Port calls in the Red Sea have plummeted 85% since the onset of Houthi attacks on commercial vessels, while Suez Canal traffic has dropped by around 66% over the same period, research has found. Yemen’s Iran-backed Houthi rebel group have now carried out more than 85 attempted attacks on tankers, bulk carriers and container ships…| Global Trade Review (GTR)
US authorities have imposed sanctions on several companies in the Middle East and Asia accused of breaching sanctions on Iranian fuel exports in order to finance Yemen’s Houthi rebel group. The US Treasury says the companies are part of a network linked to Sa’id al-Jamal, a Houthi financial official backed by Iran and sanctioned since…| Global Trade Review (GTR)
A UN Security Council report says Yemen’s Houthi rebel group has been using falsified documents to import oil and gas in breach of western sanctions, potentially generating nearly US$4bn in revenue over a two-year period. The report follows an investigation by a UN panel of experts into Houthi activity in Yemen, including its means of ...| Global Trade Review (GTR)