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You are here: Home / News / Israel Targets Hezbollah’s Financial Arm with Airstrikes in Beirut

Israel Targets Hezbollah’s Financial Arm with Airstrikes in Beirut

Dated: October 21, 2024

Israel has launched a series of airstrikes on Beirut, targeting Hezbollah’s financial operations. The military action comes amid escalating tensions in the region, with significant implications for both local civilians and the broader geopolitical landscape.

Key Takeaways

  • Israel’s military strikes focus on Hezbollah’s financial unit, al-Qard al-Hassan.
  • Evacuation warnings issued for southern Beirut and surrounding areas.
  • Civilian casualties and infrastructure damage reported amid ongoing conflict.

Background of the Conflict

The recent airstrikes are part of a broader military campaign by Israel against Hezbollah, a Lebanon-based militant group backed by Iran. The conflict has intensified over the past year, particularly following the outbreak of war in Gaza last month. Israel’s military has stated that it will target a "large number of targets" associated with Hezbollah’s financial operations, specifically al-Qard al-Hassan, which is used to fund the group’s activities.

Details of the Airstrikes

  • Location: The strikes primarily affected the Dahiyeh area, a southern suburb of Beirut known for its dense population and strong Hezbollah presence.
  • Targets: Al-Qard al-Hassan, a nonprofit organization that provides financial services, is at the center of Israel’s military focus. The organization is sanctioned by the U.S. and Saudi Arabia and is crucial for Hezbollah’s funding.
  • Evacuations: Residents in southern Beirut and parts of the Bekaa Valley received evacuation warnings as explosions rocked the area. Reports indicate that the strikes also occurred near Lebanon’s only airport, although it remained operational.

Reactions and Consequences

The airstrikes have drawn mixed reactions from various stakeholders:

  • Hezbollah’s Response: The organization condemned the strikes, labeling them a sign of Israel’s desperation. They assured their customers that measures were in place to protect their funds.
  • Civilian Impact: The Lebanese army reported that three soldiers were killed in an Israeli strike, highlighting the risks to non-combatants amid the ongoing military operations.
  • International Concerns: U.S. Defense Secretary Lloyd Austin expressed concern over civilian casualties in Lebanon, urging Israel to reconsider its military strategy, particularly in urban areas.

Broader Implications

The conflict between Israel and Hezbollah is not just a local issue; it has significant regional implications. The ongoing violence has the potential to destabilize Lebanon further, a country already grappling with economic challenges and political instability. The involvement of external powers, such as Iran and the U.S., complicates the situation, as both nations have vested interests in the outcome of the conflict.

Conclusion

As Israel continues its military operations against Hezbollah, the situation remains fluid and precarious. The targeting of financial institutions marks a new phase in the conflict, raising questions about the future of Lebanon and the broader Middle East. The international community watches closely, hoping for a resolution that prioritizes civilian safety and regional stability.

Sources

  • Israel launches airstrikes on Beirut, saying it’s targeting Hezbollah’s financial arm : NPR, NPR.
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