US sanctions Hong Kong, UAE firms over Houthi support

Washington announced fresh sanctions on two companies based in Hong Kong and the United Arab Emirates, aiming to curb the financial support to Iranian-backed Houthi rebels in Yemen. This decision came shortly after US and UK forces initiated strikes against the Houthi rebels, intending to stop their repeated assaults on shipping in the Red Sea. The Houthi attacks, allegedly in protest of Israel's conflict with Hamas, have compelled cargo ships to steer clear of the Suez Canal, a vital route for global shipping.

from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/pUkjc3L