Houthis develop multibillion dollar Iran network
The article examines the Houthis' extensive financial network, which has evolved beyond Yemen to include ports, trade routes, Iranian oil, cryptocurrency, and foreign facilitators in Russia, Turkey, and Southeast Asia. Controlling key territories along Yemen’s Red Sea coast enhances their revenue and military capabilities, complicating efforts to cut off their funding. Despite sanctions, the Houthis have built adaptable financing systems, making it difficult for the U.S. to disrupt their income without harming civilians receiving vital supplies. Russia and China are believed to support or turn a blind eye to parts of the network, further complicating international efforts to weaken the group.
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