The United States sanctioned the International Bank of Yemen (IBY) on Thursday for providing financial support to the Iran-backed Houthis, in what the Treasury Department described as part of efforts to counter threats to commercial shipping.
“We are committed to disrupting Houthi financial networks and banking access as part of our whole-of-government approach to eliminating Iran’s threat network,” the department said in a statement.
The sanctions also target three senior IBY officials — Kamal Hussain Al Jebry, Ahmed Thabit Noman Al-Absi, and Abdulkader Ali Bazara.
