Iran-backed militias sending money back to cash-starved IRGC, U.S. says
Summary
Iran-backed militias are sending money back to the Islamic Revolutionary Guard Corps (IRGC) to help ease its financial problems after nine months of conflict, according to U.S. military officials. The U.S. has imposed a naval blockade and sanctions on Iran, causing major economic damage and increasing tensions, but Iran has not agreed to U.S. demands on its nuclear program.Key Facts
- Iran-backed groups like Hezbollah, Hamas, and Shia militias in Iraq are returning funds to the IRGC due to its financial strain.
- The U.S. naval blockade has caused Iran to lose about $25 billion in oil revenue.
- The U.S. Treasury froze $350 million in Iranian cryptocurrency recently.
- Iran is withholding pay and benefits from its military and public workers, including the IRGC.
- Increased Iranian attacks on ships in the Strait of Hormuz are seen as a sign of IRGC desperation.
- Despite attacks, the Strait of Hormuz remains open with significant oil shipments passing through.
- A pause in U.S. strikes on Iranian targets in the area has made Iran more confident in attacking ships.
- The U.S. and Qatari mediators await Iran’s response to a counterproposal to end the conflict, but Iran is still deciding internally.
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