessmen to reap enormous profits from the importation of petroleum products and to enable the group's access to the international financial system,' said Deputy Secretary of the Treasury Michael Faulkender. 'These networks of shady businesses underpin the Houthis' terrorist machine, and Treasury will use all tools at its disposal to disrupt these schemes.' Among those targeted on Tuesday was Muhammad Al-Sunaydar, who the Treasury said manages a network of petroleum companies between Yemen and the United Arab Emirates and was one of the most prominent petroleum importers in Yemen. Three companies in his network were also designated, with the Treasury saying they coordinated the delivery of approximately $12 million worth of Iranian petroleum products with a US-designated company to the Israel's war in Gaza against the Palestinian militant group Hamas began in October 2023, the Iran-aligned Houthis have been attacking vessels in the Red Sea in what they say are acts of solidarity with the Palestinians. In January, Trump re-designated the Houthi movement as a foreign terrorist organisation, aiming to impose harsher economic penalties in response to its attacks on commercial shipping in the Red Sea and against US warships defending the critical maritime area. In May, the US announced a surprise deal with the Houthis where it agreed to stop a bombing campaign against them in return for an end to shipping attacks, though the Houthis said the deal did not include sparing Israel. The Israeli military attacked Houthi targets in Yemen's Hodeidah port on Monday in its latest assault on the militants, who have been striking ships bound for Israel and launching missiles against it.
Bloomberg
22-07-2025
- Business
- Bloomberg
US Sanctions Network Allegedly Linked to Iran-Backed Houthis
The US is imposing sanctions on two individuals and five entities for allegedly delivering petroleum products to Yemen's Houthi militants, just weeks after the group assaulted cargo vessels in the Red Sea. Muhammad Al-Sunaydar, one of the targeted individuals, manages a network of petroleum companies between Yemen and the United Arab Emirates, including the Arkan Mars Petroleum Company for Oil Products Imports, the Treasury Department said Tuesday in a statement. The department also linked sanctioned individual Yahya Mohammed Al Wazir to money laundering for the Iran-backed group, which is designated a terrorist organization by the US.
Arab News
22-07-2025
- Business
- Arab News
US targets Houthis with fresh sanctions
WASHINGTON: The US on Tuesday imposed sanctions on what it said was a Houthi-linked petroleum smuggling and sanctions evasion network across Yemen in fresh action targeting the militant group. The US Treasury Department in a statement said the two individuals and five entities sanctioned were among the most significant importers of petroleum products and money launderers that benefit the Houthis. 'The Houthis collaborate with opportunistic businessmen to reap enormous profits from the importation of petroleum products and to enable the group's access to the international financial system,' said Deputy Secretary of the Treasury Michael Faulkender. 'These networks of shady businesses underpin the Houthis' terrorist machine, and Treasury will use all tools at its disposal to disrupt these schemes.' Among those targeted was Muhammad Al-Sunaydar, who the Treasury said manages a network of petroleum companies and was one of the most prominent petroleum importers in Yemen. Three companies in his network were also designated, with the Treasury saying they coordinated the delivery of $12 million worth of petroleum products with a US-designated company to the Houthis. Since Israel's war in Gaza began in October 2023, the Houthis have been attacking vessels in the Red Sea in acts of solidarity with the Palestinians. In January, the US re-designated the Houthi movement as a foreign terrorist organization, aiming to impose harsher economic penalties in response to its attacks on ships.
LBCI
22-07-2025
- Business
- LBCI
US targets Houthis with fresh sanctions action
The United States on Tuesday imposed sanctions on what it said was a Houthi-linked petroleum smuggling and sanctions evasion network across Yemen and the United Arab Emirates in fresh action targeting the Iran-backed militant group. The U.S. Treasury Department in a statement said the two individuals and five entities sanctioned on Tuesday were among the most significant importers of petroleum products and money launderers that benefit the Houthis. "The Houthis collaborate with opportunistic businessmen to reap enormous profits from the importation of petroleum products and to enable the group's access to the international financial system," said Deputy Secretary of the Treasury Michael Faulkender. "These networks of shady businesses underpin the Houthis' terrorist machine, and Treasury will use all tools at its disposal to disrupt these schemes." Among those targeted on Tuesday was Muhammad Al-Sunaydar, who the Treasury said manages a network of petroleum companies between Yemen and the United Arab Emirates and was one of the most prominent petroleum importers in Yemen. Three companies in his network were also designated, with the Treasury saying they coordinated the delivery of approximately $12 million dollars' worth of Iranian petroleum products with a U.S.-designated company to the Houthis.
