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

Israel to strike Lebanon targeting Hezbollah financial assets

by October 20, 2024
written by October 20, 2024

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 comment
0
FacebookTwitterPinterestEmail

previous post
Graham says Israel has window to ‘replace Hamas forever’ after Sinwar killing: ‘Door is now open’
next post
Arab Americans sour on Democrats amid war in Middle East: Activist says Trump outreach has been ‘surreal’

related articles

Donald Trump fires National Portrait Gallery director for...

May 30, 2025

Elon Musk sports black eye at farewell presser...

May 30, 2025

Biden says he could ‘beat the hell out...

May 30, 2025

‘American hero’ or ‘failure’: Elon Musk’s DOGE departure...

May 30, 2025

Unfinished Business: The budget cuts Musk couldn’t complete...

May 30, 2025

Alleged attempt to impersonate White House chief of...

May 30, 2025

Inside the late-night drama that led to Trump’s...

May 30, 2025

I’m a physician and I’m worried that our...

May 30, 2025

Trump denounces court’s ‘political’ tariff decision, calls on...

May 30, 2025

President Trump teases ‘last day, but not really’...

May 30, 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

  • Extreme heat makes flying harder. Airlines and airports say they aren’t sweating it.

    July 29, 2024
  • Hillary Clinton blasts Trump’s legal woes amid ‘lock him up’ chants in DNC speech: ‘Only cares about himself’

    August 20, 2024
  • Israeli defense minister orders IDF to plan for Gazans to leave in line with Trump’s controversial proposal

    February 6, 2025
  • ‘She’s really this dumb’: House Dem ripped after calling Trump ‘enemy of the United States’

    March 4, 2025
  • ‘Shark Tank’ alum Bombas taps former Under Armour exec as CEO as it looks beyond digital roots

    May 16, 2025

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

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

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

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

    July 19, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,731)
  • Investing (624)
  • Stock (775)

Latest Posts

  • Biden concludes foreign diplomacy in region where US influence overshadowed by China

    November 15, 2024
  • Intel shares plunge 28%, dragging down global chip stocks

    August 2, 2024
  • Trump, Harris have visited these states the most heading into Election Day

    November 4, 2024

Recent Posts

  • Top liquor distributor favored Costco and Kroger over small businesses, FTC says

    December 13, 2024
  • Lockheed Martin surpasses Q2 earnings estimates amid high demand for defense solutions

    July 23, 2024
  • Disney rolls out line-skipping park passes costing up to $449

    October 17, 2024

Editor’s Pick

  • What the Taylor Swift endorsement of Kamala Harris means for the November election

    September 11, 2024
  • Next Big Cryptocurrency: 2024 Top Picks

    July 26, 2024
  • White House yet to release visitor logs for month Biden dropped out of race

    November 20, 2024
  • 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