Supporters of Lebanon’s Shia movement Hezbollah hold posters of Iran’s Supreme Leader Ayatollah Ali Khamenei during a parade in Beirut, September, 2017.(AFP)

September 14, 2019

The US is to continue its economic pressure on Iran and its Lebanese proxy Hezbollah, the Assistant Secretary for Terrorist Financing Marshall Billingslea said on Friday.

Speaking at the Atlantic Council, Billingslea added that the drug trade in South America was financing the terrorist organization, and that other sources of funding included money laundering. He also said that South America was starting to turn against Hezbollah, which is backed by Iran.

Billingslea said that the US Treasury will continue to exert economic pressure on Iran and Hezbollah, and that it considers the buying of Iranian oil as funding terrorism.

Due to Iraq’s proximity to Iran, the Iraqi people “ are victims,” Billingslea said. However, any Iraqi party that colludes with Iran’s Revolutionary Guards will have sanctions imposed on it.

He continued by saying that NATO countries supported the US and consider Iran a terrorist state.

The US Treasury has had no difficulty in convincing Europe that the regime in Iran is corrupt and that corruption is widespread, the Assistant Secretary for Terrorist Financing said. He added that the US has informed European countries that dealing with Iran will harm their trade with the country.

Shipping companies must know who they are dealing with, otherwise they will be sanctioned, Billingslea said.

Arab News

About Track Persia

Track PersiaTrack Persia is a Platform run by dedicated analysts who spend much of their time researching the Middle East, in due process we fall upon many indications of growing expansionary ambitions on the part of Iran in the MENA region and the wider Islamic world. These ambitions commonly increase tensions and undermine stability.