US Treasury reclassifies Hezbollah as terrorist group, announces new sanctions
The US Treasury has reclassified Hezbollah as a terrorist group linked to Iran’s Quds Force and imposed new sanctions targeting Iran-related entities.
Key Takeaways
AIThe US Treasury Department has reclassified Hezbollah as a terrorist organization linked to the Quds Force of Iran’s Islamic Revolutionary Guard Corps, as part of a new package of sanctions targeting entities and individuals connected to Iran.
The US sanctions include seven individuals associated with Hezbollah and three others linked to the Quds Force, as well as 21 people and 16 companies with ties to Iran.
The Treasury also added 10 ships to the sanctions list, stating they are connected to Iran. The measures further target intermediaries accused of transferring hundreds of millions of dollars between Lebanon, Turkey, the UAE, and Iran on behalf of Hezbollah.
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These actions are part of ongoing US sanctions imposed on Iran and its affiliates.