US sanctions squeezing Iran-backed Hezbollah in Lebanon
BEIRUT (AP) — The Iran-U.S. conflict that has created tensions throughout much of the Mideast is now also being felt in Lebanon, where Washington has slapped sanctions on the Iran-backed Hezbollah and warned they could soon expand to its allies, further deepening the tiny Arab country’s economic crisis.
The Trump administration has intensified sanctions on the Lebanese militant group and those linked to it to unprecedented levels, targeting lawmakers for the first time as well as a local bank Washington says has ties to the group.
Two U.S. officials visited Beirut in September and warned the sanctions will increase to deprive Hezbollah of its sources of income. The push is further adding to Lebanon’s severe financial and economic crisis, with Lebanese officials warning the country’s economy and banking sector can’t take the pressure.