Hezbollah’s Iranian Oil for Venezuelan Gold Scheme

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This article details Hezbollah's financial operations in Latin America, focusing on a sophisticated sanctions-evasion scheme involving the exchange of Iranian oil for Venezuelan gold. U.S. Treasury designations highlight this ongoing mechanism as part of Hezbollah's illicit funding strategy.

Abstract This article examines the evolution of Lebanese Hezbollah’s financial activities in Latin America, with particular focus on an elaborate sanctions-evasion scheme involving the exchange of Iranian oil for Venezuelan gold. Drawing on recent United States Department of the Treasury designations and press reporting, it argues that this financial mechanism is not a novel development but rather part of a … Read more The post Hezbollah’s Iranian Oil for Venezuelan Gold Scheme appeared first on Small Wars Journal by Arizona State University.