Israel Targets Hezbollah-Linked Financial Interests

A man walks amid the rubble of buildings destroyed by Israeli bombardment in Beirut’s Zokak el-Blat district near the city center (Reuters)
A man walks amid the rubble of buildings destroyed by Israeli bombardment in Beirut’s Zokak el-Blat district near the city center (Reuters)
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Israel Targets Hezbollah-Linked Financial Interests

A man walks amid the rubble of buildings destroyed by Israeli bombardment in Beirut’s Zokak el-Blat district near the city center (Reuters)
A man walks amid the rubble of buildings destroyed by Israeli bombardment in Beirut’s Zokak el-Blat district near the city center (Reuters)

Israel has stepped up its operations against Hezbollah in recent days, escalating on multiple fronts in response to the group’s intensified attacks into Israeli territory and its use of precision and ballistic missiles that have reshaped the battlefield.

Tel Aviv has widened its targets to include civilian-linked interests tied to the group. After striking branches of Al-Qard Al-Hasan, a financial institution directly associated with Hezbollah, it launched a series of raids on gas stations operated by Al-Amana in several villages in southern Lebanon.

Israel says the company represents “a key economic infrastructure for Hezbollah, generating millions of dollars in profits,” adding that the stations’ accounts at Al-Qard Al-Hasan are used to finance its activities.

The Israeli military said in a statement that targeting the gas stations “deals a significant blow to Hezbollah’s military infrastructure in Lebanon and to the ability of its operatives to plan attacks.”

It added that the strikes are part of broader efforts to undermine “Hezbollah’s economic entrenchment within the civilian population.”

An escalating path

Ali al-Amin, editor-in-chief of Janoubia, said the targeting of civilian institutions linked to the group “reflects an escalating trajectory in Israel’s campaign against Hezbollah, after earlier strikes focused primarily on security and military targets.”

He said this falls within “Israel’s declared efforts to uproot and eliminate the party.”

Al-Amin told Asharq Al-Awsat that the gas station network is “one source of funding and a revenue-generating institution, but certainly not among the main sources.”

An economist, who declined to be named, said Hezbollah’s core funding has historically come from abroad, whether by land, sea, or air, as well as through financial transfers and intermediaries inside Lebanon and overseas.

He said that “with the fall of the regime in Syria, land routes for funds were cut, while US-Israeli maritime control reduced transfers by sea.”

“Funds were also transported by air through Iranian diplomatic missions and Iranian aircraft, whose access to Lebanon has been blocked,” he added.

The source said “institutions linked to the party are still operating, and there are attempts to circumvent circulars issued by Lebanon’s central bank and the Justice Ministry through various intermediaries,” noting that “some of the buildings currently targeted by Israel are used to store funds.”

Direct impact on Hezbollah’s base

Efforts to financially squeeze Hezbollah are directly affecting its support base, which Israel is seeking to pressure, according to Mona Fayad, a political writer and psychology professor at the Lebanese University in Beirut.

She said “Tel Aviv is exerting pressure on this environment through various means, betting on it to mobilize and speak out against Hezbollah.”

Fayad added that “the party’s failure to provide financial support and services to its fighters, their families and its broader base is pushing its leadership to try to turn them into a pressure tool against the state, leading to internal tensions and social unrest that Israel is seeking to fuel.”



Lebanon Bets on US Pressure to Win Israeli Concessions

Displaced residents return to southern Lebanon (AFP)
Displaced residents return to southern Lebanon (AFP)
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Lebanon Bets on US Pressure to Win Israeli Concessions

Displaced residents return to southern Lebanon (AFP)
Displaced residents return to southern Lebanon (AFP)

US President Donald Trump announced a 10-day ceasefire between Lebanon and Israel, opening the door to direct negotiations between the two sides.

Without a truce, the war between Israel and Hezbollah would remain open-ended, bringing more destruction and displacement to southern Lebanon.

But a ceasefire alone is not enough unless it runs in parallel with Lebanese-Israeli talks and can be extended to allow time for a deal, a ministerial source told Asharq Al-Awsat.

Trump’s move also satisfied Iran by involving it in the contacts that led to the truce, while aligning with Lebanese President Joseph Aoun, who made a ceasefire a precondition for negotiations.

Washington brings Iran in

Washington drew Iran into the ceasefire in hopes of extracting concessions by pressing Hezbollah to uphold the truce and accept joining the government in direct talks, the source said.

The talks still face opposition from the Shiite duo, Hezbollah and Amal, despite mounting local and international pressure to unify behind a Lebanese delegation expected to be headed by former ambassador Simon Karam.

No meeting is expected soon between Aoun and Israeli Prime Minister Benjamin Netanyahu at the White House under Trump’s sponsorship, at least during the ceasefire.

Any such meeting should seal a comprehensive agreement, not launch negotiations, the source said.

