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Israeli Strikes Seek to Cripple Hezbollah’s Shadow State
Smoke billows over Beirut’s southern suburbs after an Israeli strike, amid the ongoing hostilities between Hezbollah and Israeli forces, as seen from Hadath, Lebanon October 19, 2024. Photo: REUTERS/Mohamed Azakir
JNS.org – Overnight on Monday, the Israeli Air Force launched a series of targeted strikes on branches and sites of the Al-Qard Al-Hassan financial association, which acts as a Hezbollah-run bank and forms the basis for the group’s shadow state in Lebanon. The goal of the strikes was to dismantle the economic network that funds the Iranian proxy army and makes Shi’ite Lebanese dependent on it.
This is part of a broader strategy aimed at disrupting Hezbollah’s ability to rearm and weakening its stranglehold on the Lebanese population.
According to a senior Israeli intelligence official on Oct. 20, the Al-Qard Al-Hassan faux bank “allows the whole economic functionality of the organization, whether it’s paying the salaries to the various operatives or just the daily payments they have to make for all kinds of things.”
Al-Qard Al-Hassan works similarly to a regular bank, with people arriving to conduct transactions, withdraw money, deposit funds, or take loans, “but actually it’s not a bank at all,” said the official. “And it’s disconnected completely from the international SWIFT mechanism … in order to avoid sanctions.”
In addition to paying terrorist salaries, Al-Qard Al-Hassan also provides services to Lebanese Shi’ites for a range of Hezbollah-funded programs, serving around 300,000 people and acting as an alternative banking system disconnected from the Lebanese financial system. “And it’s run completely by Hezbollah,” said the intelligence official, adding that until his elimination on September 27, the chief decision-maker at the bank was Hezbollah chief Hassan Nasrallah.
Most of Hezbollah’s funds were kept in Al-Qard Al-Hassan facilities, including the money of civilians who used the bank’s services.
“We know for a fact that Hezbollah is counting on this money, whether its their own money or the money of the civilians who put their money in this association, to fund the organization in emergency times, and now, during war, when they need to rearm themselves, re-equip themselves, they have a lot more payments to make,” the official said.
Lebanese Shi’ites, rather than use Lebanon’s official banking systems, placed their money in Hezbollah’s association, giving it control over most of the community and enabling it to run an alternative civilian system in Lebanon, which was also used to fund a shadow healthcare and education system.
This shadow economic system is one of the reasons Lebanon can’t get out of the economic crisis it’s in, the official explained.
“We know that the economic situation in Lebanon is perhaps one of the worst economic crises that there has been over the past 100 years, in modern times,” he said.
The official detailed the financial sources that keep Hezbollah afloat, noting that Iran provides around $50 million monthly to Hezbollah via Syria. Some of this money is transferred physically in cash, while other funds come through sales of Iranian oil to Syria, which are converted into cash in Syria before being funneled to Lebanon.
“Diplomatic figures” also arrive at Beirut’s international airport carrying cash, the source said.
This steady flow of Iranian funds enables Hezbollah to pay salaries and finance its day-to-day activities.
In addition to Iranian funding, the intelligence official outlined other sources of income for Hezbollah. The organization has been developing economic initiatives within Lebanon, establishing businesses aimed at creating self-sustaining economic streams.
Although these ventures currently contribute a smaller share to Hezbollah’s budget, they represent a growing part of its financial base. Moreover, fundraising efforts by prominent Hezbollah figures, though less significant, also supplement the organization’s income.
The Israeli strikes overnight Sunday aimed to undercut these funding streams.
According to IDF Arabic language Spokesperson Col. Avichay Adraee, who made a statement on Oct. 20 via X, these strikes were necessary because “Hezbollah’s terrorist activities are funded by the Iranian state budget,” and the Al-Qard Al-Hassan Association acts as a “cover for Hezbollah’s terrorist assets.”
Adraee stressed that these financial networks directly contribute to Hezbollah’s ability to acquire weapons, establish launch positions, and pay its operatives. Israel’s strikes aimed to dismantle this infrastructure to undermine Hezbollah’s ability to continue financing its war efforts.
