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Borrell: War in Middle East on Brink of Expanding

European Union High Representative for Foreign Affairs and Security Policy Josep Borrell arrives to take part in a Summit on Peace in Ukraine at the luxury Burgenstock resort, near Lucerne in central Switzerland, on June 15, 2024. (Photo by Ludovic MARIN / AFP)
European Union High Representative for Foreign Affairs and Security Policy Josep Borrell arrives to take part in a Summit on Peace in Ukraine at the luxury Burgenstock resort, near Lucerne in central Switzerland, on June 15, 2024. (Photo by Ludovic MARIN / AFP)
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Borrell: War in Middle East on Brink of Expanding

European Union High Representative for Foreign Affairs and Security Policy Josep Borrell arrives to take part in a Summit on Peace in Ukraine at the luxury Burgenstock resort, near Lucerne in central Switzerland, on June 15, 2024. (Photo by Ludovic MARIN / AFP)
European Union High Representative for Foreign Affairs and Security Policy Josep Borrell arrives to take part in a Summit on Peace in Ukraine at the luxury Burgenstock resort, near Lucerne in central Switzerland, on June 15, 2024. (Photo by Ludovic MARIN / AFP)

European foreign policy chief Josep Borrell said on Monday that the Middle East was close to seeing the conflict expanding into Lebanon just days after Lebanon's Iran-backed Hezbollah threatened EU member Cyprus.

"The risk of this war effecting the south of Lebanon and spilling over is every day bigger," Borrell told reporters ahead of a foreign ministers meeting in Luxembourg. "We are on the eve of the war expanding."

The head of Lebanon's Hezbollah, Hassan Nasrallah, said on Wednesday that nowhere in Israel would be safe if a full-fledged war breaks out between the two foes, and also threatened EU member Cyprus for the first time and other parts of the Mediterranean.

"The Cypriot government must be warned that opening Cypriot airports and bases for the Israeli enemy to target Lebanon means that the Cypriot government has become part of the war and the resistance (Hezbollah) will deal with it as part of the war," Nasrallah added.

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US Imposes Sanctions on Yemen Bank, Citing Support to Houthis

Signage is seen at the United States Department of the Treasury headquarters in Washington, DC, US, August 29, 2020. (Reuters)
Signage is seen at the United States Department of the Treasury headquarters in Washington, DC, US, August 29, 2020. (Reuters)
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US Imposes Sanctions on Yemen Bank, Citing Support to Houthis

Signage is seen at the United States Department of the Treasury headquarters in Washington, DC, US, August 29, 2020. (Reuters)
Signage is seen at the United States Department of the Treasury headquarters in Washington, DC, US, August 29, 2020. (Reuters)

The United States unveiled sanctions Thursday on a Yemen bank, including its key leaders, citing its support for Houthi militants in that country.

The designation of the International Bank of Yemen (IBY) complements a government effort "to stop Iran-backed Houthi attacks against commercial shipping in the Red Sea," said the US Treasury Department.

The Houthis launched an armed coup in 2014, seizing control of the capital Sanaa and other several provinces.

Since November 2023, the Houthis have targeted shipping lanes using missiles and drones in what they say is solidarity with Palestinians in Gaza, where a brutal war has raged since October that year.

"Financial institutions like IBY are critical to the Houthis' efforts to access the international financial system and threaten both the region and international commerce," said Deputy Treasury Secretary Michael Faulkender in a statement.

The official said the US government was "committed to working with the internationally recognized government of Yemen."

Thursday's action follows a designation in January of the Yemen Kuwait Bank for Trade and Investment.

In a separate statement, the US State Department added that Washington was "committed to disrupting Houthi financial networks and banking access."

Besides the IBY, key leaders targeted in Thursday's actions are Kamal Hussain Al Jebry, Ahmed Thabit Noman Al-Absi and Abdulkader Ali Bazara, the Treasury Department said.

As a result of sanctions, property and interests in property of designated individuals in the United States are blocked and must be reported.