$500 Million in Gold and Cash Uncovered in Hassan Nasrallah's Bunker: The Dramatic Discovery of the Israel-Hezbollah War
Israel's Strategy: Strangling Hezbollah's Funding Network.
The Israel-Hezbollah war, during which a treasure trove worth $500 million in cash and gold is reportedly newly unearthed by Israeli forces from a secret bunker underneath Beirut's hospital. Israeli military revealed this bombshell during a televised briefing amid rising Middle Eastern tensions. Chief military spokesperson Rear Admiral Daniel Hagari told that it was beneath Al-Sahel Hospital where the discovery was made—the location closely linked to Hezbollah's financial operations.
The Bunker: Secret Treasure Under Al-Sahel Hospital
Controversy over the bunker follows after claims of its being done by Hezbollah's former leader Sayyed Hassan Nasrallah, who was said to have died after an Israeli airstrike last month. The underground vault, situated right below the hospital, contains half a billion dollars in cash and gold. Israeli military officials said this facility has never been targeted because it is built under a hospital, but it is an important node in Hezbollah's financing network, the Lebanese terrorist movement.
Israel's War to Break Hezbollah's Wallet
Israel has escalated its military operation to dismantle Hezbollah's financial structure. In recent attacks, over 30 structures associated with Hezbollah were targeted and destroyed, most of which were financial entities managed by Al-Qard Al-Hassan (AQAH), both countries have long been accusing of being a Hezbollah front for their financial transaction. One of the strategic moves by Israel to target Hezbollah is through strangulating all means of funding that are provided to the latter, including those that are illegal in nature like drugs, money laundering, etc.
The Financial Mainstay: Al-Qard Al-Hassan Role in Hezbollah's Power
Incorporated in 1983, Al-Qard Al-Hassan is an organization that assumes the image of a charity which lends money without interest to Lebanon's Shiite sector more broadly and the Hezbollah camp specifically. However, Israeli and U.S. officials have accused the group of serving as a financial lifeline for Hezbollah, siphoning millions of dollars a year into military activities. AQAH has still been able to operate even in 2019 when Lebanon's economy had already crashed, and it just so happens to be one of the last remaining lifelines to the people of Lebanon. Sanctioned or not, AQAH is reported to safeguard large amounts of cash reserves for Hezbollah, including gold and other reserves held in Nasrallah's bunker.
War between Israel and Hezbollah: The Current Situation
Hezbollah's Financial Collapse: impact of the Israeli Attack
The disclosure of the financial reserves of Hezbollah inside the bunker of Nasrallah may weaken the group's power to finance its military operations. As strikes by Israel on Hezbollah's sources of money intensify, the situation of this militant organization is becoming more unbearable each day. According to Lt. Gen. Herzi Halevi, IDF Chief of Staff, the Israeli military has carried out over 300 airstrikes on Hezbollah's logistics and financial hubs. Such a blow would severely cripple Hezbollah's capabilities to operate, and thus the party will be vulnerable to further attacks from Israel.
Response from Hezbollah: Escalating Attacks Despite Finances
What Lies Ahead for Lebanon and the Middle East?
A discovery of such huge money under a hospital raises more questions as it speaks to the future of Lebanon in a wider geopolitical context. The financial collapse would be abetted towards the stability of the state as Lebanon is already battered by economic ruin. Moreover, its fight against Israel may suck into other powers in the region, particularly Iran, that has supported Hezbollah for decades. As the bombing continues and fighting intensifies, a stop to the war seems nowhere in sight, with the Middle East now perching at the edge of further chaos.
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