The Alma Research Center, which monitors northern fronts, highlighted that Al-Qard Al-Hassan has functioned as Hezbollah’s de facto bank since its founding in 1981.
The Center noted on Oct. 20 that Al-Qard Al-Hassan holds tons of gold and manages over half a billion dollars in loans annually. Over time, the institution has also become a tool for money laundering, allowing Hezbollah to bypass international sanctions, according to Alma. In fact, in 2021 the bank’s databases were hacked, revealing a trove of customer accounts, including those of Hezbollah operatives under sanctions, it added.
This parallel financial network has allowed Hezbollah to function as a state within a state in Lebanon, and its elimination will seriously damage the terror group.
The post Israeli Strikes Seek to Cripple Hezbollah’s Shadow State first appeared on Algemeiner.com.
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Iran, US Task Experts to Design Framework for a Nuclear Deal, Tehran Says
Atomic symbol and USA and Iranian flags are seen in this illustration taken, September 8, 2022. Photo: REUTERS/Dado Ruvic/Illustration/File Photo
Iran and the United States agreed on Saturday to task experts to start drawing up a framework for a potential nuclear deal, Iran’s foreign minister said, after a second round of talks following President Donald Trump’s threat of military action.
At their second indirect meeting in a week, Foreign Minister Abbas Araqchi negotiated for almost four hours in Rome with Trump’s Middle East envoy Steve Witkoff, through an Omani official who shuttled messages between them.
Trump, who abandoned a 2015 nuclear pact between Tehran and world powers during his first term in 2018, has threatened to attack Iran unless it reaches a new deal swiftly that would prevent it from developing a nuclear weapon.
Iran, which says its nuclear program is peaceful, says it is willing to discuss limited curbs to its atomic work in return for lifting international sanctions.
Speaking on state TV after the talks, Araqchi described them as useful and conducted in a constructive atmosphere.
“We were able to make some progress on a number of principles and goals, and ultimately reached a better understanding,” he said.
“It was agreed that negotiations will continue and move into the next phase, in which expert-level meetings will begin on Wednesday in Oman. The experts will have the opportunity to start designing a framework for an agreement.”
The top negotiators would meet again in Oman next Saturday to “review the experts’ work and assess how closely it aligns with the principles of a potential agreement,” he added.
Echoing cautious comments last week from Supreme Leader Ali Khamenei, he added: “We cannot say for certain that we are optimistic. We are acting very cautiously. There is no reason either to be overly pessimistic.”
There was no immediate comment from the US side following the talks. Trump told reporters on Friday: “I’m for stopping Iran, very simply, from having a nuclear weapon. They can’t have a nuclear weapon. I want Iran to be great and prosperous and terrific.”
Washington’s ally Israel, which opposed the 2015 agreement with Iran that Trump abandoned in 2018, has not ruled out an attack on Iran’s nuclear facilities in the coming months, according to an Israeli official and two other people familiar with the matter.
Since 2019, Iran has breached and far surpassed the 2015 deal’s limits on its uranium enrichment, producing stocks far above what the West says is necessary for a civilian energy program.
A senior Iranian official, who described Iran’s negotiating position on condition of anonymity on Friday, listed its red lines as never agreeing to dismantle its uranium enriching centrifuges, halt enrichment altogether or reduce its enriched uranium stockpile below levels agreed in the 2015 deal.
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Hamas Says Fate of US-Israeli Hostage Unknown After Guard Killed in Israel Strike
Varda Ben Baruch, the grandmother of Edan Alexander, 19, an Israeli army volunteer kidnapped by Hamas, attends a special Kabbalat Shabbat ceremony with families of other hostages, in Herzliya, Israel October 27, 2023 REUTERS/Kuba Stezycki
Hamas said on Saturday the fate of an Israeli dual national soldier believed to be the last US citizen held alive in Gaza was unknown, after the body of one of the guards who had been holding him was found killed by an Israeli strike.
