US imposes new Hezbollah sanctions targeting gold exchange firm
AI Summary
In February 2026, the United States imposed sanctions on Jood SARL, a Lebanese gold firm, for allegedly assisting Hezbollah in converting gold reserves into usable funds. The Trump administration aims to cut off Hezbollah's access to the global financial system, accusing the group of threatening peace in the Middle East. According to the US Treasury, Jood SARL operates under al-Qard al-Hassan (AQAH), a sanctioned Hezbollah-linked entity. The Treasury also sanctioned individuals and shipping companies allegedly generating revenue for Hezbollah. These actions occur amid record high gold prices and ongoing tensions, with Hezbollah rejecting the sanctions as harmful to the Lebanese economy and civilians.
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