Connect with us

Hi, what are you looking for?

Economy

Iran smuggled $1B to Hezbollah this year despite US sanctions, Treasury official says

The Iranian regime has managed to smuggle at least $1 billion to its terrorist proxy Hezbollah in Lebanon despite heavy sanctions this year, top officials at the U.S. Treasury Department say.

John Hurley, the undersecretary for terrorism and financial intelligence, says Iran remains committed to its proxy groups throughout the Middle East. Nevertheless, he says there is any opportunity to cut off the funding streams while Iran is in its current weakened state.

‘There’s a moment in Lebanon now. If we could get Hezbollah to disarm, the Lebanese people could get their country back,’ Hurley said.

‘Even with everything Iran has been through, even with the economy not in great shape, they’re still pumping a lot of money to their terrorist proxies,’ he continued.

‘The key to that is to drive out the Iranian influence and control that starts with all the money that they are pumping into Hezbollah,’ he argued.

Hurley pushed for the increased pressure campaign during a tour of Turkey, Lebanon, the United Arab Emirates and Israel this weekend.

Western nations have already laid down heavy sanctions on Tehran over its unwillingness to negotiate a nuclear deal. The regime insists its nuclear development program exists solely for civilian purposes.

President Donald Trump ordered bombings on Iran’s key nuclear cites earlier this year in Operation Midnight Hammer, which U.S. officials say succeeded in crippling Tehran’s progress toward a bomb.

Iran has nevertheless continued its efforts to spread chaos across the globe. U.S. officials say they, along with Israel and Mexico, thwarted an Iran-backed attempt to assassinate Israel’s ambassador to Mexico earlier this year.

‘We thank the security and law enforcement services in Mexico for thwarting a terrorist network directed by Iran that sought to attack Israel’s ambassador in Mexico,’ Israel’s foreign ministry told Fox News on Friday.

‘The Israeli security and intelligence community will continue to work tirelessly, in full cooperation with security and intelligence agencies around the world, to thwart terrorist threats from Iran and its proxies against Israeli and Jewish targets worldwide.’

A U.S. official told Reuters the plot targeting ambassador Einat Kranz Neiger ‘was contained and does not pose a current threat.’

Fox News’ Greg Norman and Reuters contributed to this report.

This post appeared first on FOX NEWS
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    Former independent presidential candidate Robert F. Kennedy Jr. is back in the headlines — not for suspending his campaign last week and endorsing Republican...

    Editor's Pick

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

    Stock

    Warner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter. It marked the biggest quarterly growth for...

    Investing

    Overview Rua Gold (CSE:RUA,OTC:NZAUF,WKN:A4010V,OTCQB:NZAUF) is a gold exploration company focused on two prolific, historic gold-producing regions in New Zealand: Hauraki Goldfield and Reefton Goldfield....

    Disclaimer: wisetradeinvesting.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.