The Los Angeles Post
U.S. World Business Lifestyle
Today: April 11, 2025
Today: April 11, 2025

US imposes sanctions on Iran and Houthi-related targets

Houthi mobilization trainees parade in Sanaa
December 19, 2024
Reuters - Reuters

(Reuters) - The United States imposed sanctions on Thursday on Iran and Houthi-related entities, according to the Treasury Department website which listed a number of individuals, companies and vessels that had been targeted.

The sanctions target three vessels involved in the trade of Iranian petroleum and petrochemicals, which generates billions of dollars for Iran's leaders, supporting Tehran's nuclear program, development of ballistic missiles and financing of proxies including Hezbollah, Hamas and the Houthis, the Treasury said.

โ€œThe United States is committed to targeting Iranโ€™s key revenue streams that fund its destabilizing activities,โ€ Bradley Smith, acting under secretary for terrorism and financial intelligence, said in a release. Smith said Iran relies on a "shadowy network" of vessels, companies, and facilitators for those activities.

Iran says its nuclear program is for peaceful purposes.

The vessels targeted were the Djibouti-flagged crude oil tanker MS ENOLA, owned by Journey Investment company, the San Marino-flagged MS ANGIA, and the Panama-flagged MS MELENIA. The last two tankers are managed and operated by Liberia- and Greece-registered Rose Shipping Limited.

The sanctions block all property and interests in the United States of the designated parties, and U.S. persons and entities dealing with them could be exposed to sanctions or enforcement actions including fines.

The Treasury said it also imposed sanctions on 12 individuals to pressure procurement and financing schemes by the Yemen Houthi group. Those included Hashem Ismail Ali Ahmad al-Madani, the head of the Houthi-aligned central bank in Sanaa, for their alleged roles in trafficking arms, laundering money and shipping illicit Iranian oil for the benefit of the Houthis.

(Reporting by Costas Pitas and Timothy Gardner; Editing by Alistair Bell and Frances Kerry)

Related

Asia|Business|Economy|Finance|Political|Stock Markets|US

Mighty U.S. dollar feels heat as Trump's tariffs spark trade turmoil

Americas|Business|Economy|Europe|Political|US

Pirelli says it has no plans to invest in the United States

Business|Economy|Europe|Political|Stock Markets|US

European shares rise but head for third weekly decline on tariff woes

Business|Economy|Finance|Political|US

JPMorgan analyst says he now tempers public comments on US tariffs

Local

News|Local

Palisades Recreation Center to be rebuilt

Arts|Celebrity|Entertainment|Local|News|WrittenByLAPost

Weezer bassist to play Coachella despite wifeโ€™s arrest

Environment|Local|News

Most Colorado River states lag in water recycling: New study

Local

How gas prices have changed in El Centro in the last week

Share This

Popular

Asia|Business|Economy|Finance|Political|Stock Markets|US

Mighty U.S. dollar feels heat as Trump's tariffs spark trade turmoil

Mighty U.S. dollar feels heat as Trump's tariffs spark trade turmoil
Americas|Business|Economy|Europe|Political|US

Pirelli says it has no plans to invest in the United States

Pirelli says it has no plans to invest in the United States
Business|Economy|Europe|Political|Stock Markets|US

European shares rise but head for third weekly decline on tariff woes

European shares rise but head for third weekly decline on tariff woes
Business|Economy|Finance|Political|US

JPMorgan analyst says he now tempers public comments on US tariffs

JPMorgan analyst says he now tempers public comments on US tariffs

Political

Business|Economy|Europe|Political|Stock Markets|US

European shares rise but head for third weekly decline on tariff woes

European shares rise but head for third weekly decline on tariff woes
Business|Economy|Finance|Political|US

JPMorgan analyst says he now tempers public comments on US tariffs

JPMorgan analyst says he now tempers public comments on US tariffs
Business|Economy|Political|US|World

China hits back at Trump tariff hike, raises duties on US goods to 125%

China hits back at Trump tariff hike, raises duties on US goods to 125%
Asia|Business|Economy|Finance|Political

China's Q1 GDP growth set to slow to 5.1%, as Trump 2.0 raises heat on policymakers - Reuters poll

China's Q1 GDP growth set to slow to 5.1%, as Trump 2.0 raises heat on policymakers - Reuters poll

Access this article for free.

Already have an account? Sign In