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.”



Israel Plans Major Settlement Push Across Occupied West Bank

A photograph taken from a land corridor that Israel plans to use for its controversial E1 settlement project, near the Arab town of al-Tur in Israel-annexed east Jerusalem, shows camels belonging to Bedouins gathered on a hill overlooking the Israeli settlement of Maale Adumim (background) on May 31, 2026. (Photo by AHMAD GHARABLI / AFP)
A photograph taken from a land corridor that Israel plans to use for its controversial E1 settlement project, near the Arab town of al-Tur in Israel-annexed east Jerusalem, shows camels belonging to Bedouins gathered on a hill overlooking the Israeli settlement of Maale Adumim (background) on May 31, 2026. (Photo by AHMAD GHARABLI / AFP)
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Israel Plans Major Settlement Push Across Occupied West Bank

A photograph taken from a land corridor that Israel plans to use for its controversial E1 settlement project, near the Arab town of al-Tur in Israel-annexed east Jerusalem, shows camels belonging to Bedouins gathered on a hill overlooking the Israeli settlement of Maale Adumim (background) on May 31, 2026. (Photo by AHMAD GHARABLI / AFP)
A photograph taken from a land corridor that Israel plans to use for its controversial E1 settlement project, near the Arab town of al-Tur in Israel-annexed east Jerusalem, shows camels belonging to Bedouins gathered on a hill overlooking the Israeli settlement of Maale Adumim (background) on May 31, 2026. (Photo by AHMAD GHARABLI / AFP)

Israel's hardline finance minister announced on Wednesday a major expansion by more than 2,000 homes of three Jewish settlements in the occupied West Bank that Palestinians hope will be part of a future independent state.

Most nations consider Israeli settlements there to be illegal under international law and a major obstacle to a two-state solution for long-term peace.

Bezalel Smotrich, who holds authority over parts of Israel's civilian administration in the West Bank, said a planning committee approved the construction of 2,162 new Jewish homes.

They include 1,006 units in a new settlement near Jerusalem, 922 near the Palestinian city of Nablus and 234 near ⁠Hebron.

"We are continuing ⁠to build the Land of Israel in practice," said Smotrich, an ultranationalist sanctioned by Britain, France and others who accuse him of inciting violence against Palestinians.

Smotrich has denounced the sanctions against him, saying the measures would not change Israeli policy.

The new homes would "strengthen our hold on the land, reinforce Israel's security, and establish clear facts on the ground that prevent the creation of an Arab terror state ⁠in the heart of the country," Smotrich said in a statement, without specifying when construction would begin.

Since becoming a minister three years ago, Smotrich has sought to tighten Israel's control and presence in the West Bank while advocating against the idea of a Palestinian state.

Prime Minister Benjamin Netanyahu's right-wing government has overseen the significant expansion of Jewish settlements in the West Bank and the establishment of new settlements.

Palestinians want the West Bank as part of a future independent state that includes East Jerusalem and Gaza. Around half a million Israelis live in the West Bank among about 3 million Palestinians.

US President Donald Trump's administration has been ⁠far less critical of ⁠the fast-expanding Israeli settlements.

However, Trump did say last September that he would not allow Israel to annex the West Bank, angering some right-wing Israeli lawmakers.

Condemning Wednesday's announcement, Palestinian President Mahmoud Abbas' office warned that Israel's "provocative" policies were pushing the region towards more rounds of violence and called on the US to stop the Israeli "madness.”

Smotrich on May 19 said he would wage "war" on the Palestinian Authority, which exercises limited civic rule in the West Bank, after he said he was told the International Criminal Court (ICC) prosecutor had sought a confidential arrest warrant against him. The ICC has not confirmed that.


UNIFIL Peacekeeper Killed in South Lebanon

A United Nations Interim Force in Lebanon (UNIFIL) convoy maneuvers within southern Lebanon, as seen from the Israeli side of the border in the Upper Galilee, northern Israel, 02 June 2026, amid a ceasefire between Israel and Hezbollah. EPA/ATEF SAFADI
A United Nations Interim Force in Lebanon (UNIFIL) convoy maneuvers within southern Lebanon, as seen from the Israeli side of the border in the Upper Galilee, northern Israel, 02 June 2026, amid a ceasefire between Israel and Hezbollah. EPA/ATEF SAFADI
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UNIFIL Peacekeeper Killed in South Lebanon

A United Nations Interim Force in Lebanon (UNIFIL) convoy maneuvers within southern Lebanon, as seen from the Israeli side of the border in the Upper Galilee, northern Israel, 02 June 2026, amid a ceasefire between Israel and Hezbollah. EPA/ATEF SAFADI
A United Nations Interim Force in Lebanon (UNIFIL) convoy maneuvers within southern Lebanon, as seen from the Israeli side of the border in the Upper Galilee, northern Israel, 02 June 2026, amid a ceasefire between Israel and Hezbollah. EPA/ATEF SAFADI

The United Nations Interim Force in Lebanon said Thursday that a peacekeeper was killed and two others wounded when shelling hit their base in the country's south the previous night.

