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

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Fox News
Iran’s proxy money machine: How the Houthis built a multibillion-dollar network despite US sanctionsWorldPing
Image via Fox News.

What happened

The Houthis' advance toward the Bab el-Mandeb Strait is fueled by a sprawling sanctions-evasion network spanning Iranian oil, crypto and Russia.

Key facts

  • Reported by Fox News and published Mon, 14 Sep 2026 17:52:18 UTC.

Why it matters

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  • Official statements or denials from the governments named
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Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

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Sources

The original report was published by Fox News. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Fox News

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