Trump administration vows to chop off Lebanese group ‘from the worldwide monetary system’ amid each day Israeli violations.
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The US has imposed sanctions on a gold agency in Lebanon that it accused of getting ties to Hezbollah as Washington pushes to choke off the group’s income streams.
The administration of US President Donald Trump blacklisted Jood SARL on Tuesday, saying the corporate helps convert Hezbollah’s “gold reserves into usable funds” to assist maintain efforts to rebuild itself after a series of deadly attacks.
Beneficial Tales
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“Hezbollah is a menace to peace and stability within the Center East,” US Treasury Secretary Scott Bessent mentioned in an announcement.
“Treasury will work to chop these terrorists off from the worldwide monetary system to provide Lebanon an opportunity to be peaceable and affluent once more.”
Hezbollah has lengthy rejected US sanctions, which it says contribute to the economic crisis in Lebanon and primarily hurt civilians.
The sanctions come at a time when gold prices have reached report highs, surpassing $5,000 per ounce.
The US Treasury mentioned Jood SARL works beneath al-Qard al-Hassan (AQAH), an already sanctioned Hezbollah-linked entity that gives monetary companies in Lebanon.
“After going through challenges all through early 2025 to safe funding, Hezbollah directed AQAH … to make sure the terrorist group’s continued entry to money stream,” the Treasury mentioned.
“Senior al-Qard al-Hassan officers established a sequence of corporations to commerce gold in Lebanon and doubtlessly abroad.”
‘Painful blows’
On Tuesday, the Treasury additionally imposed sanctions on a number of people and delivery corporations it mentioned assist generate income for Hezbollah.
The sanctions block the companies’ belongings within the US and customarily make it unlawful for US residents and corporations to have interaction in monetary transactions with them.
Israel delivered painful blows to Hezbollah in 2024, killing the group’s high army and political officers because the Israeli army invaded south Lebanon and turned many villages on the Lebanese aspect of the border into rubble.
Regardless of these setbacks, after the November 2024 ceasefire, Hezbollah offered thousands and thousands of {dollars} to pay for momentary housing for households whose properties had been destroyed within the Israeli assault.
Israel, which has launched daily attacks throughout Lebanon regardless of the truce, has been blocking the reconstruction of southern villages, stopping tens of hundreds of displaced individuals from returning to their cities.
Whereas piling up sanctions in opposition to Hezbollah, the US has not pressured Israel to cease its abuses in opposition to Lebanon.
Earlier this yr, the Lebanese Overseas Ministry submitted a complaint to the United Nations documenting 2,036 Israeli violations of the “ceasefire” within the closing three months of 2025.
In addition to exterior pressures from the US and Israel, Hezbollah faces a push by the Lebanese authorities to disarm the group.
Nonetheless, Hezbollah has rejected calls to surrender its weapons, arguing it has a proper to withstand what it describes as Israeli “expansionism”.
