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22 October 2024

Israel Intensifies Strikes On Hezbollah's Financial Network

Airstrikes across Lebanon target Al-Qard al-Hassan amid rising tensions with Hezbollah

Israel has ramped up its military offensive against Hezbollah, targeting not just its military strength but also its financial backbone. This latest phase of the conflict features intense airstrikes across southern Lebanon, particularly aimed at the Al-Qard al-Hassan institution, which the Israeli authorities have identified as integral to Hezbollah’s financial network.

On one fateful Sunday, evacuation orders were issued for southern Beirut, as well as areas close to the Israeli border and the Beqaa Valley, setting the stage for what turned out to be significant airstrikes. Reports indicated at least 11 airstrikes occurred, with notable explosions near the Rafic Hariri International Airport, Lebanon's primary airport, leading to widespread fear and confusion among the populace.

This financial institution, Al-Qard al-Hassan, works like a bank, providing loans and financial services to ordinary Lebanese citizens, especially within the Shiite community, but its connection to Hezbollah has raised alarms internationally. Sanctioned by both the U.S. and Saudi Arabia, Al-Qard al-Hassan is seen by Israel as facilitating the militant group's operations, including financing weapons purchases. A former U.S. Defense and State Department official, David Ashe, emphasized the stakes, stating, "AQAH is a cash-based organization. The cash will be trash" if Israel’s attacks are successful.

Following the airstrikes, there were severe repercussions reported. Smoke billowed from affected areas, and amid intense military action, at least 17 people lost their lives to Israeli airstrikes, with casualties among first responders included. The Lebanese Health Ministry confirmed the toll, pointing to incidents across various neighborhoods, indicating the conflict's tragic impact on civilian life.

This recent escalation follows more than a year of skirmishes along the Israel-Lebanon border, and it coincides with heightened tensions after Hamas’s surprise attack on October 7, which left approximately 1,200 Israelis dead, predominantly civilians. The Kelowna conflict made matters worse, with Israel now employing ground troops and increasing air assaults, hoping to push back Hezbollah’s growing presence.

Throughout the military engagement, Israel has maintained its narrative of targeting Hezbollah's operational capacity and its funding routes. Initial reports suggested Israeli forces believed they were targeting Hezbollah vehicles when they mistakenly struck Lebanese military personnel, resulting in the death of three soldiers and prompting the Israeli military to issue an apology. This admission only adds to the complexity of the Israeli operations, as they claim they are not combating the Lebanese armed forces, but rather targeting specific militant threats.

Simultaneously, the conflict has drawn international attention. The U.S. government has urged Israel to reduce civilian casualties as Secretary of Defense Lloyd Austin emphasized the need for Israel to scale back its operations, especially around populated areas like Beirut. Austin’s concerns reflect wider apprehensions about humanitarian crises as ground fighting continues. His call for restraint has underscored the delicate balancing act for the Israeli military: to degrade Hezbollah’s capabilities without inflaming already tense civilian conditions.

The situation remains fluid; tensions at the border have simmered as both sides engage actively. Hezbollah has announced its entrance to what it calls a new phase of the conflict, hinting at potential broader military actions moving forward. The organization has declared itself prepared to fend off any Israeli offensives, reinforcing its position and asserting its presence among its supporters.

Meanwhile, as the conflict escalates, reports of civilian casualties and infrastructural damage continue to proliferate. Doctors Without Borders recently urged Israel to cease its strikes on medical facilities, citing incidents where hospitals were hit, complicative rescue efforts and worsening already dire humanitarian conditions.

By Monday, the toll was heavy. While reporting confirmed deaths and extensive property damage within Hezbollah’s strongholds, they highlighted the looming question of how long the humanitarian situation can be sustained without intervention. The need for accessibility to aid for those deeply affected becomes increasingly urgent.

Overall, as airstrikes continue across Lebanon and the U.S. deliberates its role amid growing concerns over humanitarian crises, both Hezbollah and Israel remain locked on confrontational paths. The financial airstrikes targeting Hezbollah's funding are quite telling of Israel’s strategy, which sees crippling the financial underpinning of the militant group as pivotal to undermining its capacity to engage and retaliate against Israeli forces.

What is certain is this conflict has escalated beyond retaliatory strikes; it has evolved deeply, targeting civilian structures, sometimes tragically costing lives. The impact is far-reaching, echoing not just within Lebanon but across regional borders, as the ripple effects launch outwards, compelling dialogues about long-term solutions and the prospect of peace—or continued warfare.

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