Treasury announces new sanctions aimed at Houthi smuggling and revenue generation networks

Summary

CNBC's Eamon Javers reports that the Treasury Department has announced new sanctions designating 21 individuals and entities tied to the Iranian-backed Houthis, along with one vessel involved in oil-product transfers. The designations target a network of front companies and individuals operating in the Middle East, including the UAE, to freeze assets and disrupt Houthi revenue. The segment opens with brief, separate chatter about the Fed chair candidate race.

• Treasury designates 21 individuals and entities tied to the Iranian-backed Houthis
• One vessel identified as involved in oil product transfers
• Sanctions target front companies and individuals in the UAE and elsewhere in the Middle East
• Stated aim is to freeze assets and cut off Houthi revenue generation
• Segment briefly references Fed chair candidate chatter, with Warsh leading prediction markets