US sanctions Syrian conglomerate funding IRGC Quds Force, Houthis

| Economy

US sanctions Syrian conglomerate funding IRGC Quds Force, Houthis

Companies, individuals and vessels associated with Al-Qatirji Company have raised funds through the sale of Iranian oil to Syria and China.

Isolated and under sanctions, Iran and Russia connect bank card systems

| Economy

Isolated and under sanctions, Iran and Russia connect bank card systems

Locked out of key global banking systems and hemmed in by sanctions, the two pariah states have taken steps to link their banking systems.

US blacklists Chinese firms over links to Iranian regime's military programs

| Economy

US blacklists Chinese firms over links to Iranian regime's military programs

The US Department of Commerce has sanctioned six Chinese firms for aiding Iran’s drone and weapons of mass destruction programs.

EU moves to block Iranian regime's use of airlines to send arms to Russia

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EU moves to block Iranian regime's use of airlines to send arms to Russia

Iranian airlines have been used to evade sanctions, supply missiles and drones to Russia and undermine Middle East peace and security.

Ships, captains, companies sanctioned over illicit oil shipments for IRGC

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Ships, captains, companies sanctioned over illicit oil shipments for IRGC

The US has imposed a new tranche of sanctions on the network of Houthi financier Said al-Jamal, which is backed by the IRGC's Quds Force.

Oil tankers move away from Iran's Kharg Island in Israel attack aftermath

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Oil tankers move away from Iran's Kharg Island in Israel attack aftermath

Oil tankers have vacated the waters around Kharg Island terminal, satellite imagery shows, amid fears of retaliatory strikes on oil facilities.

Houthi weapons procurement operatives in Iran, China face sanctions

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Houthi weapons procurement operatives in Iran, China face sanctions

New US sanctions target those who support the Houthis' attempts to destabilize the region and threaten lives and freedom of navigation.

Houthis profit from their Red Sea attacks via heightened port activity

| Economy

Houthis profit from their Red Sea attacks via heightened port activity

The Iranian regime-backed group has been reaping profits from tax and customs revenues on food and fuel imports via the Red Sea port of al-Hodeidah.

Costs rise, humanitarian situation worsens in Yemen as Red Sea attacks continue

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Costs rise, humanitarian situation worsens in Yemen as Red Sea attacks continue

Shipments of food and fuel are being delayed as a consequence of the Houthis' Red Sea escalation, with the situation likely to deteriorate.

Wheat imports to famine-stricken Yemen disrupted by Houthis' attacks

| Economy

Wheat imports to famine-stricken Yemen disrupted by Houthis' attacks

The Houthis' targeting of cargo ships has led to a significant decrease in wheat imports to the southern Yemen ports of Aden and al-Mukalla in the midst of an escalating food crisis.