# Iran’s proxy money machine: How the Houthis built a multibillion-dollar network despite US sanctions

https://mins.news/en/item/58121

- Fox News, 2026-09-14 17:52 UTC
- World
- Original: https://www.foxnews.com/world/irans-proxy-money-machine-houthis-built-multibillion-dollar-network-despite-us-sanctions

> The Houthis’ advance along Yemen’s Red Sea coast, including the seizure of Mocha and movement toward the Bab el-Mandeb Strait, is drawing new attention to their extensive financing system. Researchers say it spans ports, tariffs, Iranian oil, hawala networks, cryptocurrency exchanges and foreign facilitators, complicating US efforts to cut the group’s funding without disrupting civilian lifelines.

## Stories

- [Houthi Saudi Red Sea Conflict](https://mins.news/en/topic/houthi-yemen-saudi-red-sea-conflict-2026-08) — Markdown: https://mins.news/en/topic/houthi-yemen-saudi-red-sea-conflict-2026-08.md

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