Story Type: Background

Understanding the Red Sea Context

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Infographic • Poster

From Extortion to Takeover: How Companies Are Captured in the Houthi War Economy

Sep 22, 2026

The Houthi militia’s control of the private sector does not rely solely on outright confiscation. It unfolds through a gradual process involving financial pressure, interference in management, frozen bank accounts, and the restructuring of ownership and operations.

Source:

IOM

Credit:

Hamza Al-Hammadi