Summary
The United States, under President Donald Trump, has placed sanctions on a Lebanese gold firm linked to Hezbollah. The sanctions aim to cut off Hezbollah’s funding by targeting the company that helps convert gold into money for the group. The U.S. accuses the firm of supporting Hezbollah amid ongoing conflicts and high gold prices.
Key Facts
- The U.S. sanctioned a Lebanese gold firm called Jood SARL, accusing it of ties to Hezbollah.
- Sanctions aim to disrupt Hezbollah’s financial resources by blocking the company’s assets in the U.S.
- Jood SARL is believed to work with al-Qard al-Hassan, a previously sanctioned financial service linked to Hezbollah.
- The U.S. Treasury claims that gold is being used to secure funds for Hezbollah.
- Sanctions apply to individuals and shipping companies associated with Hezbollah.
- Israel has engaged in military actions against Hezbollah in 2024, causing significant damage in Lebanon.
- Hezbollah continues to resist pressure from the Lebanese government and external countries to disarm.
- Tensions continue between Israel and Lebanon despite a claimed ceasefire, with numerous reported violations.
