The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned eighteen entities, including companies, individuals, and vessels, for their connection to Sa’id al-Jamal, a finance official linked to the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and the Houthi movement. These sanctions target individuals such as the captains of vessels transporting illicit oil, as well as the companies managing these ships. Revenue generated from al-Jamal's network helps fund Houthi missile and drone attacks, including those on Israel and commercial vessels in the Red Sea.
Bradley T. Smith, Acting Under Secretary of the Treasury for Terrorism and Financial Intelligence, emphasized that the Houthis rely on al-Jamal's network to transport and sell Iranian oil, sustaining their violent activities. The sanctions are part of a broader effort under Executive Order 13224 to disrupt funding sources enabling the Houthis' destabilizing operations.
Sa’id al-Jamal was previously designated by OFAC in June 2021 for providing material support to the IRGC-QF, while the IRGC-QF itself was designated under the same order in 2007. The Houthi movement (Ansarallah) was classified as a Specially Designated Global Terrorist group by the U.S. Department of State in February 2024.
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