He added that there is no need to rush. The priority is for Washington to press Israel to offer incentives that could help secure a deal. Without that, a meeting would be meaningless as long as Israeli forces remain, residents are barred from returning south of the Litani River, Lebanese prisoners are held, and towns face systematic destruction.

Under such conditions, the source asked, would a meeting simply impose a reality rejected by Aoun, who insists the timing is wrong unless Israel shows goodwill on the ground toward ending its occupation.

Separating Iran from Lebanon

The source said a ceasefire is essential to start talks, but involving Iran does not mean Lebanon will tie its fate to Tehran’s negotiations with Washington, contrary to claims by a Shiite duo source.

That source suggested Lebanon would be part of a broader US-Iran settlement that could ease tensions, without explaining how this would reassure the Lebanese.

Washington’s outreach to Iran to help resume talks in Islamabad does not mean handing Lebanon’s file to Tehran, the source said, noting strong domestic, Arab and international opposition to linking the two tracks.

He questioned how Iran can negotiate directly with the United States while Lebanon is denied the same option in the absence of alternatives.

He also asked what alternative exists, and whether Lebanon can withstand another war after Hezbollah backed Gaza and Iran without returning to the government’s authority.

He raised doubts over how returning residents can be reassured, as areas south of the Litani have been devastated and are no longer fit for living.

Residents have the right to regain stability and ease fears about their future while awaiting reconstruction, which hinges on Hezbollah accepting the state’s monopoly on arms as a core item in negotiations. In return, Washington would need to secure Israel’s withdrawal and complete border demarcation in line with the armistice.

The question remains whether the Shiite duo will continue to reject direct talks overseen by Aoun, who insists on fully liberating the south.

That puts pressure on Parliament Speaker Nabih Berri, who has voiced reservations, as Aoun and international actors continue to seek a unified Lebanese position to prevent the ceasefire from unraveling.


Aoun Says Future Deal Will Not Cede Lebanese Territory, Country No Longer ‘Arena for Anyone’s Wars’

A photograph released by the Lebanese Presidency on April 17, 2026, shows Lebanon's President Joseph Aoun delivering a televised address to the Lebanese people from the Baabda Presidential Palace, east of the capital Beirut. (Lebanese Presidency)
A photograph released by the Lebanese Presidency on April 17, 2026, shows Lebanon's President Joseph Aoun delivering a televised address to the Lebanese people from the Baabda Presidential Palace, east of the capital Beirut. (Lebanese Presidency)
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Aoun Says Future Deal Will Not Cede Lebanese Territory, Country No Longer ‘Arena for Anyone’s Wars’

A photograph released by the Lebanese Presidency on April 17, 2026, shows Lebanon's President Joseph Aoun delivering a televised address to the Lebanese people from the Baabda Presidential Palace, east of the capital Beirut. (Lebanese Presidency)
A photograph released by the Lebanese Presidency on April 17, 2026, shows Lebanon's President Joseph Aoun delivering a televised address to the Lebanese people from the Baabda Presidential Palace, east of the capital Beirut. (Lebanese Presidency)

Lebanese President Joseph Aoun said on Friday that any future deal reached by the government would not cede any ‌territory or ‌undermine Lebanon's national ‌rights, ⁠without saying whether ⁠he was referring to prospective talks with Israel.

The televised address was ⁠his first speech ‌since ‌the US brokered a ‌ceasefire to ‌end fighting between Israel and Iran-backed Hezbollah on Thursday. ‌

The text of the deal ⁠says ⁠Israel and Lebanon would hold direct talks to produce a "peace between the two countries".

Aoun said Lebanon was on the verge of a "new phase" of "permanent agreements."

"Now, we all stand before a new phase," he added, stressing "it is the phase of transition from working on a ceasefire to working on permanent agreements that preserve the rights of our people, the unity of our land, and the sovereignty of our nation."

He added that direct talks with Israel were "not a sign of weakness nor a concession... negotiations do not mean, and will never mean, giving up any right, conceding any principle, or compromising the sovereignty of this nation."

Moreover, Aoun stressed that Lebanon was no longer an "arena" for anyone's wars.

"We are confident that we will save Lebanon... we have reclaimed Lebanon and Lebanon's decision-making power for the first time in nearly half a century," he declared, adding that "today, we negotiate for ourselves... we are no longer a pawn in anyone's game, nor an arena for anyone's wars, and we never will be again."

"I hereby affirm... that there will be no agreement that infringes upon our national rights, diminishes the dignity of our steadfast people, or relinquishes an iota of this nation's soil."


