US and Gulf states impose new sanctions on Hezbollah’s financial network

The U.S. Treasury Department, together with the six Gulf Cooperation Council members—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates—announced sanctions on five entities and 16 individuals linked to Hezbollah’s financial infrastructure. The designations target the organisations Al‑Qard Al‑Hassan and Bayt al‑Mal, which the Treasury described as the group’s unofficial treasury and a front‑NGO that provides banking‑like services, as well as three additional firms involved in accounting and auditing.

The measures aim to disrupt Hezbollah’s ability to move hundreds of millions of dollars through Lebanese and international banks, curb the use of exchange houses, gold trading and informal commercial channels, and protect the integrity of the global financial system. The sanctions follow a U.S.-brokered framework between Israel and Lebanon intended to limit Hezbollah’s presence in southern Lebanon.