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U.S. Broadens Sanctions Against Hezbollah, ‘Iran’s Primary Proxy’

  • Official says Iran gives Hezbollah $700 million a year
  • Treasury announces sanctions on six people, seven entities
Women wave a Lebanese national flag and Lebanese Shiite movement Hezbollah flags in front of portraits of Iran's supreme leader Ayatollah Ali Khamenei (R) and Hezbollah leader Hassan Nasrallah, in the southern Lebanese town of Bint Jbeil on August 13, 2016.

Photographer: Mahmoud Zayyat/AFP via Getty Images

The U.S. Treasury broadened sanctions on Friday targeting Hezbollah’s financial network in the Middle East and Africa in a bid to crack down on revenue streams the U.S. says the group uses to fund terrorist activities.

Hezbollah, which the U.S. says has financed terrorism in Syria and Yemen, depends on its ally Iran for more than $700 million a year, said an administration official who spoke on condition of anonymity. Treasury levied sanctions against six individuals and seven entities the U.S. says are tied to the group, according to a statement released Friday.