Hezbollah Tallies Its Dead from Israel War, Estimates Exceed 1,000

A woman walks next to an ambulance at the site of an Israeli strike carried out before a 10-day ceasefire between Lebanon and Israel went into effect, in Tyre, Lebanon, April 17, 2026. (Reuters)
A woman walks next to an ambulance at the site of an Israeli strike carried out before a 10-day ceasefire between Lebanon and Israel went into effect, in Tyre, Lebanon, April 17, 2026. (Reuters)
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Hezbollah Tallies Its Dead from Israel War, Estimates Exceed 1,000

A woman walks next to an ambulance at the site of an Israeli strike carried out before a 10-day ceasefire between Lebanon and Israel went into effect, in Tyre, Lebanon, April 17, 2026. (Reuters)
A woman walks next to an ambulance at the site of an Israeli strike carried out before a 10-day ceasefire between Lebanon and Israel went into effect, in Tyre, Lebanon, April 17, 2026. (Reuters)

Hezbollah said its fighters would “keep their fingers on the trigger” hours after a ceasefire took effect between Lebanon and Israel, warning it would not stay silent over any Israeli violations and would not repeat its past restraint under the October 2024 ceasefire, when Israel continued attacks and assassinations against its members and commanders.

In recent hours, the Iran-backed party focused on helping large numbers of displaced people return to their homes, while tracking Israeli movements in occupied areas and preparing for a possible new confrontation at any moment.

Death toll unclear

People closely following Hezbollah said it was still counting its dead, with no final toll yet, as many fighters remain under rubble in villages and towns that saw fierce clashes, including the southern towns of Khiam and Bint Jbeil, where Israeli forces are deployed, complicating search efforts.

Some bodies are difficult to identify, while others have been taken captive.

Sources said Hezbollah would not, for now or in the near future, announce casualty figures, as it did in the previous war.

It stopped issuing official death notices after the toll passed 500 and is maintaining that approach, they said, with estimates suggesting the number is high and may exceed 1,000, particularly after heavy fighting in Khiam and Bint Jbeil.

Hezbollah statement

In a statement after the ceasefire, Hezbollah said it carried out 2,184 military operations during the 45-day battle from March 2 to April 16.

It said its drones and rocket fire struck Israeli settlements and cities from the Lebanese border to beyond Tel Aviv, up to 160 km deep.

It said its fighters conducted about 49 operations a day, adding: “The hands of these fighters will remain on the trigger, on guard against the enemy’s treachery and any violation of its commitments.”

Hezbollah lawmakers on Friday accompanied displaced residents returning to their towns and villages in the south, Bekaa Valley, and Beirut’s southern suburbs.

Hezbollah lawmaker Hassan Fadlallah said the group would accept no surrender or submission.

“This issue is settled for us. If the Americans want to give the Israeli enemy freedom of movement, and if some Lebanese officials submit and make concessions, that will have no application on the ground,” he said, warning that the ceasefire “must not become a tool for the enemy to blackmail the authorities.”

He added: “The Lebanese authorities must withdraw from direct negotiations that will only lead to submission to Israeli dictates. This threatens Lebanon’s future and fate.”

People check destruction behind posters of Hezbollah leader Naim Qassem (bottom) and a killed Hezbollah member in Beirut's southern suburbs after a 10-day ceasefire with Israel came into effect on April 17, 2026. (AFP)

‘A major defeat’

While Hezbollah and its supporters frame the outcome as a victory, security and defense analyst Riad Kahwaji told Asharq al Awsat the battlefield suggests otherwise.

“When the war began, the Israelis were in five points, while Hezbollah fighters were active along axes such as Naqoura, Kfar Kila, and Aita al-Shaab. Today, Israeli forces are deeper inside Lebanese territory,” he said.

“Israeli control has reached 10 km, compared with around 2 or 3 km before. Hezbollah lost territory, was forced to retreat, its death toll is in the hundreds, its number of captives has risen, and the scale of destruction in the south, the southern suburbs and the Bekaa is many times greater,” Kahwaji added.

He said tens of thousands have been displaced after their homes were destroyed. “This is defeat, in every sense of the word.”

Kahwaji said that even if Israeli soldiers were killed, their numbers were not comparable to Hezbollah’s losses, and that the scale of damage in Lebanon versus Israel underscored the imbalance.

“Hezbollah considers its survival and ability to fire rockets a victory, even though it has again shown it acts as an Iranian tool and entered the war in support of Iran,” he stressed.

Ready for another round

Political writer Qassem Kassir, who is closely familiar with Hezbollah’s position, offered a sharply different view, saying the group had emerged stronger than after the 2024 war.

“If we do not say it won, what is certain is that Israel failed to achieve its military and security goals. Tel Aviv was unable to target Hezbollah’s leadership. Although some commanders were killed, the number is very small compared with the previous war,” he said.

Kassir said Hezbollah had “managed the battle with precision and success” and was preparing for a possible new confrontation, unless comprehensive solutions are reached, including a full Israeli withdrawal, the return of captives, an end to attacks and launch of reconstruction.