The United States has imposed sanctions on two individuals and four companies over procurement of weapons for the Houthis and for providing them with military grade and dual-use equipment.
Since Israel launched military operation in Gaza in November 2023, the Iran-backed militants have deployed a range of drones, ballistic missiles, and cruise missiles to attack commercial shipping in the Red Sea and surrounding waterways, U.S. military forces, and civilian populations in Israel.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.