Home World US hits Hezbollah with fresh sanctions, says Iran controls group
WorldSecurity

US hits Hezbollah with fresh sanctions, says Iran controls group

Share
US hits Hezbollah with fresh sanctions, says Iran controls group
Share

By Blessing Fali

The United States has imposed fresh sanctions on 10 individuals accused of being part of a financial network that transfers money to Hezbollah, while accusing the Lebanese armed group of operating under the control of Iran’s Islamic Revolutionary Guard Corps, IRGC.

The US Treasury Department said Hezbollah’s legal designation had been amended to state that the group operates in service of the Iranian regime and under the command of the IRGC’s elite Quds Force.

The newly sanctioned individuals allegedly include members of a network involved in moving large amounts of cash to Hezbollah through commercial flights, currency exchange houses and front companies across several countries. US officials said the network was designed to help Hezbollah obtain foreign currency while bypassing international sanctions.

Among those targeted is Turkish businessman Yunus Alper Yilmaz, whom US authorities accuse of managing the regional cash-smuggling operation.

The sanctions freeze any assets the targeted individuals may hold under US jurisdiction and prohibit US persons from conducting transactions with them.

Washington said the latest action is part of broader efforts to disrupt Hezbollah’s financing networks and weaken Iran’s regional influence.

The move comes amid heightened tensions involving the United States, Iran, Israel and Iran-backed groups across the Middle East.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

US Producer Inflation Jumps as Gasoline Prices Surge, While UK Chancellor Defends Banks

US producer prices accelerated sharply in September as soaring gasoline costs added...

Oil Tanker Shipping Costs Soar, Pushing Up Fuel and Food Prices Worldwide

The cost of transporting crude oil has surged sharply as the US-Iran...

NSCDC Arrests 39 Year Old Suspect Over MTN Telecom Mast Vandalism in Anambra.

The Nigeria Security and Civil Defence Corps (NSCDC), Anambra State Command, has...

US Toy Prices Climb Ahead of Holiday Season as Tariffs and Iran War Raise Costs

American consumers are facing higher toy prices ahead of the holiday shopping...