US sanctions official says time is right to cut Iran’s Hezbollah funding

By Jonathan Spicer

ISTANBUL (Reuters) -The United States seeks to take advantage of a “moment” in Lebanon in which it can cut Iranian funding to Hezbollah and press the group to disarm, the U.S. Treasury Department’s top sanctions official said.

In a late Friday interview, John Hurley, the undersecretary for terrorism and financial intelligence, said Iran has managed to funnel about $1 billion to Hezbollah this year despite a raft of Western sanctions that have battered its economy.

The U.S. has adopted a “maximum pressure” campaign on Tehran meant to curb its uranium enrichment and regional influence, including in Lebanon where Iran-backed Hezbollah is also weakened after Israel shattered its military power in a 2023-24 war.

Late last week Washington sanctioned two individuals accused