US designates Hezbollah an Iranian proxy, sanctions funding network
The US Treasury labels Lebanon-based group ‘an extension’ of the IRGC’s Quds Force and takes aim at financing. The United States has changed its designation of Hezbollah to that of an Iranian proxy and announced sanctions against an alleged funding network.
Why It Matters
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Key Facts
- Fact 1: The US designated Hezbollah as a “foreign terrorist organization” in 1997, then updated its label to a “specially designated global terrorist” group in 2001.
- Fact 2: The new restrictions target 10 people who are allegedly part of a network that transfers cash to the armed group, the Treasury statement said.
- Fact 3: Israel responded with a heavy air campaign and ground invasion that Lebanese authorities say have killed more than 4,300 people.
- Fact 4: Despite the talks having brokered two truce agreements – on June 4 and 26 – the hostilities continue, and Israeli troops remain inside Lebanon.
The US Treasury labels Lebanon-based group ‘an extension’ of the IRGC’s Quds Force and takes aim at financing. The United States has changed its designation of Hezbollah to that of an Iranian proxy and announced sanctions against an alleged funding network.
The re-designation of the Lebanon-based armed group and sanctioning of the financing network, which the US Treasury linked to Iran’s Islamic Revolutionary Guard Corps (IRGC), was announced on Thursday. ‘Tremendous costs’: Can Trump stop other countries from trading with Iran? How China and Russia could hobble Trump’s plans to isolate Iran US Treasury secretary says new economic measures will ‘collapse’ Iran The move comes as the US prepares economic measures which it says will crush Iran’s economy and “collapse” the “regime” in Tehran.
(Original synthesis pending human/AI review — generated by the stub provider by selecting real sentences from the source material, not by writing new analysis or commentary.)
Original source: Al Jazeera
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