US Imposes Sanctions on Hezbollah Oil Smuggling Network
The Biden administration targets individuals, companies, and vessels involved in funding the militant group through illicit oil and LPG shipments.
- The sanctions affect three individuals, five companies, and two vessels linked to Hezbollah's oil and LPG smuggling operations.
- The targeted network reportedly facilitated shipments to the Syrian government, generating millions of dollars for Hezbollah.
- Key figures sanctioned include a senior leader of Hezbollah's finance team and Lebanese businessmen involved in smuggling and energy deals.
- The sanctioned entities include the Heavy Oil Distribution Company S.A.L. and its subsidiaries, as well as tankers Alpha Gas and Marina.
- US officials emphasize the sanctions aim to disrupt Hezbollah's financial network and curb its regional destabilizing activities, including attacks on Israel.