The US and Israel are waging an all-out financial war on the Lebanese resistance, using border clampdowns, banking restrictions, and digital surveillance to cripple Hezbollah finances and shift Lebanon’s political balance.
The Cradle's Lebanon Correspondent
This effort is part of a wider US regional agenda to neutralize Israel’s enemies and ensure that Hezbollah plays no role in Lebanon’s recovery, in order to weaken its standing among both supporters and the broader population.
The US playbook draws from its standard regime-change toolkit – blockades, sanctions, institutional sabotage – but now with furious intensity, bolstered by the regional fallout of Syria’s unraveling and Washington’s increasing grip on Lebanese institutions.
A major component of this pressure campaign is the US’s direct and increased involvement in the day-to-day operations of Lebanese state agencies, particularly around ports, airports, and financial networks.
Despite this, Hezbollah has managed to mobilize close to $1 billion in aid since the ineffective ceasefire agreement five months ago – supporting displaced civilians and initiating early-phase reconstruction in the country's south, Bekaa region, and southern suburbs of Beirut.
Sealing off Lebanon: Borders, skies, and ports
The late, martyred Hezbollah secretary-general Hassan Nasrallah never shied away from publicly acknowledging Iran as the group's primary financial backer. In response, the US and Israel have worked aggressively to sever that link – most notably by targeting direct flights between Beirut and Tehran.
Following direct Israeli threats against Beirut-Rafic Hariri International Airport and intense US diplomatic and security pressure, Lebanon’s government under western-backed President Joseph Aoun moved to block Iranian aircraft from landing or taking off in Beirut. The goal: severing physical currency flows and cutting off high-value transfers via air.
These measures were followed by a sweeping overhaul of airport security. Electronic surveillance initiated under the Najib Mikati government and Transportation Minister Ali Hamieh – viewed as close to Hezbollah – was expanded.
Inspections were tightened, and dozens of staff were removed or reassigned based on religious, familial, or political affiliations. Control over airport security was consolidated under Brigadier General Kfoury, with American officials closely monitoring implementation.
The aim is clear: Eliminate cash transfers through travelers. In one case back in February, authorities seized $2.5 million from a passenger arriving from Turkiye, which the Higher Islamic Shia Council claimed as its own – though opponents alleged the funds belonged to Hezbollah.
Surveillance now targets passengers arriving from Turkiye, the UAE, Iraq, and African states, especially frequent fliers with little or no luggage, suspected of being couriers.
The US has also ramped up pressure on Turkiye, Iraq, and Qatar to monitor Lebanon-bound financial flows, leveraging their ties with the Islamic Republic. Border inspections across West Asian airports have intensified dramatically.
At Beirut Port, similar efforts are underway. Inspection protocols have been revamped, and staff purged to prevent Hezbollah from using shipping containers for cash smuggling. Israeli officials and Lebanese political adversaries have spotlighted the port – still reeling from the devastating 2020 blast – as a supposed smuggling hub, pushing for stricter measures.
On Lebanon’s eastern border with Syria, pressure is being reinforced militarily. Syrian army operations near the Qusayr region – adjacent to Lebanon’s Hermel – appear coordinated with US and Israeli demands to close off land routes Hezbollah once used to move funds and arms.
Syria’s President and former Al-Qaeda leader, Ahmad al-Sharaa, has reportedly informed US and European interlocutors that his government is actively disrupting Hezbollah supply channels. Meanwhile, Israeli drones conduct routine surveillance of the border, striking suspected transfers at will.
Financial asphyxiation through the banks
With smuggling routes under siege, Washington is escalating efforts to choke Hezbollah via the banking and commercial sectors. All financial activity – from remittances to basic commerce – is now under microscopic scrutiny to ensure the group is cut off at every node.
The recent appointment of Lebanon's Central Bank Governor Karim Saeed has further solidified US influence over Lebanon’s financial system. While his predecessor Wassim Mansouri (aligned with the Amal Movement) took initial steps that constrained Hezbollah’s financial networks, Saeed has expanded on this approach further, taking an increasingly hostile stance toward Hezbollah – helping enforce Washington’s dictates within Lebanon’s banking institutions.
Measures include arbitrary account closures, frozen transfers, and heightened scrutiny of routine transactions suspected of even peripheral links to Hezbollah. While designed to stifle the group, these policies have ensnared countless ordinary Lebanese – especially Shia populations and those from opposition-aligned backgrounds – trapping them in a banking system that now functions as a US-enforced surveillance and punishment mechanism.
Currency exchange offices are also under fire. Hefty fines have been levied under both Mansouri and Saeed for dealing with individuals flagged by Washington – often baselessly – as Hezbollah affiliates. Ostensibly part of a campaign to dry up Lebanon’s cash-based economy, the deeper objective is political: Make Hezbollah’s support base pay the price of resistance, and sow dissent among Shia communities.
Even cryptocurrency has not escaped notice. Though harder to track inside blockchain systems, US authorities are targeting the fiat-to-crypto entry point, focusing on how individuals acquire digital currency before it moves beyond the reach of formal oversight.
The assault on Al-Qard al-Hassan
In addition to economic warfare, Israel has militarily targeted Hezbollah-linked institutions – chief among them, the Al-Qard al-Hassan Association. During the war, several of the loan institution's branches were bombed. But the campaign against this financial cooperative extends far beyond airstrikes.
Washington and Tel Aviv are determined to dismantle Al-Qard al-Hassan, viewing it as a pillar of Hezbollah’s socioeconomic infrastructure and a symbol of grassroots resistance. The US is pressuring Lebanon’s central bank to shut the institution down altogether. Although Governor Saeed has publicly denied plans to do so, political insiders widely believe dismantling the cooperative is one of his key tasks.
Unlike traditional banks, Al-Qard al-Hassan operates as a solidarity-based financial institution. Its mission is to provide accessible services to underserved communities – many of whom have lost trust in Lebanon’s scandal-ridden private banking sector. This alternative model undermines the profit-driven logic of western financial institutions, making it a strategic target for elimination.
The campaign to vilify the cooperative has gained momentum in recent years. Claims have surfaced of a past hacking incident that allegedly exposed highly sensitive client data – names, transactions, and account details.
If true, it would hand Washington a sanctions hit list and serve as a deterrent to anyone considering using the institution. The goal is to isolate Al-Qard al-Hassan, destroy public trust in it, and neutralize its utility to the resistance.
Strategic sabotage by another name
Washington is banking on these combined tactics – air, land, financial, and digital – to bear fruit ahead of Lebanon’s next parliamentary elections.
The underlying calculation is blunt: Cut off Hezbollah’s resources, weaken its institutions, and its base will either abstain or swing toward rival factions. Such an outcome could shift the balance of power in the Lebanese parliament, eroding both Hezbollah’s share and that of its primary ally, the Amal Movement.
It is a strategy not of persuasion, but of attrition – waged not on the battlefield, but through bureaucracies, banks, and surveillance networks. The US hopes that a starved resistance will become a subdued resistance – and, eventually, no resistance at all.
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