Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > US sanctions target deliveries of oil and gas to Houthis
    Headlines

    US sanctions target deliveries of oil and gas to Houthis

    US sanctions target deliveries of oil and gas to Houthis

    Published by Global Banking and Finance Review

    Posted on April 28, 2025

    Featured image for article about Headlines

    WASHINGTON (Reuters) - The U.S. imposed sanctions on Monday on three vessels and their owners for delivering oil and gas products to Yemen's Houthis, as Washington piled pressure on the Iran-backed rebels over their attacks on Red Sea shipping.

    The sanctions targeted Marshall Islands-registered Zaas Shipping & Trading Co and Great Success Shipping Co, and Mauritius-registered Bagsak Shipping Co and the cargo vessels they used to deliver oil and gas products to the Houthi-controlled port of Ras Isa, the U.S. Treasury Department said in a statement.

    "Today’s action underscores our commitment to disrupt the Houthis’ efforts to fund their dangerous and destabilizing attacks in the region," Deputy Secretary of the Treasury Michael Faulkender said.

    The sanctions came hours after Houthi-controlled television said a U.S. airstrike killed 68 people at a detention center for African migrants in Yemen.

    In March, the U.S. designated the Houthis as a "Foreign Terrorist Organization," accusing the group of threatening the security of American civilians and personnel in the Middle East as well as partners in the region and global maritime trade.

    The attacks on ships, which the Houthis say are in solidarity with Palestinians in Gaza, have disrupted global commerce, stoked fears of inflation and deepened concern about the fallout from the Israel-Hamas war.

    The group has controlled the most populous parts of Yemen, including the capital Sanaa, since it ousted the government in 2014.

    "The United States is committed to disrupting the Houthis’ illicit revenue generation, financial facilitators, and suppliers as part of our whole-of-government approach to eliminating threats to freedom of navigation in the Red Sea," State Department spokesperson Tammy Bruce said in a statement.

    (Reporting Katharine Jackson and Daphne Psaledakis; Editing by Doina Chiacu and David Gregorio)

    Related Posts
    Russian attacks on Ukrainian ports cause drop in food exports
    Russian attacks on Ukrainian ports cause drop in food exports
    French President Macron slams U.S. visa ban on Thierry Breton and others
    French President Macron slams U.S. visa ban on Thierry Breton and others
    EU says it strongly condemns U.S. visa ban on European individuals
    EU says it strongly condemns U.S. visa ban on European individuals
    Ukraine unveils 20-point peace proposal under discussion with US
    Ukraine unveils 20-point peace proposal under discussion with US
    Putin has been briefed on U.S. proposals for Ukraine peace plan, the Kremlin says
    Putin has been briefed on U.S. proposals for Ukraine peace plan, the Kremlin says
    Zelenskiy seeks meeting with Trump to hammer out issue of territory
    Zelenskiy seeks meeting with Trump to hammer out issue of territory
    How Israel's hilltop settlers coordinate attacks to expel Palestinians
    How Israel's hilltop settlers coordinate attacks to expel Palestinians
    Italy watchdog orders Meta to halt WhatsApp terms barring rival AI chatbots
    Italy watchdog orders Meta to halt WhatsApp terms barring rival AI chatbots
    Australian state passes tougher gun, protest law after Bondi Beach shooting
    Australian state passes tougher gun, protest law after Bondi Beach shooting
    Russia plans a nuclear power plant on the moon within a decade
    Russia plans a nuclear power plant on the moon within a decade
    EU, France, Germany slam US visa bans as 'censorship' row deepens
    EU, France, Germany slam US visa bans as 'censorship' row deepens
    Libya army chief of staff killed in jet crash near Ankara after fault reported, Turkish official says
    Libya army chief of staff killed in jet crash near Ankara after fault reported, Turkish official says

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Headlines

    Explore more articles in the Headlines category

    Ukraine drone attacks target Moscow at night, spark industrial fire in Tula, Russia says

    Ukraine drone attacks target Moscow at night, spark industrial fire in Tula, Russia says

    Australia cancels British man's visa after charges of displaying Nazi symbol

    Australia cancels British man's visa after charges of displaying Nazi symbol

    Russia's air defence units destroy drone flying towards Moscow, mayor says

    Russia's air defence units destroy drone flying towards Moscow, mayor says

    Lilly, Novo lock horns in India's obesity drug race

    Lilly, Novo lock horns in India's obesity drug race

    Investor Louis Bacon wins defamation case against ex-fashion mogul Peter Nygard

    Investor Louis Bacon wins defamation case against ex-fashion mogul Peter Nygard

    Two police officers killed by bomb in Moscow near site of Russian general's killing

    Two police officers killed by bomb in Moscow near site of Russian general's killing

    US targets former EU commissioner, activists with visa bans over alleged censorship

    US targets former EU commissioner, activists with visa bans over alleged censorship

    Pope Leo 'disappointed' in Illinois governor over assisted dying law

    Pope Leo 'disappointed' in Illinois governor over assisted dying law

    Pope Leo expresses 'much sadness' about Russia refusing Christmas ceasefire

    Pope Leo expresses 'much sadness' about Russia refusing Christmas ceasefire

    Biathlon-Norwegian athlete Bakken dies at 27

    Biathlon-Norwegian athlete Bakken dies at 27

    Ukrainian troops withdraw from eastern town of Siversk

    Ukrainian troops withdraw from eastern town of Siversk

    UK police say comedian Russell Brand charged with two more sex offences

    UK police say comedian Russell Brand charged with two more sex offences

    View All Headlines Posts
    Previous Headlines PostDeath toll in Iran's Bandar Abbas port blast rises to 70
    Next Headlines PostTennis-Play cancelled at Madrid Open over large-scale power outage