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Supporters of Yemen's Houthi rebels. Photo: Mohammed Huwais/AFP/Getty Images

The Treasury Department announced on Tuesday sanctions against five Iranian individuals who have played a part in providing the Houthis in Yemen with "ballistic missile-related technical expertise...on behalf of the Islamic Revolutionary Guard Corps-Qods Force."

Flashback: On Monday, Secretary of State Mike Pompeo said, "sanctions are going back in full effect and new ones are coming. ... We will track down Iranian operatives...and we will crush them." Behnam Ben Taleblu, research fellow at the Foundation for Defense of Democracies, told Axios this is "reflective of a brief uptick" in designations against Iran, and could "convince U.S. adversaries and allies alike that Washington will enforce the sanctions it has reimposed on Iran.”

Go deeper

Wall Street's own populist revolt

Data: FactSet; Chart: Axios Visuals

A popular rebellion, organized by the powerless against the powerful. It might have failed in Washington, but it certainly seems to be working on Wall Street.

Driving the news: The market value of GameStop closed at more than $10 billion on Tuesday, on record volume of more than $26 billion.

15 mins ago - Health

One year of the pandemic

One year ago today, a novel coronavirus was barely beginning to catch the public's eye. There were just over 2,000 confirmed cases worldwide, mostly in China, and five cases in the U.S.

The big picture: The sea of red says it all. Today, there have been over 100,000 cases worldwide, led by the U.S. with 25 million.

15 mins ago - Politics & Policy

Scoop: Mark Meadows' new gig

Mark Meadows at a Make America Great Again rally in October. Photo: Saul Loeb/AFP via Getty Images

Former White House chief of staff Mark Meadows is joining the Conservative Partnership Institute, a group run by former South Carolina Sen. Jim DeMint that operates as a "networking hub" for conservatives, sources familiar with his plans tell Axios.

Between the lines: Meadows, who is still in frequent contact with former President Trump and has been advising him ahead of his impeachment trial, will now operate behind the scenes to help create more members like Jim Jordan, Ted Cruz, and Josh Hawley — conservative firebrands with strong networks and staffs.