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In ready remarks, Yellen mentioned Iran’s assault on Israel final weekend and its financing of militant teams in Gaza, Lebanon, Yemen and Iraq threatened stability within the Center East and will trigger financial spillovers.
America is utilizing monetary sanctions to isolate Iran and disrupt its capability to fund proxy teams and assist Russia’s struggle in Ukraine, Yellen mentioned.
Treasury has focused greater than 500 people and entities linked to terrorism and terrorist financing by the Iranian regime and its proxies because the begin of the Biden administration in January 2021, Yellen mentioned.
That has included focusing on Iran’s drone and missile packages and its financing of the Palestinian militant group Hamas, the Houthis in Yemen, Hezbollah in Lebanon, and Iraqi militia teams, she mentioned.
“From this weekend’s assault to the Houthi assaults within the Crimson Sea, Iran’s actions threaten the area’s stability and will trigger financial spillovers,” Yellen mentioned, with out giving particulars.
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