Israel Says More Strikes Are Coming against a Hezbollah-Run Financial Institution

Smoke billows over Beirut's southern suburbs after an Israeli strike, amid the ongoing hostilities between Hezbollah and Israeli forces, as seen from Baabda, Lebanon October 22, 2024. (Reuters)
Smoke billows over Beirut's southern suburbs after an Israeli strike, amid the ongoing hostilities between Hezbollah and Israeli forces, as seen from Baabda, Lebanon October 22, 2024. (Reuters)
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Israel Says More Strikes Are Coming against a Hezbollah-Run Financial Institution

Smoke billows over Beirut's southern suburbs after an Israeli strike, amid the ongoing hostilities between Hezbollah and Israeli forces, as seen from Baabda, Lebanon October 22, 2024. (Reuters)
Smoke billows over Beirut's southern suburbs after an Israeli strike, amid the ongoing hostilities between Hezbollah and Israeli forces, as seen from Baabda, Lebanon October 22, 2024. (Reuters)

Israel said late Monday it planned to carry out more strikes in Lebanon against a Hezbollah-run financial institution that it targeted the night before and which it says uses customers' deposits to finance attacks against Israel.

At least 15 branches of Al-Qard Al-Hasan were hit late Sunday in the southern neighborhoods of Beirut, across southern Lebanon and in the eastern Bekaa Valley, where Hezbollah has a strong presence. One strike flattened a nine-story building in Beirut with a branch inside it.

The Israeli military issued evacuation warnings ahead of the strikes, and there were no reports of casualties.

Associated Press journalists witnessed strikes late Monday in the coastal region of Ouzai, near Beirut’s airport, and Lebanon’s Health Ministry said an airstrike near Beirut’s largest public hospital killed four, including a child, and wounded 24. It was the first strike on the Lebanese capital in 10 days.

Israeli ground forces invaded Lebanon earlier this month. The military said it aims to push Hezbollah out of southern Lebanon so that tens of thousands of Israelis can return to their homes nearby after more than a year of cross-border rocket and drone attacks. Israeli airstrikes have pounded large areas of Lebanon for weeks, forcing over a million people to flee their homes.

Hezbollah has been launching rockets into Israel nearly every day since Hamas' deadly raid into Israel last year that sparked the war in Gaza.

The United States is hoping to revive diplomatic efforts to resolve both conflicts after the killing of Hamas leader Yahya Sinwar last week, but so far all sides appear to be digging in.

Hezbollah-run lender filled gaps left by Lebanon's troubled banks

The Arabic language spokesman for the Israeli military, Avichay Adraee, said — without providing evidence — that Hezbollah stores hundreds of millions of dollars in the branches of Al-Qard Al-Hasan and that the money is used to purchase arms and pay fighters. The strikes were aimed at preventing the group from rearming, he said.

The institution, which has more than 30 branches across Lebanon, tried to reassure customers, saying it had evacuated all branches and relocated gold and other deposits to safe areas.

Many customers are civilians unaffiliated with Hezbollah. Al-Qard Al-Hasan, which is sanctioned by the United States and Saudi Arabia, has long served as an alternative to Lebanon's banks, which have imposed restrictions on customers since a severe financial crisis that began in 2019.

Israeli military spokesperson Rear Adm. Daniel Hagari said late Monday that Israel planned more strikes on Al-Qard al-Hasan.

Hagari said Iran funds Hezbollah by sending cash and gold to the Iranian embassy in Beirut, though he did not provide any evidence.

Hagari also said, without providing evidence, that Israeli intelligence had discovered a bunker belonging to former Hezbollah leader Hassan Nasrallah that is now being used as a vault under a hospital in southern Beirut. He said it held millions of dollars of gold and cash.

A member of Lebanon’s parliament who is the director of the hospital, Fadi Alameh, denied the claim, and said the hospital has underground operation rooms. Alameh said the hospital was being evacuated in anticipation of strikes.

Hagari said Israeli strikes in Beirut in early October and in Syria on Monday had also killed people responsible for transferring money between Iran and Hezbollah. Syrian state media said an Israeli airstrike hit a car in the capital of Damascus, killing two people and wounding three.

Israeli airstrikes killed 17 people in Lebanon on Monday, including four first responders, according to the country's health ministry. The Israeli military said Hezbollah fired 170 projectiles into Israel on Monday.



Iraq Lodges UN Complaint over Israel Using its Airspace to Attack Iran

A general view of Tehran after several explosions were heard, in Tehran, Iran, October 26, 2024. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
A general view of Tehran after several explosions were heard, in Tehran, Iran, October 26, 2024. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
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Iraq Lodges UN Complaint over Israel Using its Airspace to Attack Iran

A general view of Tehran after several explosions were heard, in Tehran, Iran, October 26, 2024. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
A general view of Tehran after several explosions were heard, in Tehran, Iran, October 26, 2024. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS

Iraq has condemned Israel's use of its airspace to attack neighboring Iran in a protest letter sent to United Nations chief Antonio Guterres and the UN Security Council, Baghdad said Monday.
A statement from government spokesman Bassim Alawadi said the letter condemns "the Zionist entity's blatant violation of Iraq's airspace and sovereignty by using Iraqi airspace to carry out an attack on the Islamic Republic of Iran on October 26".
Alawadi said the Iraqi foreign ministry would also bring up "this violation" in talks with the United States, Israel's close ally and top arms provider.
Israel on Saturday launched air strikes on military sites in Iran, risking further regional escalation more than a year into the Gaza war and a month into the Israel-Hezbollah war in Lebanon.
The Israeli raid was in retaliation to an Iranian missile attack on October 1, itself retaliation for the killing of Iran-backed militant leaders and a Revolutionary Guards commander.
The Iranian military said that some Israeli aircraft had fired a "small number of long-range missiles... from a distance", inside the US-patrolled airspace of Iraq.
Baghdad has close ties with Tehran but also a strategic partnership with Washington, which has troops in Iraq as part of an international coalition.
While the Iraqi government has sought to avoid being dragged into the escalating regional conflict, some pro-Iran factions have launched attacks on US forces in the region and claimed responsibility for drones sent to Israel.
One Tehran-aligned group, the influential Kataeb Hezbollah, condemned on Sunday the Israeli use of Iraqi airspace to attack Iran as a "dangerous precedent".
It accused the United States of being complicit in the Israeli attack, warning both of a response to this "aggression".