U.S. Targets Houthis’ Financial Chain; Sanctions Hong Kong, UAE Firms ‘For Shipping Iranian…’

U.S. has announced a crackdown on Yemen’s Houthi rebels’ financial network by imposing restrictions on the companies in Hong Kong and the UAE. Washington alleged that the sanctioned firms had shipped Iranian commodities on behalf of a Houthi facilitator’s network. The move comes amid rising tensions between Yemen’s Houthis and Washington in the Red Sea. Watch for more.