A month after Israel abandoned the ceasefire with the resumption of intensive strikes across the breadth of Gaza, Israel was intensifying its attacks.
President Donald Trump’s envoy Steve Witkoff said in March that freeing Edan Alexander, a 21-year-old New Jersey native who was serving in the Israeli army when he was captured during the Oct. 7, 2023 attacks that precipitated the war, was a “top priority.” His release was at the center of talks held between Hamas leaders and US negotiator Adam Boehler last month.
Hamas had said on Tuesday that it had lost contact with the militants holding Alexander after their location was hit in an Israeli attack. On Saturday it said the body of one of the guards had been recovered.
“The fate of the prisoner and the rest of the captors remains unknown,” said Hamas armed wing Al-Qassam Brigades’ spokesperson Abu Ubaida.
“We are trying to protect all the hostages and preserve their lives … but their lives are in danger because of the criminal bombings by the enemy’s army,” Abu Ubaida said.
The Israeli military did not respond to a Reuters request for comment.
Hamas released 38 hostages under the ceasefire that began on January 19. Fifty-nine are still believed to be held in Gaza, fewer than half of them still alive.
Israel put Gaza under a total blockade in March and restarted its assault on March 18 after talks failed to extend the ceasefire. Hamas says it will free remaining hostages only under an agreement that permanently ends the war; Israel says it will agree only to a temporary pause.
On Friday, the Israeli military said it hit about 40 targets across the enclave over the past day. The military on Saturday announced that a 35-year-old soldier had died in combat in Gaza.
NETANYAHU STATEMENT
Late on Thursday Khalil Al-Hayya, Hamas’ Gaza chief, said the movement was willing to swap all remaining 59 hostages for Palestinians jailed in Israel in return for an end to the war and reconstruction of Gaza.
He dismissed an Israeli offer, which includes a demand that Hamas lay down its arms, as imposing “impossible conditions.”
Israel has not responded formally to Al-Hayya’s comments, but ministers have said repeatedly that Hamas must be disarmed completely and can play no role in the future governance of Gaza. Israeli Prime Minister Benjamin Netanyahu is scheduled to give a statement later on Saturday.
Hamas on Saturday also released an undated and edited video of Israeli hostage Elkana Bohbot. Hamas has released several videos over the course of the war of hostages begging to be released. Israeli officials have dismissed past videos as propaganda.
After the video was released, Bohbot’s family said in a statement that they were “deeply shocked and devastated,” and expressed concern for his mental and physical condition.
“How much longer will he be expected to wait and ‘stay strong’?” the family asked, urging for all of the 59 hostages who are still held in Gaza to be brought home.
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Oman’s Sultan to Meet Putin in Moscow After Iran-US Talks
FILE PHOTO: Sultan Haitham bin Tariq al-Said gives a speech after being sworn in before the royal family council in Muscat, Oman January 11, 2020. Photo: REUTERS/Sultan Al Hasani/File Photo
Oman’s Sultan Haitham bin Tariq al-Said is set to visit Moscow on Monday, days after the start of a round of Muscat-mediated nuclear talks between the US and Iran.
The sultan will hold talks with Russian President Vladimir Putin on Tuesday, the Kremlin said.
Iran and the US started a new round of nuclear talks in Rome on Saturday to resolve their decades-long standoff over Tehran’s atomic aims, under the shadow of President Donald Trump’s threat to unleash military action if diplomacy fails.
Ahead of Saturday’s talks, Iranian Foreign Minister Abbas Araqchi met his Russian counterpart Sergei Lavrov in Moscow. Following the meeting, Lavrov said Russia was “ready to assist, mediate and play any role that will be beneficial to Iran and the USA.”
Moscow has played a role in Iran’s nuclear negotiations in the past as a veto-wielding U.N. Security Council member and signatory to an earlier deal that Trump abandoned during his first term in 2018.
The sultan’s meetings in Moscow visit will focus on cooperation on regional and global issues, the Omani state news agency and the Kremlin said, without providing further detail.
The two leaders are also expected to discuss trade and economic ties, the Kremlin added.
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