US Sanctions Funding for Houthis as Red Sea Threats Persist

The US sanctioned one person and three money exchanges it said have helped transfer millions of dollars to the Houthis on behalf of Iran.

The action Thursday comes as the Yemen-based militant group’s attacks on ships transiting the Red Sea have snarled trade in the region, sending half of the container ship fleet that regularly uses the sea and the Suez Canal on much longer routes.

Read more: Half of Red Sea Container-Ship Fleet Avoids Route After Attacks

Brian Nelson, the Treasury Department’s under secretary for Terrorism and Financial Intelligence, said in a statement the action “underscores our resolve to ...