US sanctions Hong Kong, UAE firms over Houthi support ...Middle East

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US sanctions Hong Kong, UAE firms over Houthi support
WASHINGTON: Washington announced new sanctions Friday on two companies in Hong Kong and the United Arab Emirates, moving to crack down on the financial network funding Iranian-backed Houthi rebels in Yemen. The move comes hours after US and UK forces launched strikes against the Houthi rebels, seeking to halt their repeated attacks on shipping in the Red Sea. The Houthi’s attacks, which the group says are in protest at Israel’s war against Hamas, has forced cargo ships to avoid the Suez Canal – one of the world’s busiest shipping routes. The two companies designated on Friday by the US Treasury Department were Hong Kong-based Cielo Maritime and UAE-based Global Tech Marine Services. Aggres

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