US, Gulf Allies Sanction Hezbollah Financial Network

The U.S. Treasury said the Terrorist Financing Targeting Center, co-chaired by Washington and Riyadh, jointly designated five Hezbollah-linked financial institutions and 16 senior officials tied to Hezbollah's economic network. The action targets Al-Qard al-Hassan, Bayt al-Mal and other nodes that Treasury says help the Iranian-backed terror army move money, avoid sanctions and rebuild capacity in Lebanon. Gulf and regional reports carried the same designations, including coordination by Saudi Arabia, the UAE, Bahrain, Kuwait, Oman and Qatar. Financial warfare matters for Israel because Hezbollah's rockets, tunnels and border pressure depend on money as much as weapons.