• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Israel begins strikes against Lebanon targeting Hezbollah financial assets

by October 20, 2024
written by October 20, 2024

The Israeli Defense Forces began conducting 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 were intended to 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. 

‘I emphasize here—anyone located near sites used to fund Hezbollah’s terror activities must move away from these locations immediately,’ Hagari said. ‘We will strike several targets in the coming hours and additional targets throughout the night. In the coming days, we will reveal how Iran funds Hezbollah’s terror activities by using civilian institutions, associations, and NGOs that act as fronts for terrorism. We will carry out these strikes tonight and provide updates on the results in the next days.’

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 post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

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

related articles

Recess on ice as Republicans hunker down for...

August 1, 2025

Trump moves nuclear submarines weeks after praising sub’s...

August 1, 2025

WATCH: Trump says he is hopeful Hillary Clinton...

August 1, 2025

Iran says it has ‘plenty of scientists’ left...

August 1, 2025

Trump endorses ‘MAGA warrior’ for RNC chairman after...

August 1, 2025

Trump repositions 2 nuclear submarines after ‘highly provocative’...

August 1, 2025

Kavanaugh cites 3 presidents in explaining Supreme Court’s...

August 1, 2025

China’s growing nuclear arsenal aims to break US...

August 1, 2025

Trump ally Bukele’s party amends El Salvador constitution...

August 1, 2025

Trump takes jab at GOP senator, urging Republicans...

August 1, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Political betting markets still have plenty of action despite end of election season

    November 29, 2024
  • Nifty and German 40: Nifty still dominates above 24600.00

    July 16, 2024
  • BP shares decline following weak Q1 gas trading forecast and rising debt

    April 11, 2025
  • Dollar General is shaking off tariff fears and winning over higher-income consumers

    June 4, 2025
  • EURUSD and GBPUSD: the pound drops to a weekly low

    August 30, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,602)
  • Investing (634)
  • Stock (867)

Latest Posts

  • Puerto Rico permits nonbinary gender marker on birth certificates in landmark court decision

    June 3, 2025
  • HMPV virus 2025 latest update: India ramps up surveillance as cases hit seven, experts urge China to share data

    January 7, 2025
  • Ratcliffe shrugs off concerns about potential threat of fired agents armed with CIA’s secrets

    February 26, 2025

Recent Posts

  • Warren Buffett’s Berkshire Hathaway sold nearly half its stake in Apple

    August 5, 2024
  • Trump moves nuclear submarines weeks after praising sub’s power in Iran strikes

    August 1, 2025
  • Biden awkwardly stands in back of APEC photo with China’s Xi Jinping front and center

    November 17, 2024

Editor’s Pick

  • Advancements in lithium-ion batteries: Scientists make game-changing breakthrough

    July 18, 2024
  • Iran doubles down on refusal to end nuclear program, ready for war with Israel

    July 23, 2025
  • McDonald’s announces plan to hire 375,000 employees this summer

    May 13, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.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 © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock