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Report: Iran funnels oil profits to Hezbollah through Dubai

image sourced from original article at https://www.israelnationalnews.com/news/418486

Iran has reportedly funneled hundreds of millions of dollars to Hezbollah over the past year, using money laundering operations based in Dubai. The Wall Street Journal revealed that profits from Iranian oil sales are moved through exchange shops, private companies, and couriers linked to Iran, before being transferred to Lebanon via informal brokers. This method replaces previous direct cash transfers through Beirut airport, which were largely stopped after a ceasefire agreement in November 2024. United Arab Emirates officials say they are working to curb these activities and are cooperating with international partners. Arab officials also noted that Hezbollah continues to receive funds from global sources, including the drug and diamond trade.

Original article source: https://www.israelnationalnews.com/news/418486
Source Id: 8976014498

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