Washington blocks Iran's financial routes

The United States has launched an extensive financial campaign targeting Iran's funding networks that extend across Iraq, Turkey, and Lebanon. The new sanctions focus especially on money transfer routes used by the Quds Force, affiliated with the Revolutionary Guard, to support armed groups such as Kata'ib Hezbollah and Hezbollah, through a network of gold trading companies, currency exchange offices, and other businesses operating outside the traditional banking system. The plan aims to dismantle the financing channels that rely on commercial settlements and cash transfers, thereby reducing Iran's ability to move funds quickly and making it more difficult for intermediaries to hide their activities. These measures come amid increasing American pressure on Iraq to review its financial relations and confront the funding of Iran-backed factions, with an emphasis on reducing reliance on informal funding networks and limiting the risk of sanctions spilling over into local financial institutions. Experts emphasize that the success of the campaign depends on how quickly banks and relevant countries respond by restricting accounts and transactions associated with these networks.

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