USA imposes sanctions on Hezbollah leadership

USA imposes sanctions on Hezbollah leadership

The US Department of the Treasury announced on Wednesday that it designated the leader of the Shia Muslim group Hezbollah, Sayyed Hassan Nasrallah for new sanctions as well as other individuals. "At a time when the United States government is trying to persuade Iran to end its support for terror groups in the Middle East, we do not believe it is helpful that Qatar continues to have ties with such organizations".

"Israeli snipers shoot over 2,000 unarmed Palestinian protestors on a single day", Mohammad Javad Zarif said in a tweet referring to protests and clashes in the Gaza Strip that killed some 60 people this week. Saudi response, on eve of Ramadhan? Collaboration with its US patron to sanction the first force to liberate Arab territory and shatter the myth of Israeli invincibility. "Shame upon shame", he said.

The TFTC was created to "expand and strengthen the seven member states' cooperation to counter the financing of terrorism by facilitating coordinated disruptive actions, sharing of financial intelligence information, and member state capacity-building to target terrorist financing networks and related activities that pose national security threats to TFTC members".

The deputy chief of Hezbollah, Sheik Naim Qassem, casts his ballot during Lebanon's parliamentary elections in Beirut, Lebanon, May 6, 2018. The announcement followed two USA moves in the past week to put pressure on Iran's financial networks, including sanctions announced on Tuesday that aimed at an alleged financial pipeline that moved "hundreds of millions of dollars" from Iran's central bank through an Iraqi bank to Hezbollah. They also prohibit US citizens and organizations from certain dealings with the designees, and largely prevent them from accessing the USA -dominated global banking sector.

Oil Rises to New Three-Year Highs
If the political prospects improve in countries like Venezuela, Libya, South Sudan, and Iran, prices will fall even lower. U.S. crude inventories C-STK-T-EIA dropped by 1.4 million barrels in the week to May 11, to 432.34 million barrels.

Saudi Arabia, the United Arab Emirates, Qatar, Bahrain, Oman and Kuwait noted that the basis of their actions rests as its own legislation on the fight against terror, and the relevant resolutions of the United Nations.

Five members of the Hezbollah Shura Council were also designated as terrorists.

Israel claims that Hamas, which rules the Strip and openly calls for Israel's destruction, was spurring the violence and using it as cover for attacks.

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