WASHINGTON: The United States on Tuesday imposed sanctions against a gold exchange it said facilitates Iranian financial support to Hezbollah, the Lebanese Shiite movement that has been battered by Israel.
The Treasury Department said the targeted gold exchange was part of Al-Qard Al-Hassan, a Hezbollah financial institution already under US sanctions and whose branches were bombed by Israel in 2024 strikes.
“Hezbollah is a threat to peace and stability in the Middle East,” Treasury Secretary Scott Bessent said in a statement.
“Treasury will work to cut these terrorists off from the global financial system to give Lebanon a chance to be peaceful and prosperous again.”
The Treasury Department imposed sanctions on the gold exchange, Jood Sarl, which it said “masquerades as a non-governmental organization” and is used to ensure Hezbollah’s cash flow from Iran.
