The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

Politics

Israel to strike Lebanon targeting Hezbollah financial assets

by admin October 21, 2024
October 21, 2024
Israel to strike Lebanon targeting Hezbollah financial assets

The Israeli Defense Forces is expected to conduct airstrikes against Lebanon late Sunday targeting financial institutions linked to the Iran-backed militant group Hezbollah.

Fox News’ Trey Yingst in Israel reports the strikes will specifically target al-Qard al-Hassan ‘all over Lebanon.’ Al-Qard al-Hassan is a unit in Hezbollah to fund terrorist activities like paying operatives and buying arms. 

The registered nonprofit is sanctioned by both the U.S. and Saudi Arabia, provides financial services and is also used by Lebanese civilians. 

The IDF issued evacuation orders for civilians close to these financial institutions. IDF spokesman Rear Admiral Daniel Hagari said the strikes will be widespread, targeting not just financial centers in Beirut, but also other Hezbollah strongholds in Lebanon. 

Fox News is told the goal is to strike at the heart of Hezbollah’s financial support for the conflict with Israel, which has been ongoing since October 2023, the month Hamas militants stormed into Israel, killing nearly 1,200 and taking hundreds more as hostages. 

A senior intelligence official indicated earlier Sunday that not all of Hezbollah’s money is being held in these financial institutions, but it’s expected to inflict significant damage on the group’s economic abilities. 

The official noted that there are hundreds of thousands of Lebanese civilians – mostly Shias – who use this banking system, and there are a number of branches in Beirut expected to be targeted. 

A year of escalating tensions between Israel and Hezbollah over the war in Gaza turned into all-out war last month, and Israel sent ground troops into Lebanon early this month.

Israel’s announcement came a day after U.S. Defense Secretary Lloyd Austin called civilian casualties in Lebanon ‘far too high’ in the Israel-Hezbollah war, and urged Israel to scale back some strikes, especially in and around Beirut.

Iran supports the Lebanon-based Hezbollah, and the United States is investigating an unauthorized release of classified documents indicating that Israel was moving military assets into place for a military strike in response to Iran’s ballistic missile attack on Oct. 1, according to three U.S. officials. They spoke on condition of anonymity because they weren’t authorized to discuss the matter publicly.

This is a developing story. Check back for updates. 

This post appeared first on FOX NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
New ‘insulting’ Harris ad target’s Black men’s love lives
next post
Arab Americans sour on Democrats amid war in Middle East: Activist says Trump outreach has been ‘surreal’

Related Posts

Here’s what happened during Trump’s 12th week in...

April 13, 2025

Morning Glory: Why I Am Voting For Trump 

September 19, 2024

‘Sugar brother’ Kevin Morris loaned Hunter Biden $6.5M...

January 27, 2024

5 key numbers that will decide the 2024...

October 9, 2024

Trump watches strike on Iran-backed Houthis in Yemen...

March 17, 2025

Walz silent on support for eliminating Electoral College...

October 11, 2024

Epstein files debacle spurs new interest in contents...

March 1, 2025

‘Like a son’: Former top Biden adviser with...

June 7, 2024

Lawsuit tracker: New resistance battling Trump’s second term...

February 18, 2025

Israel launches 10,000th airstrike against Hamas, as Palestinians...

December 5, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (1,484)
    • Investing (3,794)
    • Politics (5,086)
    • World (4,762)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.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.

    Copyright © 2024 TheInvestmentWhisperer.com | All Rights Reserved