"A UNIFIL peacekeeper died early this morning from critical injuries sustained when mortar shells struck his position," a statement from the force said, adding that an investigation had been launched.

The peacekeeper was Serbian, the country's defense ministry confirmed on Thursday, specifying that he died from injuries caused by a missile strike on the UN base.

"Senior Sergeant Milovan Jovanovic was given emergency medical care at a hospital inside the base after being wounded and then transported by helicopter to the University Medical Center in Beirut, where he died," the statement said.
 

 


Lebanon-Israel Ceasefire Deal: Complete Cessation of Hezbollah Attacks, Creation of Pilot Zones

(L/R) Israel's Ambassador to the US Yechiel Leiter, State Department Chief of Staff Daniel Holler, US Ambassador to Lebanon Michel Issa and Lebanese Ambassador to the US Nada Hamadeh attend a meeting between Israeli and Lebanese delegations hosted by the United States at the State Department in Washington, DC, on June 3, 2026. (Photo by Oliver Contreras / AFP)
(L/R) Israel's Ambassador to the US Yechiel Leiter, State Department Chief of Staff Daniel Holler, US Ambassador to Lebanon Michel Issa and Lebanese Ambassador to the US Nada Hamadeh attend a meeting between Israeli and Lebanese delegations hosted by the United States at the State Department in Washington, DC, on June 3, 2026. (Photo by Oliver Contreras / AFP)
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Lebanon-Israel Ceasefire Deal: Complete Cessation of Hezbollah Attacks, Creation of Pilot Zones

(L/R) Israel's Ambassador to the US Yechiel Leiter, State Department Chief of Staff Daniel Holler, US Ambassador to Lebanon Michel Issa and Lebanese Ambassador to the US Nada Hamadeh attend a meeting between Israeli and Lebanese delegations hosted by the United States at the State Department in Washington, DC, on June 3, 2026. (Photo by Oliver Contreras / AFP)
(L/R) Israel's Ambassador to the US Yechiel Leiter, State Department Chief of Staff Daniel Holler, US Ambassador to Lebanon Michel Issa and Lebanese Ambassador to the US Nada Hamadeh attend a meeting between Israeli and Lebanese delegations hosted by the United States at the State Department in Washington, DC, on June 3, 2026. (Photo by Oliver Contreras / AFP)

Israel and Lebanon on Wednesday agreed to a new ceasefire following talks mediated by the United States. Under the agreement, Hezbollah is to stop all attacks on Israel and withdraw its fighters from the area south of the Litani River in southern Lebanon.

In a joint statement, the US, Israel and Lebanon said “the ceasefire is contingent on a complete cessation of Hezbollah fire and the evacuation of all Hezbollah operatives from the South Litani Sector.”

Israel and Lebanon agreed with US guidance “to swiftly advance the creation of pilot zones” in which the Lebanese army “will take exclusive control of the territory to the exclusion of all non-state actors.”

“These steps will enable progress towards a comprehensive peace and security agreement,” the statement said, adding that both sides “rejected any attempt, by any state or non-state actor, to hold Lebanon’s future hostage.”

Hezbollah has yet to comment on the ceasefire. Before it was announced, the group said it had conducted two drone and rocket attacks on Israeli troops inside Lebanon that it said took place just after midnight local time on Wednesday.

In their statement, “Israel and Lebanon reaffirmed that they have no hostile intent toward one another and committed to continuing direct negotiations to build confidence, resolve all outstanding issues, and work toward a comprehensive agreement between the two countries.”

The US reaffirmed that any agreement to cease hostilities must be reached directly between the two governments, brokered by Washington, and not through any separate track.

As for Israel, it said that its security and respect for its territorial integrity can only be achieved through Hezbollah’s disarmament and the dismantlement of its infrastructure across Lebanon.

In the statement, “Lebanon reaffirmed the necessity for mutual respect of internationally recognized borders, the urgent need for full implementation of the cessation of hostilities, underscoring the principles of territorial integrity and full state sovereignty.”

It stressed commitment to enhancing the capacity of the Lebanese army, with US support, to assert effective control across the country.